Honda city 1.5 aspire 2025 BOP Roshan Digital Apni car 3 years plan
The Bank of Punjab (BOP) offers the Roshan Apni Car financing scheme for its Roshan Digital Account holders, providing an opportunity to finance vehicles like the Honda City 1.5 Aspire 2025 with attractive terms.BOP+1BOP+1
Key Features of the Roshan Apni Car Scheme:
- Financing Limit: Up to PKR 10,000,000.BOP+1BOP+1
- Equity Requirement:
- Minimum 15% of the vehicle’s value.BOP+1BOP+1
- 0% equity for lien-based financing.BOP+1BOP+1
- Financing Tenure: Up to 7 years.BOP+1BOP+1
- Eligibility: Must be a BOP Roshan Digital Account holder with a local nominee in Pakistan.BOP+1BOP+1
- Special Incentives:
- Extremely low mark-up rates.BOP+1BOP+1
- Special insurance rates with value-added services.Pakwheels+2BOP+2BOP+2
- Priority car delivery.BOP+1BOP+1
- Tailored car financing solutions.BOP+1BOP+1
- Quick processing with visibility at each step.BOP+1BOP+1
Pricing Details:
- Lien-Based Financing: SBP Floor Rate + 1%.BOP+1BOP+1
- Non-Lien Based Financing: 1-Year KIBOR + 1%.BOP+1BOP+1
Honda City 1.5 Aspire 2025 Pricing:
As of July 2024, the ex-factory price for the Honda City 1.5L Aspire CVT was PKR 5,849,000.
Estimated Monthly Installment for a 3-Year Plan:
Assuming the vehicle price is PKR 5,849,000 and opting for a 3-year (36 months) financing plan with a 30% down payment (PKR 1,754,700), the estimated monthly installment would be approximately PKR 108,509. This estimate is based on similar financing plans available in the market.
Note: The exact monthly installment may vary based on the final vehicle price, down payment, financing tenure, and prevailing interest rates.
For the most accurate and up-to-date information, it’s advisable to contact the Bank of Punjab directly
FEATURES
| Particulars | Details |
| Finance Limit | Maximum PKR 10,000,000/- |
| Security Deposit | • Min 15% of Vehicle’s Value • 0% Equity against Lien Based Financing |
| Financing Tenor | Maximum up to 07 Years |
| Eligibility criteria for Roshan Apni Car | Must be Bank of Punjab Roshan Digital Account Holder. AND Local Nominee in Pakistan is mandatory.Lien Based Financing100% Lien over local currency Saving deposit and 120% lien over foreign currency Saving deposit to the tune of invoice price of vehicle being leased on Roshan Digital Saving Account balance maintained with BOP / Islamic Naya Pakistan Certificate till the maturity of finance. No age limit for this segment.Non Lien Based – Salaried• Minimum Age 21 Years to 65 Years at time of maturity • Currently employed, with a total employment experience of Minimum 06 months for regular Salaried Individual and Minimum 1 Year for contractual salaried individual.Non Lien Based – Self Employed Businessman / Self Employed Professional• Minimum Age 21 to 65 years at time of maturity • Minimum 06 months in current Business / Professional. |
| Special Incentives For Lien / Non Lien Based | • Extremely low profit rates. • Special takaful rates with value added services. • Priority car delivery. • Tailored car financing solution. • Quick Processing with visibility at each step. |
| Additional relaxations for Lien Based | • No Limit on age requirements • No income proof required • No Security Deposit required • No credit history required for abroad • Waiver of DBR |
DOCUMENTATION
Roshan Apni Car Documentation Requirements
- Duly filled application by applicant (RDA Account Holder).
- Copy of CNIC/NICOP/POC of RD Accountholder and Nominee / co-applicant as applicable
- Proof of current Non-Resident Status of RD Accountholder and relationship with Nominee / co-applicant through following documents:
- Proof of being in business or profession of RD Accountholder for last 6 Months’ at minimum.
- Proof of source of income/ funds, through following documents;
- Copy of professional degree of RD Accountholder (for professionals).
- Consent of RD Accountholder for grant of car finance by BOP against his RDA and debit Authority towards recovery of monthly rentals
- Undertaking by RDA holder to continue sending adequate foreign remittance to his RDA to regularly service the proposed car finance facility.
- Documentation requirement as per segment:
| Lien Based | Customer Undertaking to mark lien on collateral, Letter of Lien, Letter of set-off, PG (personal guarantee) |
| Salaried Individual | Salary Slip (if not provided at the time of RDA Opening) |
| Businessmen | Tax return or any other proof of income (If not provided at the time of RDA Opening) Latest 1 year Bank Statement |
| Remittance Based | Remittances through RDA or any other account (Proof required) |
Frequently Asked Questions
1. What is Roshan Digital Account (RDA)?
Roshan Digital Account (RDA) is a major initiative of State Bank of Pakistan, in collaboration with commercial Banks operating in Pakistan. These accounts provide innovative banking solutions for millions of Non-Resident Pakistanis banks (NRPs) seeking to undertake banking, payment and investment activities in Pakistan
2. What is BOP Roshan Apni Car?
BOP Roshan Apni Car is an Auto Loan Facility where RDA holders can enjoy Auto Lease / Loan Facility from BOP on Privilege terms.
