Business finance

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Business finance

  1. 1. Bank AlflalahWhat is the period of the loan?The loan can be availed from 1 year to 5 years with early adjustment facility at any time before thematurity. How much initial down payment do I have to make?10% of the value of the car.What other charges do I have to pay?You have to pay a onetime fee of Rs. 4,000/- being amount of processing and documentation chargesand first year’s insurance premium .Financing Product 1Yr 2Yr 3Yr 4Yr 5YrCar Loan for Brand New Vehicles 17.50% 17.50% 18.00% 18.50% 18.50% Car Loan for Brand New Imported Vehicles 19.00% 19.00% 19.00% 19.00% 19.00% Band New Semi Commercial Vehicles (locally 20.00% 20.00% 20.00% 20.00% 20.00% manufactured) Second Hand Vehicles 21.00% 21.00% 21.00% 21.00% 21.00%BANK OF PUNJAB Tenure Minimum: 01 Year Maximum: 05 Years
  2. 2. Mark up Rate Tenure Mark-up Rate 1 year Avg. 1 Year ask side KIBOR + 400 bps with floor of 17% p.a. 2 Years Avg. 2 Years ask side KIBOR + 400 bps with floor of 17% p.a. 3 & 5 Years Avg. 3 Years ask side KIBOR + 400 bps with floor of 17% p.a.
  3. 3. Minimum Govt. / BOP EmployeesEquity Pvt. Employees SEP/SEB 10% 15% 20%Down Equity + Processing Charges + First Year Insurance + First Monthly InstallmentPaymentCharges Processing ChargesDetails = Rs. 5,000/- E-CIB Charges = Rs.300/- per case Guarantor e-CIB Charges = Rs.50/- per report. Documentation Charges = Actual
  4. 4. Insurance Rate= 4% from Insurance company on bank’ panelRegistration Charges= Actual. Payable directly by the customer

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