| Salient Features of BOP Fleet Financing |
| Purpose |
Lease/financing for commercial / semi commercial vehicles used for Agri purposes. |
| Eligibility Criteria |
Businesses should be operating in Pakistan for at least three years.
The business and sponsor(s) must comply with BOP and applicable regulatory policies.
Legal Entity Status (individuals for business purposes/ sole-proprietorship, partnership, proprietorship, or company).
Clean ECIB.
|
| Age Requirement |
Age should be between 21- 65 |
| Target Market |
Individuals for Business Purposes/Sole-proprietorship.
Partnership.
Public Limited Company.
Private Limited company.
NGOs/Trust.
Federal and provincial governments, their allied departments, corporations & companies etc.
Any statutory body constituted under the law.
Any person eligible as per SBP prudential regulation. |
Loan Size |
| Market Segment |
MINIMUM |
MAXIMUM |
| SE/Agri Individuals |
Rs.500,000/- |
Rs. 15,000,000 for SE Agri
|
| ME/Agri other than Individuals |
Rs.500,000/- |
Rs. 20,000,000 for ME-Agri
|
| Commercial/corporate/Agri other than individuals |
Rs.500,000/- |
Rs.30,000,000 for commercial/corporate Agri
|
|
| Loan Tenor |
For ACD: Minimum 1 year and maximum 10 years |
Lease Key Money |
| Market Segment |
Local Vehicles |
Imported/used vehicles |
| SE/Agri Individuals |
10% |
20% |
| ME/Agri other than individuals |
10% |
15% |
| Corporate/Agri other than individuals |
Zero |
10% |
|
| Pricing |
For Agri Customers
1 Year KIBOR (offer rate) + 4% to 6% p.a. (Agri)
|
| Security Requirement |
As per banks’ policy |
| Insurance & Tracker Cost |
Actual (To be paid by Lessee) |
| Processing Fee(Non-refundable) |
As per SOC |