Interest-Free Monthly Installments Bank Islami Pakistan Limited provides facilities like hassle-free auto financing for all locally manufactured new and used vehicles to provide convenience to all Pakistani customers, the bank has introduced an interest-free monthly instalments option. From which he said that ownership is easy and free from all kinds of problems
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Auto financing facilities allow customers to choose from a wide range of locally manufactured vehicles, both new and used, whether you’re looking at the latest models or well-maintained pre-owned vehicles. Bank Islami has prescribed all the procedures for the vehicles
Bank Islami offers flexible tenure options to meet various needs. Customers can choose a finance tenure of one to five years for vehicles with a 1,000 cc engine capacity. For vehicles above 1000 cc engine capacity, the period can be from one year to three years
Financing Options for Locally Manufactured New/Used Vehicles
Customers can avail of auto financing with a commission of a minimum of 30% and a maximum of 90%. The amount of financing ranges from a minimum of Rs. 50 thousand to a maximum of Rs. 3 lahks. The bank is a bank that believes in Islamic transparency and simplicity. Requires pre-charger. Three million 10 visas for financing up to Rs.10, and the processing fee amount is Rs.6300 per car, which is very low.
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Tracker Installation and Takaful Coverage
Customers can avail of auto financing with a commission of a minimum of 30% and a maximum of 90%. The amount of financing ranges from a minimum of Rs. 50 thousand to a maximum of Rs. 3 lahks. The bank is a bank that believes in Islamic transparency and simplicity. Requires pre-charger. Three million 10 visas for financing up to Rs.10, and the processing fee amount is Rs.63,100 per car, which is very low.
How Diminishing Musharakah Auto Financing Works
There are three main steps involved in reducing crowdfunding. In the creation of the partnership, the bank and GAC want to own the vehicle jointly, and the bank’s ownership share is divided into mushaira units, a process. Leasehold Transactions The bank promises to rent out a share of its property to the owner subject to periodic rental payments, which obligates the owner to repay the principal amount.
Mushaira is the sale of units by unit. The customer buys Bank Islami’s share in the units over time until he becomes the sole owner of the vehicle at the end of the finance period.
Simple Documentation Requirements for Salaried and Self-Employed Professionals
Interest-Free Monthly Installments Salaried persons will get filled and stamped application form SBP 100 form along with six months’ salary slips from the bank. Application Form 100 Breaking Form of SBP with Salary Credit Up to Six Months Bank Statement of Current Salary CNIC Clear Copy of Identity Card etc. and Application Submission Fee which is Rs.1500 Businessman Self Employed One Annual Bank Statement Proprietorship Partnership Deed Shareholding Proof 10 Letter Sample Form Include clear and visible copy of Identity Card etc.