Commercial Vehicle Financing
Set the wheels of your business in motion!
U Bank Commercial Vehicle Financing is a loan facility that enables its customers to own a vehicle to fulfill their business needs, such as the transportation of enterprise goods, agriculture commodities, livestock, milk supply, and passenger mobility.
Available for all local brands in Pakistan, U Bank Commercial Vehicle Financing comes with complete vehicle insurance and a tracker facility.
Salient Features
Loan facility: PKR 350,001 to PKR 3,000,000
Loan Tenure: Up to 10 years
Minimum Down Payment: 10%
Easy Monthly Repayment
For New and Used Vehicles
All Local Brands Covered
Vehicle Insurance & Tracker Facility
Minimum Documentation Required
Required Documents
- Original CNIC
- Passport-sized photograph
- Proof of business
Terms and Conditions are applicable
FAQs
Who can apply for this loan?
Any resident Pakistani with a valid CNIC/NICOP
What is the eligibility criteria?
Must be a business individual
Is there any age limit for the borrower to avail this loan?
The age limit requirement of 18-68 years at the time of loan application and loan maturity respectively
What is the procedure to apply for this loan?
The customer will be required to follow the following steps:
- Select your desired vehicle
- Visit your nearest U Bank Branch
- Provide the required KYC documents
- Deposit any upfront charges
- Sign the loan application form and submit
What documents are required for this loan?
The following documents are required:
– Sole proprietors – Proof of business like a business card, cash memo, letterhead, or utility bill, and bank statement
– Businesses – Proof of business like a business card, cash memo, letterhead, or utility bill, and bank statement
What kind of processing charges are applicable?
- Loan Application Fee
- Insurance Charges
- Tracker Charges
What kind of collateral is required for this loan?
Lien Marking on the Financed Vehicle
For what purpose can I receive this loan?
For Agriculture & Business use only
What is the down payment requirement for new and used cars?
A minimum of 10% down payment is required for new or used cars
Additional requirements for insurance and safety?
Insurance & Tracker is necessary
List of car brands available on your panel?
All brands operating in Pakistan
Do you have a Shari’ah-compliant version of this loan?
Yes. Please visit:
U Bank Commercial Vehicle – Diminishing Musharkah Financing