Insta Car Ijarah is a Shariah-compliant facility where the bank acts as a lessor and the customer acts as a lessee.
Under this model, customers pay extremely low monthly rent for the use of the vehicle. The ownership of the vehicle remains with the Bank, however,
only the usufruct rights will be transferred to the customer.
At the maturity of the Ijarah period, the customer is given a choice to either:
– return the vehicle to the bank and receive the security deposit paid at the start of the facility or
– purchase the vehicle at market value.
- Lowest rentals in the industry
- Security deposit as low as 30% (to be refunded upon end of Ijarah period)
- Fast and hassle-free processing
- Periodic maintenance through authorized 3S dealerships
- Takaful and tracker through reputable companies
- Early purchase option
- Option to buy the vehicle at discounted market value at end of Ijarah period (subject to timely payments)
- Flexible tenure: 3 & 5 Years
Age Eligibility For Customers
- Minimum age 21 years to 65 years or retirement age (whichever comes first for salaried customers) at the completion of the Ijarah period.
- Minimum age 21 years to 70 years for self-employed customers at the completion of the Ijarah period.
- Application form
- Copy of CNIC
- Latest photographs
- Proof of income
- Proof of employment/business
In case you have any further queries, you may:
- Call our 24/7 helpline at (+9221) 111-1- HABIB(42242)
- Visit any HABIBMETRO Bank branch