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JS / JS Bike Financing

Product Features

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Processing Fee & Charges - As per Bank’s updated SOC

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Financing Amount - Minimum PKR 300,000 up to Maximum PKR 3 million

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Financing Tenure: Between 1 to 3 Years vehicles above 1000cc.
Between 1 to 5 Years vehicles under 1000cc

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Down Payment: Lowest down payment (as low as 30%)

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Co-Borrower, Insurance and Tracker Facility

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Floating Markup: 1 YK + spread

  • Pakistani National
  • Experience:
    • Salaried Permanent Employees: 6-month employment
  • Age:
    • Minimum 21 Years
    • Maximum 60 or retirement
  • Debt Burden is capped at 40%
  • Monthly Income:
    • Self Employed/Businessman: Minimum average balance: Rs. 100,000 per month
    • Salaried Permanent Employees: Minimum Rs. 50,000 gross per month
    • Contractual Employees: Minimum Rs. 50,000 gross per month
  • Satisfactory credit history of existing bank borrowings
  • Financial ability to afford and repay finance

Q. What is bike finance in Pakistan?

Bike finance in Pakistan is a banking facility that allows customers to purchase a motorbike through installment-based payments. Instead of paying the full cost upfront, the bank finances the purchase and the customer repays the amount over an agreed period.

Q. Can I buy a bike on installment from a bank?

Yes, customers can buy a bike on installment from a bank through facilities like JS Bank Bike Financing. This allows individuals to own a motorbike while managing payments through structured monthly installments under regulated banking terms.

Q. Is JS Bank bike loan a bank-backed facility?

Yes, JS Bank Bike Financing is a fully bank-backed bike loan facility. It is offered under JS Bank’s consumer finance framework, ensuring transparency, security, and compliance with banking regulations.

Q. When are the processing charges applied?

Processing Fee will be required to pay when the document/application is approved. 1000PKR will be required upfront.

Q. What is the current Pricing mechanism for Bike Finance?

“KIBOR”+ Margin the Pricing is revised after twelve months (12) from the date of contract.

Q. What is the minimum and maximum financing limit available for Bike Finance?

PKR 100,000 – PKR 3 million.

Q. Who can apply for Bike Finance facility?

Salaried individual, Self Employed Professional (SEP), Self Employed Businessman (SEB).

Q. What is the minimum and maximum Age Criteria for Bike Finance?

21-65 years for SEB/SEP, 21-60 years for Salaried.

Q. Minimum Income Criteria for Bike Finance is?

Minimum net income required is Rs 50,000/-.

Q. What is the Minimum Customer’s contribution required of Bike price?

30% of the bike price is the minimum customer’s contribution required.

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