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Bank of Punjab

Summary

The Bank of Punjab was established in 1989 and it functions as a scheduled commercial bank, with a network of 284 branches in major business centres throughout the country.

Car Financing Products

BOP’s leasing product is known as CARGAR. The bank promises minimum documentation requirements and flexible repayments to meet your individual needs.

1/2/3 Years ask side KIBOR+ 500 & 600 bps for salaried / BOP existing customer & SEB/SEP respectively. (KIBOR of respective tenure of 1,2 &3 years shall be used)

 

Features and Benefits

Floating rates only
Floating rate is linked with KIBOR
KIBOR+500 for salaried and existing customers
KIBOR+600 for Business owners

Required Documents

  • Copy of valid CNIC
  • Two Recent Photographs
  • Bank Statement of last 06 months
  • Latest Copy of utility bills (Electricity or phone or Gas)
  • NTN certificate (If available)
  • Documentary evidence in business or in the profession as per the requirement.
  • Copy of professional degree for self-employed professionals
  • Proprietorship Certificate/Partnership Deed in case of Self Employed Businessmen.

Eligibility

  • Age between 21 and 60 Years or retirement date; whichever is earlier
  • Permanent Employee with Minimum 01 Years of job experience 
  • Age between 21 and 65 Years for Self Employed Businessmen/Professionals
  • Minimum 01 Years in current business.
  • Maintaining Salary/ Business Account in any bank.
  • Have a valid CNIC