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BANK OF PUNJAB
The Bank of Punjab is working as a scheduled commercial bank
with its network of 241 branches at all major business centres
in the country. The Bank provides all types of banking services
such as Deposit in Local Currency, Client Deposit in Foreign
Currency, Remittances, Advances to Business, Trade, Industry
and Agriculture. The Bank of Punjab has indeed entered a new
era of science to the nation under experience and professional
hands of its management. The Bank of Punjab plays a vital
role in the national economy through mobilization of hitherto
untapped local resources, promoting savings and providing
funds for investments. Attractive rates of profit on all types
of deposits, opening of Foreign Currency Accounts and handling
of Foreign Exchange business such as Imports, Exports and
Remittances, Financing, Trade and Industry for working capital
requirements and money market operations are some facilities
being provided by the Bank. The lending policy of Bank is
not only cautious and constructive but also based on principles
of prudent lending with maximum emphasis on security. As agriculture
is considered as backbone of our economy the Bank of Punjab
has introduced "Kissan Dost Agriculture Finance Scheme"
to small farmers.
Car Financing:
PREAMBLE:
In order to equip our Field Force with new products of financing
for credit expansion and in line with the policy of State
Bank of Pakistan for consumer financing, our Bank is launching
car loan scheme. This scheme will also overcome the competition
of other banks and will also meet the growing demand of our
customers/general public.
PURPOSE:
BOP Car Loan is a lease facility for purchasing brand new
locally manufactured/ assembled car for personal use (no further
sub-letting allowed) & light commercial vehicles. The
light commercial vehicles are available only for corporate
customers.
WHO CAN AVAIL:
The facility is available for salaried persons, self-employed
professionals & business persons. Professionals are Chartered
Accountants, Engineers, Architects & Doctors/Dentists.
ELIGIBILITY:
1. Salaried person:
Permanent Employee of selected organizations (Annex A) with
at least 3 years service.
Minimum Take Home Salary Rs: 20,000/-. Debt burden not to
exceed 40% of take home salary less the amount of installments/repayment
of other loans, if any.
2. Self-employed Businessperson and Professional:
Minimum 3 years in current business.
Debt burden not to exceed 30% of monthly-assessed income less
the amount of installments/repayment of other loans, if any.
3. Computerized National Identity Card) CNIC)
issued by NADRA is mandatory.
4. Age 25 years to 57 years or retirement
age before full payment.
5. Customer should not be residing in negative
areas (list of negative areas will be provided by respective
Regional Chiefs. The list for Lahore will be provided by Regional
Chief, Lahore). However, the condition may be relaxed in case
of employees of Govt., AAA & A category companies by sanctioning
authorities.
6. Applicant should not in negative professions/occupations
(list enclosed Annex B). |
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