JS Kamyab Jawan Business Loans - Master Motors
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JS Bank brings an exciting opportunity for potential customers of Master Motors Corporation (Private) Limited through the JS Kamyab Jawan Youth Entrepreneurship Scheme which aims at extending financing to potential customers to purchase locally manufactured Commercial Vehicles by providing subsidized loans at the lowest mark-up and convenient terms.
Prime Minister's Kamyab Jawan Youth Entrepreneurship Scheme
Prime Minister's Kamyab Jawan Youth Entrepreneurship Scheme (PMYES) is an initiative launched by the Government of Pakistan to support youth in pursuit of establishing or expanding their businesses. The scheme provides self-employment opportunities to the deserving youth.
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Product Features of PMYES
Loan Limits and Pricing:|
Tier 2 |
Tier 3 |
|
|---|---|---|
|
Minimum Financing Limit |
PKR 1,000,001 |
PKR 10,000,001 |
|
Maximum Financing Limit |
PKR 10,000,000 |
PKR 25,000,000 |
|
Pricing |
Fixed at 4% p.a. |
Fixed at 5% p.a. |
- All men/women holding CNIC, aged between 21 and 45 years, with entrepreneurial potential are eligible
- Clean credit history and no active loans
- Must be a potential customer of commercial vehicles manufactured by Master Motors Corporation (Private) Limited
- Referral Letter from Master Motors Corporation (Private) Limited
- Must intend on utilizing the loan to purchase commercial vehicle from Master Motors Corporation (Private) Limited
Step 1: Customer to visit JS Bank or Master Motors’s Dealership
Step 2: After eligibility check Master Motors to forward applicant details to JS Bank
Step 3: JS Bank staff to contact applicant and schedule appointment for application processing
Legal Documentation Charges: At Actual
Insurance & Tracker Charges: At Actual
Any other Charges: As per SOC
Customers are required to deposit monthly payments as per their schedule into their JS Bank current accounts. Failure to do so may result in legal recourse.
For further details contact JS Bank Helpline 111-654-321 or your nearest Master Motors Dealership