Soneri Bank Loan – Soneri Bank Personal Loan – Soneri Bank Car Loan
Soneri Car Finance Loan
Soneri Ghar Finance Loan
Soneri Personal Finance Loan
Terms & Conditions – Soneri Personal Finance
Terms & Conditions – Soneri Personal Finance Scheme
Currently only offered in Karachi, Lahore, Rawalpindi, Islamabad, and Hyderabad
Purpose of Finance
To meet personal, domestic, and household needs
Eligible Borrowers
Salaried individuals of approved companies (payroll accounts with Soneri Bank Limited)
Salaried individuals of approved companies (other than payroll accounts)
Financing Amount
Upto Rs.1 million (upto Rs.2 million for prime customers)
Tenure
1 Year to 5 Years
Also Check: Akhuwat Loan Scheme
Also Check: Prime Minister Youth Loan Scheme 2023
Also Check: Prime Minister Laptop Scheme 2023
Also Check: UBank Loan Pakistan
Mark-up Rate*
1 Year KIBOR plus 10% (in case of BTF, 2% rate break will be allowed/given)
Monthly Net Take-home Salary
Rs.25,000/- for salaried individuals of approved companies (payroll accounts with Soneri Bank Limited)
Rs.40,000/- for salaried individuals of the approved company (other than payroll accounts)
Length of Service
Min 1 year in current employment or 2 years of continuous employment with permanent status
Age
Minimum 21 years and maximum 60 years at the time of loan maturity
Debt Burden
Total monthly repayment installments not to exceed 40% of the net take-home salary (taking into
account other financing facilities availed from different banks/DFIs)
Processing Fee
Rs. 3,000/- (plus FED) or 1% of the finance amount whichever is higher, per approved application. No
processing fee on declined applications.
Pre-Payment/Balloon Payment Charges
6.5% pre-payment charges on the principal amount being prepaid
Late Payment Charges
Rs. 925/- (plus FED) per installment per month
Documentation Charges
At actual (Additional 7.50% service charges on the actual cost of stamp papers / adhesive stamps)
Other Charges
Digital External Verification Charges: At actual
ICB Report Charges: At actual
Issuance of Loan Balance Certificate: Rs.350/- (plus FED)
Personal Life Insurance
Free of cost, upto outstanding finance amount
All Loan
All Pakistani residents, aged between 21 and 45 years with entrepreneurial potential are eligible to apply for the loan. For IT/ E-Commerce related businesses, the lower age limit is 18 years. Youth Entrepreneurship Scheme is for both startups and the expansion of existing businesses across Pakistan. Loan applications have to be submitted online (hyperlink) only through our website.
Loans provided under YES are segregated into 3 tiers.
Tier 1
The range is 100,000 up to 1 million PKR with a 3% markup. No Security is required for a loan in this tier.
Tier 2
The range is above 1 Million up to 10 Million PKR with a 4% markup.
Tier 3
The range is above 10 Million up to 25 Million PKR with a 5% markup.
Eligibility Criteria / Target Market
Men/Women aged between 21 & 45 years with entrepreneurial potential
For IT/E-Commerce related businesses, the lower age limit will be 18 years
25% will go to women borrowers
All sectors and products, including agriculture, are eligible.
Soneri Bank Loan – Soneri Bank Personal Loan – Soneri Bank Car Loan