The Roshan Apni Car scheme is a new facility that allows overseas Pakistanis to buy cars for their families in Pakistan at lower rates.
This initiative is designed to make car financing easier, faster, and more affordable through digital banking.
If you are living abroad and want to gift a car to your loved ones in Pakistan, here is a simple guide to help you understand and apply for this scheme.
What is the Roshan Apni Car Scheme?
The Roshan Apni Car scheme is launched by the State Bank of Pakistan in collaboration with private banks. It is available for overseas Pakistanis who have a Roshan Digital Account.
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This scheme allows you to finance and send a car to Pakistan with lower interest rates and faster delivery.
Key Benefits of the Scheme
Lower Financing Rates
You can get car financing at below-market rates, with insurance starting as low as 1.4%.
Shariah-Compliant Options
Both Islamic and conventional financing options are available.
Flexible Payment Plans
- Loan duration: 2 to 7 years
- Finance up to 3 vehicles
Faster Car Delivery
Cars are delivered up to 50% faster than usual market waiting times.
Step-by-Step: How to Apply
Step 1: Open a Roshan Digital Account
If you don’t already have one, open a Roshan Digital Account through a Pakistani bank online.
Step 2: Choose Your Bank
Select a participating bank offering the Roshan Apni Car facility.
Step 3: Apply Online
- Log in to your bank’s online portal
- Fill out the car financing application
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- Upload required documents
The process is fully digital, so no physical paperwork is needed.
Step 4: Wait for Approval
- Loan approvals are usually completed within 4 days
- Once approved, your car booking process begins
Financing Options Explained
Floating Rate
- Lien-Based:
- Your deposit or investment is used as security
- Rate = SBP Floor Rate + 1%
- Non-Lien Based:
- No deposit is held as security
- Rate = 6-month KIBOR + 1%
Fixed Rate
The interest rate stays fixed for the entire loan period and is determined at the start based on the bank’s Cost of Deposits (COD) or Pakistan Revaluation (PKRV) rates.
About Roshan Apni Car scheme
Pakistan introduced the Roshan Digital Account to attract foreign remittances and make banking easier for overseas Pakistanis.
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With the launch of Roshan Apni Car, the government aims to further support the diaspora by offering convenient financial solutions.
This scheme not only helps families in Pakistan but also strengthens economic ties between overseas Pakistanis and their home country.
