U Bank Islamic Banking offers Shari’ah-compliant commercial vehicle financing facility with minimum documentation requirements. The financing facility follows the Diminishing Musharakah Islamic mode of finance, and helps customers with the transportation requirements of their business, such as the transport of enterprise goods and cargo, agricultural commodities, livestock, milk supply or passenger mobility. With this facility, the customer receives complete ownership of the vehicle at financing completion.
Salient Features
- Financing facility of up to PKR 3,000,000
- Minimum 20% amount required as partnership share from the customer
- Financing tenure of up to 10 years
- Repayment in easy monthly installments
- Complete Takaful coverage of the vehicle
- Tracker facility included
- Minimum documentation requirements
Documentation Requirements
- Original CNIC
- Passport-sized photograph of the applicant
- Proof of business
