ISLAMABAD: Overseas Pakistanis holding a Roshan Digital Account now have an exciting new opportunity to own a car through the newly launched Roshan Apni Car Scheme.
The State Bank of Pakistan, in collaboration with local banks, has introduced this scheme to allow Pakistanis living abroad to purchase vehicles for their loved ones in Pakistan at highly favourable interest rates.
Key Features of the Scheme:
Digital Process: Overseas Pakistanis can apply online via their bank’s portal, with no paperwork required.
Quick Approval: Loan approvals will be granted within just 4 days of application.
Lower Interest Rates: The loan offers significantly lower interest rates compared to market standards.
Types of Loans Offered:
Floating Rate Loan:
Interest rate varies over time.
Loan Based: If you have funds in your Roshan Digital Account or a New Pakistan Certificate, the loan will be approved at a floor rate plus just 1% additional profit.
Non-Loan Based: Interest is charged at 1% above the six-month KIBOR rate.
Fixed Rate Loan:
Interest rate remains the same throughout the loan term.
The rate is determined based on the bank’s costs or Pakistan’s PKRV (Pakistan Revaluation Rate).
Key Advantages:
Fast Vehicle Delivery: Vehicles will be delivered 50% faster than the usual time.
Fully Digital Process: The entire application and loan process is done digitally, with no need for physical paperwork.
This scheme is a game-changer for overseas Pakistanis who want to provide their families in Pakistan with a car, making the process quick, easy, and cost-effective.
