Consumer Finance
BOK Foree Car
Get ready to gear up for new destinations. Give your drive the speed of BOK Foree Car and live your dreams.
*Consumer loans under the conventional mode have been discontinued as Bank of Khyber (BoK) is currently transitioning into a fully-fledged Islamic bank.
- Compulsory Life & Vehicle Insurance.
- Joint Registration of Vehicle.
- Partial & Pre-mature adjustments allowed.
- Also available in Islamic mode of financing.
- Age of applicant should be 21 to 60 years in case of salaried person and 21 to 65 years in case of businessmen/self-employed.
- New vehicles manufactured in Pakistan shall be financed.
- Minimum Period of Employment for 02 years and businessman/Engagement in Business or Profession for 03 years
- Maximum Bank Exposure PKR 3.0 million or as per SBP regulations
- Minimum Customer Contribution for the facility will be 30% of the value of the vehicle.
- Monthly instalment shall be ⅓ of the net monthly income of the applicant.
- Finance facility period will be 12 to 60 months
- The vehicle will be registered in the Joint name of Customer & BOK.
- Variable markup rate linked with 1 year KIBOR as base rate plus spread from 2% to 5% subject to risk rating score of the applicant.