Car financing is based on the Islamic structure of “declining Musharakah”. Musharakah decline is a form of co-ownership in which the Bank and the client share joint ownership of a tangible asset (for example, a car) in an agreed ratio. It is agreed that one of the co-owners (customer) will purchase, in periodic installments, the participation of the other co-owner (Bank) until ownership of that tangible asset is fully transferred to the buyer co-owner (customer). So by that concept get up to 2.5 Million Rupees for free personal accidental coverage and own a new car with lowest takaful rates
Standard Chartered Bank Pakistan Saadiq Car Finance Benefits
1. Enjoy 7 years of fixed rental rate
2. Get up to PKR 2.5M free personal accidental coverage
3. Avail Lowest takaful rates
4. Standard Chartered Bank Pakistan Saadiq Car Finance Features 2021
5. Financing solution to help you buy your new car.
6. Avail financing to buy a used car.
7. Transfer your existing facility from other banks to SCBPL.
8. Shariah compliant financing solution to help you buy imported cars.
9. Finance up to PKR 7.5 million.
10. Both fixed and floating options available.
11. Financing available with a range of repayment options from 1-7 years.
Standard Chartered Bank Pakistan Saadiq Car Finance Eligibility & Documents Required
1. Nationality: Pakistani
2. Cities: Karachi, Lahore, Islamabad/Rawalpindi
3. Age: 21 Years to 60 Years (Salaried) & 65 Years (Self-Employed)
4. Income: PKR 100,000
5. Copy of Valid CNIC
6. Salary Slip/ Bank Statement*
7. Vehicle Quotation
Standard Chartered Bank Pakistan Saadiq Car Finance Pricing
Standard Chartered Bank Pakistan Saadiq Car Finance Calculator
For information on Standard Chartered Bank Car loans, use this Car loan calculator to review the features and application requirements. https://www.sc.com/pk/saadiq/saadiq-auto-finance/?subchancode=ibpc6p3pk
Standard Chartered Bank Pakistan Saadiq Car Finance Online Apply
Fill the form present in the link, standard chartered bank staff will call you back for more detail and information https://www.sc.com/pk/saadiq/saadiq-auto-finance/apply/step/basic_data
Standard Chartered Bank Pakistan Saadiq Car Finance Contact Information
> Call the hotline for further information. 111 002 002
> Click a link to locate SCB branches https://www.sc.com/pk/atm-branch-locator/