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Friday, 18th April 2014  
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ASK 4 CAR
Features Details
Product Type: Financing for New & Used Vehicles.
New Vehicles:  
Mark-up: 15% p.a for 3 Years, 16% p.a for 4 Years, 17% p.a for 5 Years & 18% p.a more then 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).
   
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