Scribd
Upload
20 views2 pages

HBL CarLoan Key Fact Sheet 2018

HBL CarLoan offers financing for new, used, local or imported cars with repayment periods up to 7 years. Customers can receive up to 85% financing and must maintain secured insurance. Processing charges include application fees from PKR 7,500 to 3,750 plus documentation fees. Early settlement charges are 10% before vehicle delivery and 5% after, while late payments incur PKR 1,000 plus fees. The key fact sheet provides terms for HBL's car loan product between July 2018 and December 2018.

Uploaded by

Aslam Pervaiz
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
20 views2 pages

HBL CarLoan Key Fact Sheet 2018

HBL CarLoan offers financing for new, used, local or imported cars with repayment periods up to 7 years. Customers can receive up to 85% financing and must maintain secured insurance. Processing charges include application fees from PKR 7,500 to 3,750 plus documentation fees. Early settlement charges are 10% before vehicle delivery and 5% after, while late payments incur PKR 1,000 plus fees. The key fact sheet provides terms for HBL's car loan product between July 2018 and December 2018.

Uploaded by

Aslam Pervaiz
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

CarLoan

Key Fact Sheet


Effective from July 01, 2018 to Dec 31, 2018

HBL CarLoan makes it easy to purchase your dream car. With up to 7 years to pay off your loan, HBL CarLoan allows you to borrow for the car you
desire, keeping in mind your budget.

Features
• Choose any type of car - new, used, local or imported car
• Repay within a 7 year time period (5 years for used car financing)
• Receive up to 85% of financing for your preferred car
• Secured insurance at all times for peace of mind (with or without tracker option available)
• Take advantage of our 24-hour support available through HBL PhoneBanking. HBL PhoneBanking also allows you to track your
repayment/loan account status and avail other value-added services

Processing Charges

Description Charges
New CarLoan Customer: PKR 7,500 + FED
Application Processing Charges Repeat CarLoan Customer: PKR 3,750 + FED
Documentation Charges; Verification: Stamp Duty Credit Report (actual
up to PKR 150)
Car Evaluation Fee At Actual to be borne by the Customer
Legal Notice Fee At Actual to be borne by the Customer + FED
Partial Payment 1. Partial Payment prior to delivery of vehicle @10% of amount being
settled + FED
2. Partial Payment after delivery of vehicle @5% of amount being
settled + FED

Other Charges
1. Termination prior to delivery of vehicle @10% of outstanding amount + FED
Early Settlement Charges
2. Termination after delivery of vehicle @5% of outstanding amount + FED
Late Payment Charges PKR 1,000 + FED
Re-possession Charges Actual or PKR. 50,000 whichever is lower + FED

Key Fact Sheet of HBL CarLoan is self-explicit and all efforts have been made to keep it simple and free of any ambiguity. However, if required,
further clarification can be sought by referring queries to HBL Branches or HBL PhoneBanking at 111-111-425.

I/We hereby acknowledge and confirm: (a) receipt of this Key Fact Sheet governing this HBL CarLoan (hereinafter referred to as the “KFS”);
(b) having carefully read and understood the KFS; (c) that the KFS has been signed by me/us as acceptance of the Terms and Conditions
governing HBL CarLoan .

Bank Charges are in accordance with the Schedule of Bank Charges, as amended from time to time.
CarLoan
Key Fact Sheet
2018 31 2018

You might also like