| Categories | Lien Based | Remittance Based |
| Basic Requirements | a. Must be Roshan Digital Account holder of ABL
b. Local Nominee (co-applicant) in Pakistan is mandatory c. 100% lien shall be marked in case of PKR RDA and 110% in case of foreign currency RDA against financing amount on Roshan Digital Account or Naya Pakistan Certificate till the maturity of loan |
a. Must be Roshan Digital Account holder of ABL
b. Local Nominee (co-applicant) in Pakistan is mandatory |
| Age |
|
Salaried
Self Employed
|
| Minimum Net Income | Not to be considered | 75% of average remittance shall be construed as net income |
| Nominee / Co-Applicant | a. Mandatory (in case applicant is NRP)b. Resident Pakistani
c. Spouse / Father / Mother / Brother / Sister / Son / Daughter d. Age: Minimum 18 Years |
a. Mandatory (in case applicant is NRP)b. Resident Pakistani
c. Spouse / Father / Mother / Brother / Sister / Son / Daughter d. Age: Minimum 18 Years |
| Lien Based | Remittance Based |
| a. Application Form
b. Copy of CNIC/SNIC/NICOP/POC of applicant c. 2 latest passport size photographs of applicant d. Copy of CNIC/SNIC/NICOP/POC of nominee e. 2 latest passport size photographs of nominee (co-applicant) f. Declaration of Schedule of Charges g. Undertaking to mark Lien on collateral / IB-26A (only for lien on NPC) / IB-28 (only for lien on RDA deposit) h. Undertaking for Nominee |
a. Application Form
b. Copy of CNIC/SNIC/NICOP/POC of applicant c. 2 latest passport size photographs of applicant d. Copy of CNIC/SNIC/NICOP/POC of nominee e. 2 latest passport size photographs of nominee (co-applicant) f. Declaration of Schedule of Charges g. Undertaking for Nominee |
Q. What is Roshan Apni Car?
Roshan Apni Car is a digital variant of car finance for ABL Roshan Digital Account holders to get car financing on affordable monthly instalments.
Q. What is basic eligibility to avail Roshan Apni Car faciality?
The basic eligibility criteria to apply for Roshan Apni Car is having Roshan Digital Account with ABL and valid NICOP / CNIC / SNIC.
Q. How many variants of Roshan Apni Car financing are available?
Two variants of Roshan Apni Car financing are available i.e. Lien Based Financing & Remittance Based Financing.
Q. Who is nominee?
A nominee, who will be the beneficiary of the vehicle, is mandatory. The nominee can only be applicant’s spouse, parents, children and/or siblings residing in Pakistan.
Q. The financed vehicle will be registered in the name of applicant or nominee?
Vehicle will be registered in the name of the applicant or co-applicant/nominee; however, in case the vehicle is to be registered in the name of applicant, his/her availability in Pakistan is compulsory.
Q. What is financing tenor of this faciality?
Financing will be available minimum for one year and maximum of seven years for brand new vehicle while five years for used vehicle.
Q. Do I need to pay any type of tax(s)?
All applicable Govt. tax(es) have to be paid by the customer.
Q. How would I repay monthly installment?
Repayments will be deducted from RDA in PKR maintained with ABL and in case of Foreign Currency Account, PKR account to be opened for deduction of installments. Applicant would submit Direct Debit Authority for deduction of monthly payment from his/her account.
Q. Would I need to pay any charges to apply for Roshan Apni Car?
You would need to pay one-time Processing Fee (as per prevailing Bank`s Schedule of Charges) after approval of application. In addition, Vehicle Valuation Charges, in case of used car only, to be paid directly by the applicant / nominee to the Valuation Agency.
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