Sindh Bank offers a complete support solution to help you have the car of your dreams with a modest markup and insurance fees. Anyone and everyone with the maximum age of 21 who earns an adequate income of RS35000 per month can apply for this scheme. Sindh Bank also offers the option to choose to finance a second or third car.
Sindh Bank Auto Finance Features
1. Facilitation mode: delivery and booking modes ready
2. Loan size: at Rs. 5 up to a maximum of Rs. 15 million
3. Financing tenor: Minimum 1 year to maximum 7 years (for new and locally manufactured)
4. Processing fee: Rs. 5000 / = without tax
5. Tracker / Insurance Charges: As Actual
6. Imported car: At the time of financing, the imported car must not be more than 3 years old
7. Co-Borrower: Spouse / Parents / Child / Real Brother
8. Minimum equity: Minimum 15% for new vehicles manufactured locally. Minimum 25% for imported vehicles.
9. Debt burden: 50% of the debt burden of net disposable income
10. Payment method: direct debit or cash payment directly deposited in the payment account and PDC
11. Age – Salaried persons: Minimum 21 years to a maximum of 60 years at the time of maturity.
12. Minimum salary: Rs. 35,000 net take-home reflected in the bank statement
13. Age: entrepreneurs / self-employed: minimum 21 years to maximum 65 years at the time of expiration
14. Income Determination: Minimum Average Balance of Rs. 50,000 / = for six months
15. Business status: minimum 3 years in current business
Sindh Bank Auto Loan Scheme Documents Required
Ø Copy of the CNIC
Ø 2 recent passport size photographs
Ø Bank statement (6 months to 1 year)
Ø Pay stub / proof of business activity or other documents
How To Apply For Sindh Bank Auto Loan?
Visit to the nearest Sindh Bank branch or Contact Through the given information given below:
Address: Head Office 3rd Floor, Federation House Abdullah Shah Ghazi Road, Clifton, Karachi – 75600
Mob No: 0800-33322
Phone No: + 92-21- 111-333-225