Soneri Mustaqeem Car Finance
You can now become the owner of a brand new locally assembled/manufactured car through Soneri Mustaqeem Shari’ah Complaint Car Finance facility. This product is ideal for individuals who want to get interest-free financing for acquiring locally manufactured /assembled vehicles.
Soneri Mustaqeem Car Finance works through a car rental agreement, under which the Bank purchases the car and rents it out to the customer for a period of 1 to 5 years, agreed at the time of the contract. Upon completion of the Finance period, the vehicle will be sold at a token amount or gifted to the customer.
Key Features
| Financing Amount :
Minimum 250,000 Maximum Rs. 3,000,000 Pricing : 1-Year KIBOR plus Bank Margin Security Deposit : Minimum 30% Tenure : 1 Year Max. 5 Years Debt Burden : 40% Age requirement : Minimum Age of 20 years at the time of application Maximum Age at Maturity i. 60 years for salaried and Foreign Remittance ii. 70 years for other segments Minimum income requirement : Rs.25,000/- For Foreign remittance beneficiaries, minimum PKR 100,000 per month |
Note:
Kindly refer relevant product KFS/ Islamic SOC for updated product features/ facilities.
For further details, please call our 24/7 helpline 021-111-SONERI (766374).
*Subject to change from time to time.
Benefits
- Fast and hassle-free application processing
- Zero processing fee on declined application
- Registration in Customer’s name
- Early Settlement & Balloon Payment options
- Option of Used Car is also available
- Customer Share is required once Financing is approved