Roshan Apni Car is Pakistan’s first Digital Islamic car financing. Dubai Islamic Bank customers through the use of their Roshan Digital Account -RDA can apply for Islamic car financing for their loved ones in Pakistan completely digitally and Riba Free.
What is Roshan car scheme?
‘Roshan Apni Car’ scheme facilitates non-resident Pakistanis (NRPs) with Roshan Digital Accounts to purchase cars at a lower price. The cars will be available at lower financing rates (7%) for overseas Pakistanis whose families are willing to buy cars in the country through conventional and Islamic banks.
Who is eligible for Roshan Apni car?
Criteria
| Criteria |
Self Employed Businessman / Professionals |
Remittance Based |
| Age |
Minimum 21 at inception |
Depending upon remitter being salaried or self-employed |
| Maximum 65 at maturity |
| Maximum Exposure |
PKR 10 Million |
PKR 10 Million |
| Minimum Security Deposit |
15% |
15% |
1 more row
What is the interest rate on Roshan Apni car?
Product pricing:
| Rate |
Lien Product |
Non-Lien Product |
| Variable Rates |
SBP Floor+1.0% |
KIBOR+1.0% |
| Fixed Rates |
– 2 Years: 8.25% – 3 Years: 8.50% – 4 Years: 9.00% – 5 Years: 9.25% – 6 Years: 9.35% – 7 Years: 9.50% |
– 2 Years: 10.25% – 3 Years: 10.75% – 4 Years: 11.00% – 5 Years: 11.25% – 6 Years: 11.35% – 7 Years: 11.50% |
Can you buy a car with Roshan Digital Account? – Related Questions
Which bank gives car loan for 7 years?
Axis Bank offers Car Loans at an attractive rate of interest, low processing fee, a repayment tenure of upto 7 years, and higher loan-to-value ratio (100% on-road price funding on certain models) to purchase a new car.
How can I get UBL Roshan Apni car?
You can apply through UBL website or through email. UBL representative will contact you. Who can avail UBL Roshan Apni Car? You can avail Car financing facility by opening Roshan Digital Account in PKR currency.
What is lien based Roshan Apni Car?
BOP is providing its Roshan Digital Account holders / Naya Pakistan Certificate holders with an opportunity to finance a Car on discounted mark-up rates and special insurance package with value added services. Financing facility is available for new locally assembled and completely build up (CBU) vehicles.
Can I get loan from Roshan Digital Account?
Standard Financing
Avail a housing finance on bank’s exclusive standard rates for UBL Roshan Digital Account customers. Customers can further choose from lien/non-lien financing options. There will be no minimum income criteria. 100% Co-Borrower’s income will be clubbed in case of spouse.
Can I take my Car to Pakistan for 3 months?
Transfer of Residence: A person residing abroad for a minimum of 700 days, in immediately preceding 3 years, may bring into Pakistan a vehicle under this scheme. Gift Scheme: A person residing abroad for a minimum of 700 days, in immediately preceding 3 years, can gift a vehicle to his family members under this scheme.
Can overseas Pakistani send Car in Pakistan?
Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under the following 03 schemes: Personal Baggage. Gift Scheme. Transfer of Residence.
How much is import tax on a car in Pakistan?
ISLAMABAD: Pakistan has raised the rate of regulatory duty to 100 per cent on import of motor vehicles into the country. The Federal Board of Revenue (FBR) issued SRO 1571(I)/2022 to increase the rate of regulatory duty from 90 per cent to 100 per cent on import of motor vehicles.
How much does it cost to import a car to Pakistan?
Vehicles
| S.No. |
Vehicles of Asian Makes meant for transportation of persons |
Duty and Taxes in US$ or equivalent amount in Pak |
| 01. |
Upto 800 cc |
US$ 4,800 |
| 02. |
801cc to 1000cc |
US$6,000 |
| 03. |
From 1001 cc to 1300cc |
US$13,200 |
| 04. |
From 1301cc to 1500cc |
US$18,590 |
How much does it cost to ship a car to Pakistan?
Typical Shipping Prices – How Much Does It Cost? The majority of cars shipped from the U.S. to Pakistan can be delivered for$2,200 up to $5,100. Additional costs may need to paid once the vehicle is delivered, in particular, import taxes and registration fees, which can add up.
Can I buy a car in Pakistan from USA?
The Trade Policy and Customs rules allow import of vehicles into Pakistan. Both new and used vehicles can be imported. 2. New vehicles can be imported freely by any one, under the generally applicable import procedures and requirements, like any other goods, on payment of applicable duty and taxes.
Are cars cheaper in Dubai?
As mentioned, importing a vehicle into Dubai is usually not the most cost-effective option. Cars in Dubai are comparatively less expensive than those in the western hemisphere, so selling your vehicle and repurchasing one locally is more economical than paying numerous shipping costs and importation taxes.
How many mobiles can I carry to Pakistan?
How many phones can an international Passenger bring in to Pakistan? As per Government of Pakistan’s Law, an international passenger can bring in 5 (five) mobile phones per year to Pakistan for personal use.
Is PTA tax removed 2022?
So far PTA tax has not been removed and we advise you to pay the required tax to the PTA in order to use your network-locked smartphones legally in Pakistan. Important: have you completed NADRA verification online, click to do it now. How to Pay PTA TAX, click here.
Does PTA allow one mobile free?
PTA allows registration of one device free of cost if you are coming back to Pakistan from abroad. If you have more than one then you have to register the other mobile devices. You need to pay relevant tax for the device if you want to use that mobile device in Pakistan for more than 60 days.
How much tax do I pay on mobile in Pakistan airport?
Pakistan Government Imposes Additional 17% Tax on Mobile Phones. January 22, 2022 – In a recently passed Supplementary Finance Budget, also known as the mini-budget, the government of Pakistan, led by the Pakistan Tehreek-i-Insaf (PTI), has increased the taxes imposed on imported mobile phones in the country.
Can I take 2 mobile phones to Pakistan?
For people bringing in phones from abroad, as per personal baggage rules, then one phone per person per annum is allowed duty free and up to a maximum of 5 phones in a year can be brought in. The duty on the remaining four will have to be paid if you require service in Pakistan beyond 30 days.