🚗 Halal Car Financing – 0% Interest (100% Halal)

Interest (Riba) is prohibited in Islam. OurAuto provides transparent and ethical vehicle financing with NO INTEREST.

📖 Islamic Principle

Allah (SWT) says in the Qur’an:

“O you who believe! Fear Allah and give up what remains due to you of interest, if you are true believers.”

Surah Al-Baqarah (2:275-279)

Islam encourages fair trade and discourages interest-based transactions that create long-term debt.

⭐ Key Financing Terms

Financing Type: Short-term halal financing

Minimum Down Payment: 50% – 70%

Installment Period: 4 – 7 months

Processing Fee: $250 (non-refundable)

Interest: 0% (100% Halal)

Approval: Possible within 1 minute if eligible

🛡 Fair Payment Policy

  • No interest
  • No penalty for early payment
  • No penalty for late payment
  • Transparent agreement

⚠ Default Policy

If two consecutive payments are missed, the vehicle may be repossessed according to the financing agreement.

📋 Approval Requirements

  • Income verification
  • Valid ID
  • Ability to pay installments
  • Guarantor may be required
OurAuto - Halal Car Loan Application

🚗 OurAuto

Halal Car Loan Application - No Interest, Sharia Compliant

👤 Personal Information

💼 Employment Information

🤝 Guarantor Information

Required if you don't have sufficient income

💰 Processing Fee Agreement

📧 Payment Instructions

Please e-transfer the application fee to:

$250 CAD

info@ourauto.cc

📋 Required Documents

Upon approval, you will need to submit:

  • Driver's License
  • Bank Direct Deposit Form
  • Credit Card Information
  • Consent for Auto Withdrawal
  • Comprehensive Insurance PinkCard, or Bring a Qualified Guarantor
  • Lien will be removed upon paid off
📎 Accepted formats: PDF, JPG, JPEG, PNG

⚠️ Important Disclosures

  • Your application may be denied if you fail to submit required documents or misinterpret anything. The application fee is non-refundable.
  • There is no interest, and no bank is involved anywhere. However, if you miss two consecutive payments, your account will be reported to the credit bureau, and the vehicle will be repossesse. You have full consent on repossession.
  • You may receive a refund (or balance owed) based on the resale value and remaining loan balance.
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