The Auto Industry in Pakistan is progressing day by day, local and international manufacturers have stormed the market with its incoming new range of vehicles creating an opportunity for its consumers to upgrade their existing driving pleasures to the next level. Therefore, the trend has increased rapidly crafting a window for the Banking industry in Pakistan through which consumer financing (auto financing) has once again started gaining popularity in Pakistan, but still, the term remains confusing and unknown to many people making them unaware of the benefits tagged. So, at first, what basically is car financing service?
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It is a process in which an individual can avail a loan facility from a bank/company to purchase a new vehicle, and agrees to pay back the money borrowed from a bank or company in an assigned period.
JS Bank which operates in the commercial banking sector offers JS CarAamad. JS CarAamad is an installment-based loan for the purchase of new, used and imported vehicles with quick and hassle-free processing.
Features of JS CarAamad
JS CarAamad offers you a chance to drive away your dream car at minimum 15% down payment along with flexible tenures from 1 year up to 7 years. You have an option to choose from a vehicle ranging from as low as PKR 300,000 to a maximum PKR 50 million. JS CarAamad offers you financing based on lowest markup rates, i.e., floating rate of 1 Year KIBOR +7% or Fixed rate of 1 Year KIBOR +10%.
JS Bank provides a variety of insurance options at lowest rates to choose from reputable insurance companies which include EFU General Insurance, Adamjee General Insurance, Askari General Insurance, Shaheen Insurance and TPL Direct Insurance.
No Down payments and processing fee payments before approval of your Auto finance loan. No Hidden Charges are applied after the loan is disbursed.
For more information, visit your nearest JS Bank branch or call JS Bank Contact Center at 0800 011-22 to drive away with your dream car!
Disclaimer: This is a promotional content.