“Likely eligible” is a screening result, not approval. Banks also check e-CIB/credit history, employment verification, vehicle eligibility, valuation, regulatory limits and internal policy. Indicative rates are editable planning assumptions and exclude insurance/Takaful, tracker, registration and processing charges.
No need to fear the paperwork
How to apply, step by step
Choose the exact car and variant.Get the proforma invoice or booking quotation from an authorised dealer.
Shortlist two banks.Compare fixed/variable pricing, Takaful or insurance, early-settlement charges and total payable—not only the first monthly instalment.
Prepare one document folder.CNIC, photographs, salary slip or income proof, employment/business proof, NTN/tax return where applicable, and six to twelve months of bank statements.
Request a written repayment schedule.Ask for the benchmark, spread, reset frequency, processing fee, tracker, insurance/Takaful and balloon/residual payment in writing.
Submit and verify.The bank checks e-CIB, income, employer or business and the vehicle. Do not pay an agent; use the bank branch or official application page.
Approve only after reading the KFS.Read the Key Fact Statement and confirm early termination, late payment and repossession terms before signing.
Typical document checklist
Salaried applicant
Valid CNIC and photographs
Latest salary slip / employer certificate
Usually six months bank statement
Employment tenure proof
Car quotation / proforma invoice
Declared existing finance obligations
Business / self-employed
Valid CNIC and photographs
Usually twelve months bank statement
NTN, tax returns or bank certificate
Business ownership and tenure proof
Professional registration where applicable
Car quotation / proforma invoice
Add CarRates to your iPhone Home Screen
Open carratespk.com in Safari. Tap Share, then Add to Home Screen (under More if needed). Keep Open as Web App switched on if shown, then tap Add.
Your CarRates icon opens the full website in its own app window. Internet access is required. Sign in to your CarRates account to access saved garage records.