Recently I was looking to get a car leased, I found the loan calculator on Pakwheels.com and I was happy to find an auto loan calculator there. This provides complete information on car financing and calculation of auto loans. It also lists different banks in Pakistan.

Earlier, auto loan applicants visited banks to obtain details about procedures and rules pertaining to auto loans. The other scenario was that representatives of banks and leasing companies visited the prospective applicants and made the calculations for them. Now the loan-calculating application on Pakwheels.com provides users with the required information simply by visiting the web portal. They can now get accurate information about the processing fee, down payment, insurance rates, estimated monthly installments, total initial deposit and yearly installment plans, etc.

It is encouraging to know that a local company is helping the common man through information technology.

MUNEEB MALIK,

Karachi, August 13.