Bank of Khyber offer foree car loan to desired person who have low income. The procedure of foree car loan is an easy and hassle free for the foree car beneficiaries. The customers can receive their car remittance with free of any charges or taxes, complete peace of mind, and be able to withdraw their funds within Pakistan through cheque book or any ATM.
Scheme Name:
· Bank of Khyber “Foree Car” Finance
Eligibility Criteria For Car Loan
· Having valid Computerized National Identity Card (CNIC)
· Age limit for this finance is 21 to 55 years for employed person and 21 to 60 years for businessman.
· Minimum 3 years in business/service.
· Minimum monthly Income will be eighteen thousand only (PKR 18,000/-).
· Minimum Down Payment twenty percent (20%) of Invoice Value.
Target Customers:
All Salaried employees of government, semi government, autonomous bodies, either in national/ multinational companies and also fixed term employees of UN agencies & foreign embassies
Self-employed Professionals & Businessmen.
Loan Amount:
The loan amount will be maximum up to PKR 2.5 million
Repayment Period of Loan:
The repayment period will be maximum up to five (5) years.
khyber bank car loan Benefits
- · The compulsory life & the insurance of vehicle.
- · The imported non-registered of vehicle can also be financed as per the requirement of SBP PRs.
- · The vehicle which have Joint Registration.
- · The Pre-mature & Partial adjustments allowed.
- · The loan is also available in Islamic mode of financing.
How To Apply For Car Loan
Interested candidates should go to their nearest Khyber Bank and fill up the form and submit it along with necessary documents. In case of loan approval, the bank will call the customer.