Sindh Bank Auto Finance

Offering : Car Financing & Light Commercial Vehicles like Bolan
Facilitation Mode : Both Ready Delivery & Booking Modes
Loan Size : Min Rs. 0.500 Million to Max Rs. 15 Million
Financing Tenor : Minimum 1 year to maximum 7 years (for new & locally manufactured)
Processing Fee : Rs. 5000/= excluding tax
Insurance / Tracker Charges: As per actual
Imported Car : At time of finance, imported car should not be older than 3 years
Co-Borrower : Spouse / Parents / Son / Real Brother
Minimum Equity : Minimum 15% of locally manufactured new vehicles Minimum 25% for imported vehicles
Debt Burden : 50% debt burden of net disposable income
Mode of Repayment : Direct Debit or Cash payment directly in deposited in Repayment Account & PDC
Mark Up : 6M KIBOR + 3.5% to 4.5% p.a.
Age – Salaried Persons : Min 21 years to max 60 years at time of maturity
Minimum Salary : Rs. 35,000 net take home reflecting in the bank statement
Age – Businessmen / Self Employed : Min 21 years to max 65 years at time of maturity
Determination of Income : Minimum average balance of Rs. 50,000/= for six months
Business Status : Minimum 3 years in current business


In case of any further query, please call Sindh Bank Call Centre: 0800-33322.

Please approach your nearest Sindh Bank Branch to process your application.



Downloads
Auto Loan Application Form - 1
Auto Loan Application Form - 2
BBFS
CF - 1
Direct Debit Authority
Change of Sign Format
Checklist of Documents Required