POWER DRIVE (AUTO IJARAH)
                                                   New -Used -Reconditioned (Private / Commercial) Vehicles
 

Features

It is a tailor-made lease facility designed for salaried persons, self-employed and corporate entities. With “Power Drive” you get:

• Option to get vehicle of your choice, budget and preference for a period ranging between 3 to 5 years.
• Quick Approval.
• Low monthly lease rent.
• Low security deposit / down payment.
• Comprehensive vehicle insurance at competitive rates from reputable insurance companies.
• Option to lease vehicle tracking device and CNG kit.

Terms & Conditions

The following documents are normally required:

• Copy of NIC.
• Copy of last six months bank statement.
• Copy of any of recent utility bills / credit card bills received at the residential address as mentioned in this application.
• Personal Guarantee of person's of equal status as that of the applicant.
• Original / certified copy of recent salary slip. (if applicable)
• Copy of last year’s Tax Assessment Statement. (if applicable)
• Company Profile. (if applicable)
• Financial Statements (audited) or Management Accounts for last two years or one year bank statement. (if applicable)
• Memorandum & Articles of Association in case of a Joint Stock Company or Partnership Deed in case of a partnership firm.
• Form 29. (if applicable)

The following conditions will apply:

• The maximum lease tenure for new 800 c.c. car is 4 years.
• Models of used/reconditioned cars should not be older than 5 years from the date of application.
• Minimum 20% down payment will be applicable on used/reconditioned vehicles.