What is LCV Financing?
It’s a Light Commercial Vehicle loan which gives you to purchase commercial vehicle for business purpose only.
Who can apply for loan?
Small & Medium size business entities (SME) including Sole Proprietorship, Self-Employed can apply for the said loan.
What is the maximum amount I can borrow?
It depends on repaying capacity and business requirement, however max limit is PKR 5 Million for SME customers subject to SBP PR requirement.
Which types of vehicles are eligible for financing?
Following vehicles are eligible:
- New local assembled
- Used local assembled
- New Imported vehicle
- Used Un-registered Imported vehicle
What types of vehicles are covered under LCV?
- Mini Truck
What types of vehicles are not covered under this loan?
- Heavy Duty Trucks
Can I avail multiple loans?
Yes, you can apply for multiple loans.
How old vehicles are allowed under used vehicle?
Three years old from manufacturing date at the time of finance.
What would be the Mode of Repayment?
Mode of Repayment includes Account Debit Authority / Cashier Cheque / Cheque / Cash / Online Transfer, etc.
How can I get loan
You can visit any of our nearest branch or we may forward your request to our relationship management team who will get in touch with you to discuss your requirements.
How can I get loan?
We will forward your request to our relationship management team who will get in touch with you to discuss your requirements