Individuals and Entrepreneurs, who are self-employed, providing services or doing business and wish to own a new or used (up to maximum 03 years old vehicle) local or imported commercial vehicle for business use as well as for rental income generating activities.
- Minimum Rs. 50,000/-
- Maximum Rs.1,000,000/-
From 01 year to 07 Years
- Copy of valid Computerized National Identity Card (CNIC) or Smart CNIC
- 1 recent passport size photograph of the Customer
- Copy of Valid Driving License of Customer
- 2 references with their CNIC copies and Contact details
- Quotations from 03 reputable dealers of the locality for used/imported vehicle.
- Price List of Manufacturer of Vehicle
- Proof of Business/Undertaking for running business for self-employed persons
- A copy of latest paid utility bill of business place or residence.
- 6 months’ personal account statement in case of self-employed/services or any other proof of business transactions (if available).
The microenterprises loan is offered against following securities:
- Hire Purchase over the leased Vehicle duly insured with Tracker
- Post Dated Cheques
|Product Name||Down Payment||New Markup Rate|
|Commercial Vehicle Loan||0%||21.46%|
|30% & Above||13%|