Soneri Bank Loan - Soneri Bank Personal Loan - Soneri Bank Car Loan - Today Job Pak

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Monday 21 February 2022

Soneri Bank Loan - Soneri Bank Personal Loan - Soneri Bank Car Loan

 Soneri Bank Loan - Soneri Bank Personal Loan - Soneri Bank Car Loan





Mera Pakistan Mera Ghar Loan

Soneri Car Finance Loan

Soneri Ghar Finance Loan

Soneri Personal Finance Loan

Kamyab Jawan Youth Entrepreneurship Scheme


     


Terms & Conditions – Soneri Personal Finance Scheme


Currently only offered in Karachi, Lahore, Rawalpindi, Islamabad, and Hyderabad



Purpose of Finance


To meet personal, domestic, and household needs



Eligible Borrowers


Salaried individuals of approved companies (payroll accounts with Soneri Bank Limited)

Salaried individuals of approved companies (other than payroll accounts)



Financing Amount


 Up to Rs.1 million (up to Rs.2 million for prime customers)



Tenure


1 Year to 5 Years



Markup Rate*


1 Year KIBOR plus 10% (in case of BTF, 2% rate break will be allowed/given)



Monthly Net Take-home Salary


Rs.25,000/- for salaried individuals of approved companies (payroll accounts with Soneri Bank Limited)

Rs.40,000/- for salaried individuals of the approved company (other than payroll accounts)



Length of Service


Min 1 year in current employment or 2 years of continuous employment with permanent status



Age


Minimum 21 years and maximum 60 years at the time of loan maturity



Debt Burden


Total monthly repayment installments not to exceed 40% of the net take-home salary (taking into

account other financing facilities available from different banks/DFIs)



Processing Fee


Rs. 3,000/- (plus FED) or 1% of the finance amount whichever is higher, per approved application. No

processing fee on declined application.



Pre-Payment/Balloon Payment Charges


6.5% pre-payment charges on the principal amount being prepaid



Late Payment Charges


Rs. 925/- (plus FED) per installment per month



Documentation Charges


At actual (Additional 7.50% service charges on the actual cost of stamp papers / adhesive stamps)



Other Charges


Digital External Verification Charges: At current

eCIB Report Charges: At current

Issuance of Loan Balance Certificate: Rs.350/- (plus FED)



Personal Life Insurance


Free of cost, up to outstanding finance amount

 




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                             all loan

                                  apply online


All Pakistani residents, aged between 21 and 45 years with entrepreneurial potential are eligible to apply for the loan. For IT/ E-Commerce related businesses, the lower age limit is 18 years. Youth Entrepreneurship Scheme is for both startups and expansion of existing businesses across Pakistan. Loan applications have to be submitted online (hyperlink) only through our website.


Loans provided under YES are segregated into 3 tiers.



Tier 1


The range is 100,000 up to 1 million PKR with a 3% markup. No Security is required for a loan in this tier.



Tier 2


The range is above 1 Million up to 10 Million PKR with a 4% markup.



Tier 3


The range is above 10 Million up to 25 Million PKR with a 5% markup.


Eligibility Criteria / Target Market


Men/Women aged between 21 & 45 years with entrepreneurial potential

For IT/E-Commerce related businesses, the lower age limit will be 18 years

25% will go to women borrowers

All sectors and products, including agriculture, are eligible.


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