CarAmad
Pricing: Floating/Fixed Rate : 1 YK + spread.
Loan Tenor: upto 5 years.
Pricing option: It offers the flexibility of choosing markup rate options i.e. Floating or Fixed Rate.
Max loan size Rs 3.0 mn.
Quickest & hassle free processing of loan.
- Installment Loan.
1. Salaried.
2. Rental Income.
3. Foreign Remittance cases.
4. Self employed Individuals.
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Minimum Age |
Criteria |
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Age |
Salaried: 1. Minimum age: 21 years. 2. Maximum age: 65 years or retirement age whichever comes first at the time of completion of the financing tenure. Self-employed professional/business persons: 1. Minimum age: 21 years. 2. Maximum age: 70 years at the completion of the financing tenure. |
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Minimum Income |
Salaried: 1. Rs 35,000/= Net take home salary (Permanent-Employee Banking). 2. Rs 50,000/= Net take home salary (Permanent Employees). 3. Rs 75,000/=- Net take home salary (Contractual Employees). Self Employed (EBC/NTB): 1. Minimum avg balance Rs 100,000/- |
- Minimum Down Payment: 30%.
1. 2 Recent Color Photograph- duly attested in the backside.
2. CNIC - O/S from both sides, to be attested by RM/BM.
3. Complete JS CarAamad loan application.
4. For NICOP customers, video evidence is mandatory.
5. External Verification should be attached with application form.
6. Bank Statement should be verified by respective branch (sign and stamp) and should also be verified by JS 7. Banks BM (sign and stamp).
7. Valid landline numbers should be provided in the application form by the applicant.
Customer Deposit relationship
1. If JS Bank Customer - minimum 6 months.
2. If Other Bank Customer -other bank's statement of minimum 12 months along with maintenance certificate.
Please note : If other bank statement is a photocopy or internet copy then it should be stamped by the bank.
CF-1 form should be filled out properly and signed by the applicant.
Income Documents
a. Salaried Individual
Latest 3 Salary Slips (6 months banks statement required for those customers whose salary is credited on other than JS Bank).
b. Business Individual
1 year bank statement required along with certificate for those customers whose banking relation is less than 6 months with JS Bank.
- 7 days.
1. Select vehicle from Authorized dealer and get a quotation.
2. Visit nearest JS Bank branch and fill JSCarAamad application form.
3. Complete document checklist upon approval.
4. Drive away with your favorite car upon completion of post sanction formalities.
1. Processing Fee (Including Legal Stamping): Rs. 7,500+FED (PKR 1,000 upfront as non-refundable processing fee and remaining PKR 6,500 at stage 2.
2.
Used Car Appraisal Fees: As per actual.
3. Valuation Charges: At Actual(Maximum Rs 7,000).
4. Pre-payment charges: 8% of the principal in the first two years.
5. Vehicle Repossession: At actual (minimum Rs. 56,000/- per instance).
6. Repossessed Vehicle Storage Charges: At Actual.
7. Income Estimation: At Actual.
8. Late payment fee: Rs 1,400/- per instance.