3.Who can apply for BOP Roshan Apni Car?
Customers maintaining their Roshan Digital Account (RDA) with BOP.
4.Who can benefit from this offer
BOP RDA Holders and their Family Members in Pakistan.
5. What are the benefits of BOP Roshan Apni Car?
- Fast Track Processing Quick and hassle free processing of Auto loan referrals made under RDA Auto Loan. This includes:
- Privilege Markup Rates
6. Who can be the Local Nominee / Co-Borrower for BOP Roshan Apni Car?
To avail the Roshan Apni Car facility Local Nominee / Co- Borrower is mandatory. Nominee / Co-Borrower has to be from the following categories:
Parents, Siblings, Spouse and Children
7. What are the mandatory requirements to avail BOP Roshan Apni Car?
Mandatory Requirements are:
- Must be BOP Roshan Digital Account Holder
- Local Nominee / Co-Borrower in Pakistan is mandatory.
8. Can I Apply for this facility?
Yes you can if,You are a BOP RDA holder and have a relative in Pakistan who can apply with you as a Nominee / Co-Borrower.
Minimum qualifying criteria;Salaried Individual:
- Minimum Age 21 Years to 65 Years at time of loan maturity
- Currently employed, with a total employment experience of 06 months for permanent and 01 year for contractual
Self Employed Businessmen/Professional:
- Minimum Age 21 to 65 years at time of loan maturity
- Income calculation through bank statement or tax returns
- Minimum 06 months in current Business / Profession.
Remittance based financing:
- Regular remittance credits to your family members (Nominee / Co-Borrower) in Pakistan.
- There is a continuity of remittance – at least 6 regular deposits in Nominee / Co-Borrower’s account through Foreign Account or Roshan Digital Account or Remittance Slips.
Lien based financing:
- Roshan Digital Account holders can avail auto loan against lien on their Pak Rupee Roshan Digital Account or Pak Rupee Naya Pakistan Certificate.
- 100% Lien over Roshan Digital Account balance/ Naya Pakistan Certificate maintained with BOP in PKR and 120% lien over foreign currency deposit to the tune of invoice price of vehicle being leased.
- Financing against Lien on Naya Pakistan Certificate shall be extended with respect to the term / period of Certificate. Where RDA holder wishes to avail facility for extended period he shall arrange the Certificates as per the financing tenure.
9. How can the customer apply for Roshan Apni Car?
- Customer will initiate the auto loan request from RDA webpage on BOP Website www.bop.com.pk
- Customer is required to fill an online application form on Roshan Apni Car Web Portal.
- BOP RDA Customer Nominated Nominee / Co- Borrower in Pakistan will be contacted for further documentation and completion of formalities.
10. How much Loan Facility can I avail?
Maximum Loan Amount can be avail up to 10 Million for Locally Manufactured New and Completely Build Up (CBU) vehicles.
11. What Mode of Financing is offered in BOP Roshan Apni Car?
Financing on Variable Rate
12. What is the period of the Loan?
Maximum up to 07 Years
13. How much initial down payment do I have to make?
- Min 15% of Vehicle’s Value against Non-Lien based Financing
- 0% Equity against Lien Based Financing
14. What is the processing fee?
You have to pay a processing fee of PKR 6,000/- (16% Federal Excise Duty will be levied)
15. What other charges do I have to pay?
All other charges will be applicable as per the Schedule of Service Charges.
16.Which vehicle categories are offered for financing through BOP Roshan Apni Car?
Under Roshan Apni Car Brand New Locally Manufactured and Completely Build Up (CBU) Vehicle financing is offered only.
17.How do I repay the loan?
- Monthly installments shall be paid through Direct Debit Instructions from PKR Roshan Digital Account.
- It is mandatory for Foreign Roshan Digital Account Holder to open Roshan Digital Account in Pak Rupee.
18. Can I repay the loan before the maturity?
Yes, you have the option to repay the loan as per the prevailing SOC’s.
19. What is the security of the loan?
The car is the security, which will be registered in favor of the bank
20. Whose name will the car be booked and registered in?
Vehicle will be booked and registered in the name of the Bank
21. What will be the Loan application Processing time?
05 working days after completion of all required documents.
*TAT may extend in case of any additional scrutiny, delay of documentation or any unforeseen circumstance beyond Bank’s control.
22. What will be the Vehicle delivery time by manufacturer?
Priority delivery up to half of the actual tentative time of delivery as per Provisional Booking Order Form.
*The above mentioned delivery timeline is tentative and subject to change by the manufacturer.
Loan Amount
5874000
Advance amount 2643300
| Year | Number of Installments | EMI | Insurance | Total Monthly Installment |
|---|---|---|---|---|
| 1 | 12 | 99755 | 15419 | 115174 |
| 2 | 12 | 99755 | 13706 | 113461 |
| 3 | 12 | 99755 | 0 | 99755 |
Note: This payment schedule is tentative and just for information. Taxes, Registration Charges, Processing Fees and any other charges to be paid by the
