Apna Rozgar Scheme Complete Detail
The Bank of Punjab shall provide financing to educated unemployed youth of Punjab who meets eligibility criteria & other terms of scheme. The vehicles selected for the scheme are Suzuki Bolan and Suzuki Ravi.
What is Eligibility Criteria
- Applicant must be an unemployed Punjab Domicile (male/female) holder domiciling in any district of Punjab.
- Age between 21 to 35 years as on 31st October 2014
- Qualification at least Matric (or equivalent)
- Have valid driving license (Issued on or before 31st October 2014)
- Have valid CNIC
- Maximum worth of assets of the applicant (Self), Spouse, Parents & Children should not exceed Rs.2 Million threshold.
- Must not be a defaulter and not have a criminal record.
- 02 Guarantors required
What is the Tenure of Loan ?
05 years (60 months)
What Documents Are Required ?
1. Application form
2. Attested copy of:
2.1 Valid CNIC
2.2 Valid computerized driving license
2.3 Two recent photographs
2.4 Educational certificates
3. Affidavit on stamp paper of Rs.50/- regarding Net worth not more than Rs. 2.0 Million, No Criminal Record & not defaulter of any financial institution (Please click here to download Specimen)
|VEHICLE||SUZUKI RAVI PICKUP||SUZUKI BOLAN|
|Price (with discount)||Rs.597,000||Rs.655,000|
|Down Payment to be paid by qualified applicants||Rs.170,000||Rs. 177,000|
|Markup rate||100% Markup shall be paid by Government of the Punjab.|
|Monthly Installment (includes insurance premium)||Rs.9,000||Rs. 10,000|
Amount to be Deposited with Application Form
|1. Application Form Fee (Non-refundable)||Rs.2,000||Rs.2,000|
|2. Token money (Refundable)||Rs.9,000||Rs.10,000|
What kind of other charges May I have to Pay?
|Late payment charges||Early termination charges||Repo charges|
|RS 1 per thousand per day of monthly installment amount from due date till actual payment||5% on the outstanding principal amount||To be borne by the borrower/Lessee as per bank’s schedule of charges. Rs.10,000/- as fixed penalty and upto Rs.100,000/- as repossession charges or actual (whichever is lower) and Rs.200/- per day warehouse charges.|
For any information, please call us at 111-267-200 or email at email@example.com
Please click following link to download the relevant documents