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First Islamic Microfinance Company Limited

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Auto & Household Loan | Service Detail
Consumer Finance

Auto & Household Loan

Financing for a vehicle purchase or household needs — from furnishings to essential repairs — with straightforward eligibility and fixed instalments you can plan around.

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Why This Loan

One straightforward facility, two everyday needs

Three things make this a simpler option than juggling separate financing.

Fixed instalments

A set monthly amount for the full tenure, so repayment is predictable from the first instalment to the last.

Vehicle or household needs

Use it for a car purchase, furnishings, essential repairs, or any genuine household expense under one facility.

Straightforward eligibility

Basic income and identity documentation is enough to get an assessment started — no lengthy paperwork trail.

How It Works

Four steps, start to disbursement

1

Choose loan type & amount

Tell us whether it's for a vehicle or household need, and how much financing you're looking for.

2

Submit documents

Basic income proof, identity documents and, for auto loans, the vehicle quotation are reviewed.

3

Approval & agreement

Once approved, loan amount, tenure and instalment schedule are confirmed and signed off.

4

Disbursement

Funds are released — directly to the dealer for auto loans, or to your account for household needs.

Eligibility

What we look for before approving the loan

  • Stable, verifiable income — salaried or self-employed — sufficient to support the instalment amount.
  • Minimum age and residency requirements met, with valid national identity documentation.
  • Recent bank statements or salary slips to support the income declared.
Note: Loan amount and tenure depend on income and the purpose of financing. A down payment may apply for auto loans.

Common Questions

Before you apply

Yes, most auto loans require a minimum down payment; the exact percentage depends on the vehicle value and approved tenure.
Tenure varies by loan purpose and amount; auto loans typically run longer than smaller household financing lines.
Early settlement is possible; any applicable early-settlement terms are confirmed at the time of agreement.

Ready to finance your next purchase?

Tell us what you need financed — we'll confirm the loan amount and instalment plan that fits.

Start Your Application

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