Auto Loan

JWS Pakistan “Auto Loan”

JWS Pakistan “Auto Loan” in which loans are provided to fulfill the automobile demand of the customers for income generation activities or personal needs. Loans are extended to repair and maintenance of auto-rickshaw, chingchi, loader ricksha, carry daba, Toyota, taxi, trolly tractor etc. And purchase of auto rickshaw, chingchi and Loder.

PRODUCT DESCRIPTION

Loans are offered to all. Loans are extended to repair and maintenance of auto-rickshaw, chingchi, loader ricksha, carry daba, Toyota, taxi, trolly tractor etc. And purchase of auto rickshaw, chingchi and Loder.

ELIGIBILITY CRITERIA

• Age between 18-63 years
• Holding valid CNIC
• Business experience of minimum of 2 years
• Permanent resident of the local area
• Positive credit worthiness as per “JWS Pakistan” criteria

LENDING METHODOLOGY

• Individual
• Group basis

GUARANTEE

• Social Collateral/ postdated cheques/Agreement deeds (ownership documents)

TENURE

• 12 -to- 36 months

LOAN REPAYMENTS

• Equal Monthly Installments

LOAN AMOUNT

CATEGORY 1. MAINTENANCE,
• Minimum PKR- 40,000.
• Maximum PKR-200,000.
CATEGORY 2. PURCHASING OF AUTO,
• Upto PKR-500,000.

LOAN INSURANCE

• Client and Spouse Credit Life Insurance