Raast Foree Car

RAAST CAR IJARAH” CAR FINANCING POLICY

Security Deposit Minimum 20% of the value of asset
Pricing Pricing as per declared monthly circulars
Tenure One year to Five years
Age of applicant 21 to 55 years in case of salaried person 21 to 60 years in case of businessmen
Period of Employment/Engagement in Business or Profession Salaried for 02 years Businessman for 03 years
Minimum income required Rs. 18,000/-
Maximum Bank Exposure PKR 2.50 million
Security Deposit Minimum security deposit for the facility will be 20% of the value of the vehicle
Facility Period Period of facility will be 12 to 60 months
Mode of Rental Payment Postdated cheques
Security 1. The vehicle will be registered in the name of BOK. Original File (if available) of vehicle along with copy of registration book and duplicate key to be retained by BOK, till full and final adjustment of facility. 2. Personal guarantee of the customer along with net worth statement. 3.Takaful of the vehicle duly consigned in favor of BOK

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