Auto Loan
Want to finally get your hands on that dream vehicle? Thinking of replacing your car? Samba Bank now brings you the opportunity to get your hands on the car of your choice with Samba Auto Loan.
Samba Auto Loan is a term loan that allows you to purchase locally assembled/manufactured new and used vehicles for your personal use.
Exceptions
- Pakistani nationals residing and working in Karachi, Lahore, Faisalabad, Islamabad or Rawalpindi
- Applicants must be aged at least 21 years at the time of loan application
- Salaried individuals must not be aged older than 67 years (or retirement age, whichever comes earlier) at the time of loan maturity
- Self-Employed individuals must not be aged older than 70 years at the time of loan maturity
- Applicants must have a minimum 6-month depository relationship with any Bank in Pakistan
- Applicants must have a minimum monthly income of PKR 100,000 and PKR 150,000 for salaried and self-employed individuals respectively
- Salaried applicants must be working at their current employer for a minimum period of 3 months as Permanent Staff (not on probation)
- Self-Employed applicants must have a minimum tenure of 2 year in their current business
- Applicants must not be delinquent on any other consumer loan product (s) from Samba Bank or any other Bank in Pakistan
- Income from other sources such as rent, pension or profit on term deposits may also be considered, subject t Bank's internal credit policies.
* The above eligibility criteria reflect minimum requirements only and actual criteria may vary depending on various factors including but not limited to customer profile, bureau, vehicle type, employment category etc.
** All Samba Auto Loan applications will be approved subject to State Bank of Pakistan regulations and Samba Bank’s internal credit policies.
*** Terms and Conditions of Samba Auto Loan shall be applicable on all Samba Auto Loan applications