Only for employees of those companies maintaining payroll account with BankIslami
BankIslami offers a unique Shariah Compliant Islamic financing of its kind, through which employees of our Corporate/Commercial/SME
clients can avail Bike & durable goods on easy monthly installments. It’s a pack of Riba-Free products & attract those
salaried individuals who are interested in financing on easy installments.
Laptops
|
Smart Phone
|
Bikes
|
Generators
|
Split ACs
|
Refrigerators
|
Deep Freezers
|
LEDs
|
Treadmills
|
• Citizenship: Pakistani, Adult, Permanent resident
• Age + Tenor: 21 – 60 years old at maturity
• Income (PKR): 30,000/- (Gross Salary)
• Down Payment: Upto 15% of Market Price
• Tenure (on job):
i) Permanent (6 months with the company, total 1 year working experience)
ii) Contractual ( 1 year with the company, total 2 year working experience)
• Processing Fee: PKR 1200/- (inclusive of FED)
• Copy of applicant’s CNIC
• Last three months’ salary slip
• Employee Letter (with tenure, designation and salary)
• Last six months’ bank statements
• Declaration of financing
Cost Price | 50,000 |
Down Payment | 7,500 |
Net Financing | 42,500 |
Monthly Installment | = | Net Financing * 1.25% + Net Financing /Tenure in Months | |
= | 42,500 * 1.25% + 42,500 / 12 | ||
= | 531 + 3,542 | ||
= | 4,073 |
Step # 3: Fill Application Form and provide below listed documents to your company’s HR/Admin or directly to BankIslami Employee Banking Department.
Step # 4: Once case is approved and confirmed by the bank, you need to deposit processing charges, documentation charges and minimum down payment in your pool account communicated by bank’s representative (Note: Account opening in BankIslami is mandatory).
Step # 6: Get your desired product. For durable goods, vendor will deliver product at your doorstep. For Bike, Bank will advise you to get delivery from selected locations.