Salam to all. I'm looking for recommendations for a trusted NBFC to finance a vehicle. I'm finding bank rates very high for the vehicle I'm interested in. Can someone share their experience in this regard? I've noticed that Butt & Sons Pvt Ltd offers their services in financing. Are they legitimate? Any advice would be genuinely appreciated!
Almost none are registered with SECP and SBP and hence can't do consumer financing. Go to a bank these private leasing companies will take your money and fool you for the rest untill you give up. Either you pay more or save what you have an buy a used car.
stay away from pvt companies without State Bank & SECP NOC to deal or offer any type of leasing.
I'll keep that in mind. Thanks.
Okay sure. So just SECP license is insufficient proof of legitimacy?
No you require permissions from SBP and have to follow strict regulations and guidelines there are very certain Forms you have to fill in, show proof of the of money a lot has changed after the FATF fiasco.. even Big Banks are quite under vigilance.
All are fraud. Strictly avoid them. Buy used car or go with Bank finance only. Just my fair suggestion.
Thank you all. I've taken your advice into consideration and am going with bank financing.
Aoa sir.Sir jo company fbr or secp sy registered hoti hy vo fraud to ni.?
secp/fbr wali bhi 101% fraud hy. secp/fbr se koi bhi registered kara sakta hy, tu aise companies ko avoid hy, ye sb 200% fraud hain.
Ye sari furd companies hain but&sons walay furd kar rahay hain or in k 2 3 office hain ap s payment lay k ap ka case rok dytay hain us k bad 3 month ka time dytay hain or phr chakar p chakar lagwatay hain or deel kar raha hota hai wo 5 din bad bolta hai m n office left kar dia
Have a look at this article:
and the SECP document at the bottom of the article. Hope it clarifies things.
