MCB Bank’s Car4U Roshan Apni Car Scheme is designed for overseas Pakistanis and Roshan Digital Account holders to easily finance new and used vehicles in Pakistan. This scheme provides convenient car financing options, low-interest rates, and flexible installment plans tailored to your financial needs. If you are planning to buy a car in 2025, this guide will cover MCB car4u Roshan Apni Car Scheme interest rate, online application process, installment plans, and calculator options.
Eligibility Criteria
MCB offers two types of car financing under this scheme: Lien-Based and Non-Lien Based. Each has its own requirements:
Lien-Based Eligibility
- Must be an existing MCB Roshan Digital Accountholder.
- Have invested in Naya Pakistan Certificates or maintained a deposit in your Roshan Digital Account.
- No additional documentation is required.
Non-Lien Based Eligibility
- Must be an MCB Roshan Digital Accountholder who is salaried or a self-employed businessman.
- Must make regular remittances from abroad.
- Minimum age: 22 years, Maximum age at loan maturity: 60 years.
- Minimum 15% equity is required.
- Minimum net monthly income:
- Employed in Gulf countries: DHS 6,500/-
- Employed in non-Gulf countries: USD 2,500/-
Minimum Documentation
Lien-Based
- No additional documentation is required for existing Roshan Digital Account holders.
Non-Lien Based
- 6 months bank statement
- Evidence of income as per the indicative list of documents
(Note: Income proof is not required if applied within 6 months of RDA opening.)
Features of MCB Car4U Roshan Apni Car Scheme
General Features
- Finance all types of private vehicles, both new local-assembled and used cars.
- A nominee in Pakistan is required, which can include a spouse or close blood relatives.
- Monthly installments are paid from your Roshan Digital Account.
Lien-Based Features
- Loan amount can be up to the vehicle price or 100% of Naya Pakistan Certificate / Roshan Digital Account balance, whichever is lower.
- Lien is placed against Naya Pakistan Certificate or Roshan Digital Account balance.
- Loan tenure: up to 7 years or maturity of Naya Pakistan Certificate, whichever is lower.
- Option to finance up to 3 vehicles.
Non-Lien Based Features
- Maximum loan amount: PKR 10 Million
- Loan tenure: up to 7 years
- Option to finance up to 2 vehicles
Special Conveniences
Both Lien-Based and Non-Lien Based loans offer:
- Extremely low markup rates
- Special insurance rates with value-added services
- Priority car delivery
- Tailored car financing solutions
- Quick processing with visibility at every step
Lien-Based Loan Approval Relaxation
- No age limit
- No income proof required
- No down payment required
- No credit history required
Disclaimer: Market conditions and production issues may delay vehicle delivery. Any price increase at the time of delivery will apply.
Markup and Insurance Rates
| Feature | Rate/Details |
|---|---|
| Insurance Rate | Please Click here to view |
| Lien-Based Markup | Floating – SBP Floor* + 1% |
| Non-Lien Based Markup | 1 Year KIBOR** + 1% |
* SBP Overnight Repo (Floor) Rate
** Karachi Inter-bank Offer Rate
Note: PKRV implies the relevant tenor PKRV revaluation rate as per the average of the previous calendar month.
MCB Car Installment Plan 2025
MCB Bank provides flexible installment plans to suit your budget. Monthly payments are directly deducted from your Roshan Digital Account, and tenure can range from 1 year up to 7 years, depending on the scheme type and loan amount.
MCB Car4U Roshan Apni Car Scheme Calculator
- Use the online calculator on the MCB Bank website to estimate your monthly installments, interest rate, and total payment before applying.
- It helps you plan your finances for both Lien-Based and Non-Lien Based car loans.
How to Apply for MCB Car4U Roshan Apni Car Scheme Online
- Visit the MCB Bank official website.
- Navigate to Roshan Apni Car Scheme under the car financing section.
- Choose your loan type – Lien-Based or Non-Lien Based.
- Fill out the online application form with personal details, income proof, and nominee information.
- Submit the required documents online (if applicable).
- Track your application status directly through your Roshan Digital Account.
MCB Bank Car on Instalment – PDF Download
MCB Bank allows you to download the car installment plan PDF for 2024 and 2025. It includes:
- Detailed installment schedule
- Interest rates and tenure options
- Lien-Based and Non-Lien Based comparison
- Special terms and conditions
You can use this PDF to plan your car purchase and calculate total financing costs.
FAQs About MCB Car4U Roshan Apni Car Scheme
Q1: Can I finance a used car under this scheme?
Yes, both new and used cars are eligible for financing under MCB Car4U Roshan Apni Car Scheme.
Q2: What is the maximum loan amount for non-lien based applicants?
The maximum loan amount is PKR 10 Million.
Q3: Do I need a nominee in Pakistan?
Yes, a nominee in Pakistan is required, such as a spouse, parent, sibling, or child.
Q4: How can I calculate my monthly installments?
You can use the MCB online car loan calculator to estimate monthly installments based on loan amount, tenure, and markup rate.
Q5: Is credit history required for lien-based loans?
No, credit history is not required for lien-based loans.
Conclusion
The MCB Car4U Roshan Apni Car Scheme is a convenient, flexible, and low-interest financing option for Roshan Digital Account holders. Whether you want a new or used car, this scheme provides easy access, priority delivery, and flexible installment plans. Using the online calculator and PDF installment schedule, you can plan your vehicle purchase efficiently.
