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Soneri Bank Car Finance

Soneri Bank Car Loan Scheme

Soneri Bank Limited introduced the Car Loan Scheme for its customers in Pakistan. Now Government employees, businessman bank account holders get a brand new car through Soneri Car Finance Scheme Soneri Bank Limited offers a Car Finance facility up to Rs.5,000,000/-, repayable in 5 years in equal monthly installments. The option of used and reconditioned car are also available. Select your car at a less installment plan. Car financing is easy through Soneri Bank for purchasing New Car Manufacturing in Pakistan on a special offer.

Age: Applicant’s age should not be more than 60 years at the time of loan maturity for salaried and 70 years businessman/self-employed/agriculturist/rental income.

minimum income: Rs.25,000/-

Markup rate: 1-year KIBOR plus 4.5% to 6% Bank Spread, to be revised on each anniversary of finance due to change in KBOR.

Processing Fee
Rs.6,500/- (plus FED) per approved application, for finance amount up to Rs.0.75 million

Rs.7,000/- (plus FED) per approved application, for finance amount over Rs.0.75 million to Rs.1.2 million
Rs.7,500/- (plus FED) per approved application, for finance amount over Rs.1.2 million to Rs.2.0 million
Rs.8,000/- (plus FED) per approved application, for finance amount over Rs.2.0 million
No processing fee on declined application

late payment charges of Rs.1,250/- (plus FED) per installment will be charged if the installment is not paid on the due date.

To fulfill your need, please contact your nearest branch of Soneri Bank Limited or call +92-21-111-766-374 for application assistance.

Benefits

  • Fast and hassle-free application processing
  • Zero processing fee on declined application
  • The down payment is required once the loan is approved
  • The option of Used and Reconditioned Car is also available
  • Partial Payment option
  • Early Settlement option