| ASK 4 CAR |
| Features |
Details |
| Product Type: |
Financing for New & Used Vehicles. |
| New Vehicles: |
|
| Mark-up: |
18% p.a for 3 Years, 19% p.a for 4 Years & 20% p.a for 5 Years. |
| Down Payment: |
Minimum 15% & Maximum 60%. |
| Charges: |
As Per "Schedule of Bank Charges". |
| Insurance: |
Built in Insurance. |
| Used Vehicles: |
|
| Mark-up: |
20% p.a for 3 Years, 21% p.a for 4 Years. |
| Down Payment: |
Minimum 30% & Maximum 60%. |
| Charges: |
As Per "Schedule of Bank Charges". |
| Insurance: |
Built in Insurance. |
| Makes: |
Suzuki, Honda, Toyota & Hyundai (Please note 800 CC used vehicles are not allowed). |
| Vehicle Age: |
Year of manufacturing not older than 5 years at the time of loan. |
| Ownership Status: |
Third Registration in the name of AKBL (Registration in the cities where Askari Branches are located). |
| Documentation: |
1. Standard Finance Documents. |
| 2. Other Mandatory Documents. |
| 3. 15 Report (Police Clearance Report). |
| 4. Evaluation Report by approved surveyors. |
| 5. Fresh Vehicle ownership certificate from ETO prior to transfer in the name of AKBL. |
| Standard Financing Documents |
1. Completely filled signed Application. |
| 2. Clear Attested photocopy of CNIC of applicant & references. |
| 3. Attested Photograph. |
| 4. PTCL Bill or Utility bill relevant with the address mentioned on application. |
| 5. Post dated cheques. |
| 6. One Year bank statement. |
| 7. Specimen Signature card verified by the bank. |
| 8. Undertaking on signature if signature differs from CNIC. |
| 9. Latest Salary slip. |
| 10. Proof of business & other income. |
| 11. NTN certificate (optional). |
| 12. Bank letter for proprietorship. |
| 13.Wealth statement required in case of financing of 1.5 M & above. |
| 14. Partnership deed (if applicable). |
| 15. Verified CNIC of the guarantor. |
| 16. Guarantor Net worth Statement (optional). |
