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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.

PKR
500,000
PKR
50,000
Years
5
Years
1
Down Payment
30
Percentage
0
Your Monthly Payments
PKR
13,340
Insurance Rate
1.40%
Markup Rate
21.5%
Your MONTHLY PAYMENT WILL BE JUST
PKR 13669
NUMBER OF PAYMENTS
240
TOTAL INTEREST
PKR 152000
TOTAL COST OF LOAN
PKR 48000

Advance Payments

Down Payment
PKR 16730
First Year Insurance *
PKR 1730
First Year Tracker *
PKR 1730
Processing fee
As per SOC
Total
PKR 16730

Loan Amount

Up to Rs.3,000,000/-

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

  • 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.

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