Vehicle Loan

The customer can have the vehicle for the purpose of his business and domestic needs.

Margin money 25% of the quotation value to be paid by the customer and the Bank will provide for the rest 75% of the quotation value.
In case of second-hand vehicle, the bank will assist up to 50% of the amount quoted in valuator's report.
The customers will have to hypothecate the vehicle; in case of a second hand vehicle, a collateral security is necessary.
Collateral security documents (Open site or building)

Registered title deed - Original

1. Previous title deed - original/certified copy/photocopy.
2. Municipal endorsement transferring khata-original
3. Municipal khata extract for 16 years original
4. Tax paid receipt for the current year-original.
5. Encumbrance certificate for 16 years.