EV Installment plan with Allied Bank

Why Choose Allied Scooty Finance? Key Features

1. Lowest Conceivable Mark-Up Rate
   Enjoy financing at 1-Year KIBOR + 0.5%—one of the most competitive rates in Pakistan. The floating rate ensures transparency, with no hidden charges.
2. Flexible Repayment Tenure (1–4 Years)
   Tailor your repayment schedule to match your financial capacity, with terms ranging from 12 to 48 months.
3. Loan Amount Up to Rs. 400,000
   Finance up to 70% of your scooty’s ex-factory price, with a minimum 30% equity contribution.
4. No Hidden Costs
   Transparent processing fees and insurance premium payments ensure peace of mind.
5. Balloon Payments & Early Repayment Options
   Opt for two balloon payments (after 1 year) or settle your loan early (prepayment charges apply as per SOC).

Eligibility Criteria: Who Can Apply?

Allied Scooty Finance is available to Pakistani women meeting the following criteria:

For Salaried Women

• Age: 21–59 years
• Employment: Permanent/direct contract employee.
• Income: Minimum Rs. 35,000/month net salary.
• Banking: 6+ months with ABL or 1+ year with another bank.

For Self-Employed Women

• Age: 21–64 years
• Business: Operational for 1+ year.
• Income: Minimum Rs. 50,000/month net income.

Cities Covered

Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, and Multan.

Required Documents

• Proof of income (salary slips/business documents).
• Last 6 months’ bank statements.
• CNIC/Smart NIC/NICOP copy.
• Two passport-sized photographs.
• Completed ABL application form.

How It Works: Step-by-Step Process

1. Visit Your Nearest ABL Branch or call 111-225-225 to start your application.
2. Submit Documents: Provide income proof, bank statements, and ID.
3. Approval & Offer Letter: Upon approval, sign the offer letter and pay:
   • 30% equity (minimum).
   • Processing fee.
   • First year’s insurance premium.
4. Repayment: Monthly installments auto-debited from your ABL account.

Frequently Asked Questions (FAQs)

Q: Which scooties qualify for financing?
A: Locally assembled/manufactured conventional, electric, or hybrid scooties, registered with excise authorities.

Q: What security is required?
A: The scooty is hypothecated to ABL, with a lien marked at the Excise Department.

Q: How is insurance handled?
A: ABL arranges comprehensive insurance (first year paid upfront; subsequent premiums included in EMIs).

Q: Can I pay extra for accessories?
A: No—only the ex-factory price is financed.

Q: What if my application is rejected?
A: No processing fee is charged unless approved.

Benefits Beyond Financing

• Financial Independence: Affordable mobility empowers women to commute safely and efficiently.
• Corporate Insurance Rates: ABL negotiates lower premiums with partner insurers.
• Women-Centric Focus: Tailored eligibility criteria promote inclusivity.

Act Now!

Don’t let financial constraints limit your freedom. Visit Allied Bank today to apply for a scooty loan that fits your budget and lifestyle. With flexible terms, low rates, and a seamless process, ABL is committed to driving your journey toward empowerment.

Call 111-225-225 or locate your nearest branch to get started!

Visit ABL website now