| Approved Commercial Vehicles |
All Commercial & Semi Commercials (Light Commercial) vehicles for Agricultural use. |
| Tenure |
01 to 05 Years |
| Eligibility Criteria |
- All individuals, small enterprises, medium enterprises, corporate entities and organizations complying with SME and Corporate/commercial/agricultural banking PRs of SBP shall be eligible.
- Age should be between 21- 65 ( Max. 65 years at maturity)
- Should not have write off history
|
| Markup Rate |
One Year KIBOR+ 5% p.a.Rate will be revised after one year. |
| Equity/LKM |
Business Categories
| LKM |
| SE/Agri Individual | 20% |
| ME/ Agri Other than individual | 15% |
| Corporate/ Agri Other than Individual | 10% |
| Repayment |
Monthly |
| Securities: |
- Registration of vehicle in the name of bank
- Vehicle will be insured throughout the lease period.
|
| Processing Fee including FED (Non-refundable) |
Rs. 5,000 per Vehicle.(The bank will not charge for ECIBs, Nadra Verisys and cost of Charge documents) |
| Insurance & Tracker Cost |
Actual (to be paid by lessee) |
| Down Payment |
LKM + Processing fee+ insurance Premium of 1st year & Registration charges (At Actual) |
| Frequently Asked Questions (FAQs)? |
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