Askari Bank Car Finance offer 2020
Askari Bank Introduce New Car Finance Scheme for their Customers in this year. The Name of this offer is ask 4 Car. Askari Bank Ltd is a commercial and retail bank in Pakistan It was founded on October 9, 1991, as a Public Limited Company. On June 21, 2013 the bank was acquired by Fauji Group.
Askari Bank Ask 4 Car offer 2020:
Askari Bank is Financing for new, used and imported vehicles.
New: 1 to 7 years
Used: Used vehicles should not be older than 5 years and the age of the vehicle should not exceed 8 years at the time of maturity of loan
Imported: In case of imported vehicles, the bank shall not finance the vehicles older than 5 years.
Askari Bank Ltd Declares PLS Profit Rates
The Bank has declared the following profit rates on PLS Deposits for half yearly ended June 30,2020.
w.e.f Jan 01, 2020 |
w.e.f Feb 01, 2020 |
w.ei Mar 24, 2020 |
w.e.f Mar 26, 2020 |
we.f Apr 01. 2020 |
w.ei Apr 20, 2020 |
w.e.f May 01, 2020 |
w*.f May 20, 2020 |
w.ei June 01, 2020 |
|
Rate p.a.% | |||||||||
Saving Deposits | |||||||||
Saving Account | 11.25 | 11.25 | 11.25 | 11.25 | 9.50 | 9.50 | 7.50 | 7.50 | 6.50 |
Askari Asaan Account | 1125 | 11.25 | 1125 | 11.25 | 9.50 | 9.50 | 7.50 | 7.50 | 6.50 |
Lide Champs Account | 11.25 | 11.25 | 11.25 | 11.25 | 9.50 | 9.50 | 7.50 | 7.50 | 6.50 |
Askari Specia’ Deposit Account (ASDA) | 11.25 | 11.25 | 1125 | 11.25 | 9.50 | 9.50 | 7.50 | 7.50 | 6.50 |
Askan Waqaar Account Senior Citizen | 1225 | 12.25 | 1225 | 1225 | 10.00 | 1000 | 8.00 | 8.00 | 7.00 |
Notice Deposits | |||||||||
7 days | 875 | 8.75 | 8.00 | 6.50 | 650 | 4.50 | 4.50 | 450 | 4.50 |
29 days | 885 | 8.85 | 810 | 560 | 6.60 | 4 60 | 4.60 | 460 | 4.60 |
Term Deposits | |||||||||
Cne month | 8.90 | 8.90 | 8.15 | 8.15 | 8.15 | 6.15 | 6.15 | 6.00 | 6.00 |
Two months | 9.00 | 9.00 | 8.25 | 8.25 | 8.25 | 6.25 | 5.25 | 6.00 | 6.00 |
Three months | 9.35 | 9.35 | 8.60 | 8.60 | 8.60 | 6.60 | 6.60 | 6.00 | 6.00 |
Six months | 9.55 | 9.55 | 8.80 | 8.80 | 8.80 | 680 | 5.80 | 6.50 | 6.50 |
Cne year | – | – | – | – | – | 7.00 | 7.00 | 650 | 6.50 |
Below Rs. 5.000 M | 1095 | 10.95 | 1020 | 8.85 | 8.85 | – | |||
FromRs. 5.0CO M to Rs. 19.999 M | 11.50 | 11.50 | 10.50 | 9.00 | 9.00 | ||||
From Rs. 20.000 M to Rs 49.999 M | 1200 | 12.00 | 1100 | 9.50 | 9.50 | – | |||
From Rs. 50.000 M and above | – | – | – | 10.00 | 10.00 | – | |||
From Rs. 50.000 M to Rs 99 999 M | 1250 | 12.50 | 11.50 | ||||||
RS.100.000M and above | 1300 | 13.00 | 1200 | – | – | – | |||
Two years | 13.10 | 12.50 | 11.50 | 10.00 | 10.00 | 7.00 | 7.00 | 6.50 | 6.50 |
Three years | 13.20 | 12.00 | 11.00 | 9.50 | 9.50 | 7.00 | 7.00 | 6.50 | 6.50 |
F we years and above | 1350 | 10.00 | 1000 | 850 | 8.50 | 7.00 | 7.00 | 6.50 | 6.50 |
Askari Waqaar Account – Senior Citizen- Term Deposit (1 Year) |
1275 | 12.75 | 1200 | 10.50 | 10.50 | 8.00 | 8.00 | 7.50 | 7.50 |
Askari Bachat Account (One Year) | 10.50 | 10.50 | 9.75 | 8.25 | 8.25 | 6.25 | 5.25 | 5.75 | 5.75 |
Askari Bachat Account (ABA)Two Years | 1050 | 10.50 | 9.75 | 8.25 | 8.25 | 6.25 | 5.25 | 5.75 | 5.75 |
Product Features
Documents
How to Apply
Features Details
Product Type: Financing for new, used and imported vehicles
Charges: As per “Schedule of Bank Charges”
Insurance: Built in Insurance & Tracker
Equity Requirement:
New vehicles: minimum 20%
Imported vehicles: minimum 30% of the FSV of the vehicle
Used vehicles: minimum 25% of the FSV
Co-borrower: Parents, spouse and son can be considered as co-borrower. Brother/ sister can be considered if other options are not available and provided they are employed/self-employed
Electronics Credit Information Bureau (ECIB) & Debt Burden Ratio (DBR):
Mandatory for all applicants including co-borrowers
Debt burden inclusive of all existing and proposed liabilities shall not exceed 50% of net disposable income
Segment Annual Mark-up
Armed Forces: 12 months Kibor + 1.5% (upto 3 years)
12 months Kibor + 2% (more than 3 years)
Branch Customers (salaried): 12 months Kibor + 3% (upto 3 years)
12 months Kibor + 3.5% (more than 3 years)
Branch Customers (SEB/SEP): 12 months Kibor + 3.5% (upto 3 years)
12 months Kibor + 4% (more than 3 years)
Non Branch Customers (salaried): 12 months Kibor + 4%
Non Branch Customers (SEB/SEP): 12 months Kibor + 4.5%
Used/Imported Vehicles: 12 months Kibor + 5%
Minimum Income:
Category Minimum Income Requirement Relation/Service Length
AKBL Approved List of Companies Rs. 25,000 Permanent employees
Armed Forces Rs. 25,000 Commissioned officers
AKBL Branch Customers (salaried) Rs. 25,000 6 months salary relationship with AKBL
AKBL Branch Customers (SEB/SEP) Rs. 50,000 1 year account relationship with AKBL
Non Branch Customers (salaried) Rs. 40,000 1 year continuous service length
Non Branch Customers (SEB/SEP) Rs. 65,000 2 years in current business
Government Sector BPS 16 or above 6 months service length
Individuals with Rental Income Rs. 100,000 6 months