Tractor Loan in Pakistan : Hbl tracor loan | hbl islamic tractor financing (2020)
9.4 هزار بار بازدید -
4 سال پیش
-
#hbltractorfinancing
#hbltractorfinancing #hbltractorloan #hblislamictractor
HBL Islamic TractorFinancing
A Shariah-compliant financing facility that caters to the cultivation & transportation needs of the farming sector comprising farmers who are engaged in Crop Production, Dairy, Livestock, Poultry Farming, Fisheries and self-employed agriculturists.
Product Features
Financing tenure - minimum 3 to maximum 5 years
Monthly/Quarterly/Half-yearly/Yearly payment options
Minimum equity – 10% of the quotation price of the tractor
Competitive rental rates
Rental rate will be fixed for the entire tenure of the facility
Per party limit of minimum Rs. 500,000 and maximum Rs. 5,000,000
No charges in case of early termination (However, actual loss can be recovered in case of termination prior to tractor delivery. In case of termination post-delivery, customer will undertake to purchase the tractor)
Eligibility Criteria
Applicant should be holder of valid CNIC
Applicant should be a farmer, cultivator of his/her own land and/or on lease basis
Applicant should be older than 18 years of age and should not exceed age of 65 years at the time of facility approval including the tenure of the facility
Applicant must be permanent resident of the Area for at least the last three years
Applicant must have telephone/cell phone at his residence
Applicant to provide acceptable collateral as per bank’s requirement
Applicant should have Clean eCIB with no current over-dues
Applicant should not be involved in litigation over property/land offered as security
Applicant must meet the bank’s as well as applicable regulator’s policies
How to apply
Applicant to provide
Original CNIC along with attested copy
Two recent passport size photographs of the applicant
Agricultural Passbook/other collateral documents
Either of the mentioned - Khasra Gardawari/Field Book Copy/Def Farm VIII/CNIC copy of References/Witnesses
Any other document as per Bank’s requirements, if any
Guiding Principle – Diminishing Musharaka
Islamic Tractor Financing Product is based on the Islamic mode of Diminishing Musharaka ‘DM’. DM is based on Shirkat-ul-Milk which means joint ownership in an asset. Under DM, ownership of the bank’s share is divided into units. The customer will purchase these units periodically until he/she becomes the sole owner of the asset. Since the customer will be using the asset, he/she will pay rentals against the utilization of the Bank’s share.
Tractor Finance
A financing facility that caters to the transportation needs of farmers who are engaged in crop production and/or non-farm agriculture business of dairy, livestock and fisheries, and/or processing, packaging and marketing of agriculture produce.
Key Features
Minimum documentation required
Prompt processing of application and disbursement of loan
Advance booking with zero down payment *
24/7 access to the funds via HBL DebitCard
Criteria
Borrower must be a farmer cultivating his/her own land and/or on lease basis
Borrower to provide acceptable collateral as per bank’s requirement
Borrower must meet the bank’s as well as applicable regulator’s policies
How to apply
Applicant to provide:
Original CNIC along with attested copy
Two recent passport size photographs of the borrower
Agricultural passbook/other collateral documents
Either of the mentioned - Khasra Gardawari/Field Book Copy/Def Farm VIII-A/ Land Revenue Tax/ Receipt of last crop
*Available for selected brands
Terms and conditions appl
HBL Islamic TractorFinancing
A Shariah-compliant financing facility that caters to the cultivation & transportation needs of the farming sector comprising farmers who are engaged in Crop Production, Dairy, Livestock, Poultry Farming, Fisheries and self-employed agriculturists.
Product Features
Financing tenure - minimum 3 to maximum 5 years
Monthly/Quarterly/Half-yearly/Yearly payment options
Minimum equity – 10% of the quotation price of the tractor
Competitive rental rates
Rental rate will be fixed for the entire tenure of the facility
Per party limit of minimum Rs. 500,000 and maximum Rs. 5,000,000
No charges in case of early termination (However, actual loss can be recovered in case of termination prior to tractor delivery. In case of termination post-delivery, customer will undertake to purchase the tractor)
Eligibility Criteria
Applicant should be holder of valid CNIC
Applicant should be a farmer, cultivator of his/her own land and/or on lease basis
Applicant should be older than 18 years of age and should not exceed age of 65 years at the time of facility approval including the tenure of the facility
Applicant must be permanent resident of the Area for at least the last three years
Applicant must have telephone/cell phone at his residence
Applicant to provide acceptable collateral as per bank’s requirement
Applicant should have Clean eCIB with no current over-dues
Applicant should not be involved in litigation over property/land offered as security
Applicant must meet the bank’s as well as applicable regulator’s policies
How to apply
Applicant to provide
Original CNIC along with attested copy
Two recent passport size photographs of the applicant
Agricultural Passbook/other collateral documents
Either of the mentioned - Khasra Gardawari/Field Book Copy/Def Farm VIII/CNIC copy of References/Witnesses
Any other document as per Bank’s requirements, if any
Guiding Principle – Diminishing Musharaka
Islamic Tractor Financing Product is based on the Islamic mode of Diminishing Musharaka ‘DM’. DM is based on Shirkat-ul-Milk which means joint ownership in an asset. Under DM, ownership of the bank’s share is divided into units. The customer will purchase these units periodically until he/she becomes the sole owner of the asset. Since the customer will be using the asset, he/she will pay rentals against the utilization of the Bank’s share.
Tractor Finance
A financing facility that caters to the transportation needs of farmers who are engaged in crop production and/or non-farm agriculture business of dairy, livestock and fisheries, and/or processing, packaging and marketing of agriculture produce.
Key Features
Minimum documentation required
Prompt processing of application and disbursement of loan
Advance booking with zero down payment *
24/7 access to the funds via HBL DebitCard
Criteria
Borrower must be a farmer cultivating his/her own land and/or on lease basis
Borrower to provide acceptable collateral as per bank’s requirement
Borrower must meet the bank’s as well as applicable regulator’s policies
How to apply
Applicant to provide:
Original CNIC along with attested copy
Two recent passport size photographs of the borrower
Agricultural passbook/other collateral documents
Either of the mentioned - Khasra Gardawari/Field Book Copy/Def Farm VIII-A/ Land Revenue Tax/ Receipt of last crop
*Available for selected brands
Terms and conditions appl
4 سال پیش
در تاریخ 1399/02/20 منتشر شده
است.
9,412
بـار بازدید شده