Accelerate your business with UBL. Now acquire commercial vehicles for your business and passenger vehicles for your employee through UBL Fleet Financing.
Salient Features
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No Additional Collateral
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Customized Financing solutions
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Competitive mark-up rates
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Repayment tenure upto 5 years
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Quick processing and personalized relationship management
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Nominal processing charges
UBL Fleet Finance is available for a variety of Vehicles:
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Local assembled / Imported
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E- Vehicles available
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New / Used
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Private Vehicles for business purpose. (Car, SUV, etc.)
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Commercial Vehicles (long vehicle Trucks, Buses, etc.)
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Body / Fabrication attached to a Commercial Vehicle
Eligibility Criteria
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Type of Entities: Proprietorship, Partnership and Private / Public Limited Companies
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Experience: Last 3 years in same business
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Age: Min 21 & Max 65 years for Sole Proprietor / Self-Employed (at the time of maturity of loan)
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Term Loan: Vehicle in the name of customer with HPA marked in favor of UBL
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Lease Finance: Vehicle in the name of UBL.
Documents required
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Customer request letter (Loan Application Form)
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Valid CNIC
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Audited Financial statements
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Experience proof
Contact # 0800-55-825
FAQs – Fleet Financing
Who can apply for Fleet Financing?
Proprietorships, Partnerships, Private Limited Companies, and Public Limited Companies meeting the eligibility criteria can apply.
What types of vehicles are eligible for financing?
The following vehicles are eligible:
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Local Assembled Vehicles
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Imported Vehicles
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Electric Vehicles (E-Vehicles)
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New Vehicles
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Used Vehicles
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Private Vehicles (Cars, SUVs, etc.)
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Commercial Vehicles (Long Vehicle Trucks, Buses, etc.)
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Body/Fabrication attached to Commercial Vehicles
Can both commercial and passenger vehicles be financed?
Yes. UBL Fleet Financing covers commercial vehicles for business operations as well as passenger vehicles for employee transportation.
Is financing available for body fabrication?
Yes. Financing is available for body fabrication attached to eligible commercial vehicles.
Is additional collateral required?
No. Fleet Financing is offered without any additional collateral, subject to UBL's financing policy and credit assessment.
What is the repayment tenure?
The repayment tenure is available for up to 5 years, depending on the approved financing terms.
Can I finance used vehicles?
Yes. Financing is available for both new and used vehicles, subject to UBL's eligibility criteria and financing policy.
What is the security for Fleet Financing?
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Term Loan: Vehicle is registered in the customer's name with Hypothecation (HPA) in favor of UBL.
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Lease Finance: Vehicle remains registered in the name of UBL.
What are the repayment options?
Repayment can be made through Account Debit Authority, Cashier Cheque, Cheque, Cash, Online Transfer, or other approved payment channels.
How can I apply for Fleet Financing?
You can visit your nearest UBL branch or contact your UBL Relationship Manager to discuss your financing requirements and begin the application process.
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