JS / JS CarAamad Bike Financing

Product Features

  • Pakistani National
  • Experience:
    • Salaried Permanent Employees: 6-month employment
  • Age:
    • Minimum 21 Years
    • Maximum 60 (At the completion of the financing tenure)
  • Debt Burden is capped at 40%
  • Monthly Income:
    • Self Employed/Businessman: Minimum average balance: Rs. 100,000 over last six months
    • Salaried Permanent Employees: Minimum Rs. 50,000 per month net take home salary
  • Satisfactory credit history of existing bank borrowings
  • Financial ability to afford and repay finance

Q. When are the processing charges applied?

A. 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 Auto Finance?

A. “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 Auto Finance?

A. Rs 300K-Rs 3 million.

Q. Which of the following types of Cars can be financed for Auto Finance?

A. New, Used, Imported/Reconditioned Cars.

Q. Who can apply for Auto Finance facility?

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

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

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

Q. Minimum Income Criteria for Auto Finance is

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

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

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

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