Product Features
Processing Fee & Charges - As per Bank’s updated SOC
Debt Burden is capped at 40%
Financing Amount - Up to PKR 3.0 Million (Above 1000cc)
Financing Tenure: Up to 5 years (Below 1000cc)
Up to 3 Years (Above 1000cc)
Down Payment: Minimum 30% of cost of the vehicle
Markup Floating: 1 YK + spread
- Pakistani national
- Experience:
- Salaried Permanent employees: 6-month employment
- Contractual employees: Minimum 1 year employment with the present employer
- Age:
- Salaried: Min: 21, Max: 65 years or retirement age whichever comes first at the time of completion of the financing tenure.
- Self Employed: Min: 21, Max: 70 years at the completion of the financing tenure
- Monthly Income:
- Self Employed/Businessman: Min. average balance: Rs. 100,000 over the last six months
- Salaried Permanent Employees: Minimum Rs. 50,000 per month net take-home salary
- Contractual Employees: Minimum Rs. 75,000 per month net take-home salary
- Satisfactory credit history of existing bank borrowings
- Financial ability to afford and repay finance