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
- Up to Rs.3,000,000/-
- For new: 0% - 50%
- For used: 25% - 50%
- Up to 1,000 CC: 1-7 Years
- Above 1,000 CC: 1-10 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).
- Hire Purchase over the leased Vehicle duly insured with Tracker
- Post Dated Cheques
As per SOC
*Terms & conditions applicable.