Product Description

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 commercial vehicle for business use as well as for rental income generating activities.

Loan Eligibility Criteria

  • Age between 18-63 years
  • Business experience of minimum of 1 Years required
  • Holding valid CNIC/SNIC
  • Not defaulter of any financial institutions & Public Utilities.
  • Residing or working in launching cities for at least 1 year in case of owned residence or Min. 02 years

Loan Amount

  • Up to Rs.3,000,000/-

Down Payment

  • For new: 0% - 50%
  • For used: 25% - 50%

Loan Tenure

  • Up to 1,000 CC: 1-7 Years
  • Above 1,000 CC: 1-10 Years

Basic Documentations

  • 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).

Security

  • Hire Purchase over the leased Vehicle duly insured with Tracker
  • Post Dated Cheques

Pricing

As per SOC

Note:

*Terms & conditions applicable.

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Products & Services

Whether you have small business, repaying your loans or sharing the gift of life. We take care of all!..
چاہے آپ کے پاس چھوٹے کاروبار ہیں، اپنے قرضے کی ادائیگی یا اشتراک کرنا زندگی کا تحفہ ہو. ہم سب کی دیکھ بھال کرتے ہیں ..

 

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