| |
SONERI BANK
Incorporated on September 28, 1991 the first Branch of Soneri
Bank Limited formally opened doors for operations in Lahore
on April 16, 1992 followed by Karachi Branch on May 09,1992.
The bank now operates with 40 branches spread all over Pakistan
including the Northern Areas of the country where no other
private bank has ventured so far. Expansion of branches is
based on a policy of maintaining a balance between the urban
and rural areas with a view to offering services even in the
remote areas of Pakistan.
Soneri Car Finance
Car Financing Features
• Maximum finance amount Rs. 1 Million for brand new
un-registered cars.
• Repayment within 1 to 5 years in equal monthly installments
inclusive of mark-up.
• Mark-up rate 7.9 % p.a. flat.
• Down Payment: just 15% of Car Price.
Eligibility :
(1) Salaried persons upto 55 years of age
in continuous permanent employment for past 2 years with financial
institutions/multinational companies/public limited companies/corporate
customers of Soneri Bank.
(2) Self employment persons like doctors,
engineers, architects etc. registered with professional organisations
& business persons who are directors, partners & sole
proprietors and corporate customers of Soneri Bank upto 60
years of age.
(3) Monthly instalments must not be more
then 33 percent or declared income in case of self employed
persons.
Registration of car would be in bank's name
to be transferred in borrower's name on full payment of the
finance.
Comprehensive insurance with Soneri Bank
as beneficiary through bank's approved insurance company.
To calculate monthly repayment instalment multiply finance
amount by the applicable factor given here under :-
1 Year |
2 Years |
3 Years |
4 Years |
5 Years |
0.0883817 |
0.0466078 |
0.0327387 |
0.0258455 |
0.0217424 |
|
|
