HBL adds another product to its arsenal with launch of new car loan solution

HBL, the largest commercial bank in Pakistan and an ever present influence in the UAE’s financial services sector since 1967, today announced the launch of its new car loan product.

HBL Car Loan, which will be available to both existing and new customers, is HBL’s first foray into the UAE’s competitive auto finance market. Whether for a brand new or used car, the product has a tenor of up to five years, maximum loan amount of AED 500,000, and unlike some will not exclude applicants who are self-employed.

Choosing a car can often be a time-consuming and challenging exercise. However, with its competitive interest rates and flexible terms – HBL aims to make purchasing and financing a new car a more accessible and affordable option.

For some, the new year can also mean a new car, particularly with many dealerships across the country offering a variety of attractive offers. The timing of HBL’s launch therefore, could not be more appropriate, and follows a string of new products and services from HBL during the past six months.

Afaque Majeed, Officiating Regional General Manager at HBL, said: “With the introduction of Car Loan, we are continuing our commitment to providing our customers with a choice of solutions, thereby enhancing their banking experience with HBL.  The launch of Car Loan will provide our customers with the opportunity of financing the purchase of new and pre-owned vehicles quickly and easily. I believe our competitive interest rates, loan amount and flexible terms will prove extremely popular.”

HBL, the largest commercial bank in Pakistan and an ever present influence in the UAE’s financial services sector since 1967, today announced the launch of its new car loan product.

HBL Car Loan, which will be available to both existing and new customers, is HBL’s first foray into the UAE’s competitive auto finance market. Whether for a brand new or used car, the product has a tenor of up to five years, maximum loan amount of AED 500,000, and unlike some will not exclude applicants who are self-employed.

Choosing a car can often be a time-consuming and challenging exercise. However, with its competitive interest rates and flexible terms – HBL aims to make purchasing and financing a new car a more accessible and affordable option.

For some, the new year can also mean a new car, particularly with many dealerships across the country offering a variety of attractive offers. The timing of HBL’s launch therefore, could not be more appropriate, and follows a string of new products and services from HBL during the past six months.

Afaque Majeed, Officiating Regional General Manager at HBL, said: “With the introduction of Car Loan, we are continuing our commitment to providing our customers with a choice of solutions, thereby enhancing their banking experience with HBL.  The launch of Car Loan will provide our customers with the opportunity of financing the purchase of new and pre-owned vehicles quickly and easily. I believe our competitive interest rates, loan amount and flexible terms will prove extremely popular.”