SONERI BANK LIMITED

SONERI CAR FINANCE ELIGIBILITY CRITERIA

ELIGIBLE BORROWERS - Salaried Persons
- Self Employed Professionals
- Business Persons

DEBT BURDEN - Monthly repayment installments not to exceed 40% of the net take home
salary/income or 40% of declared monthly income (taking into account
other financing facilities availed from other Banks/DFI).

SERVICE LENGTH - SALARIED CLASS:

Employment status must be permanent with minimum 2 years continued
service with the same organization.

SELF EMPLOYED PROFESSIONALS / BUSINESS PERSONS:

a) Self-employed professionals e.g. Doctors, Engineers, Architects
etc. must be registered with the concerned professional association.

b) Business Persons must be directors, Partners or Sole Proprietors of
legal entities.

AGE - At the time of applying, applicants age must not be more than;

a) 55 years in case of Salaried persons and
b) 60 years in case of Self Employed / Business persons

BRANCH RELATIONSHIP - Minimum 6 months, however, respective RHs recommendation will
be required for the cases not fulfilling minimum branch relationship
requirement.

PURPOSE OF FINANCE - To purchase brand new un-registered local assembled car for private use

FINANCING AMOUNT - Upto Rs.1.5 Million irrespective of engine capacity

EQUITY/DOWN PAYMENT - Minimum 20% irrespective of finance amount

RE-PAYMENT PERIOD - 1 to 5 Years

MARK-UP RATE* - 1 year KIBOR + 4.5% to 6% p.a. (to be revised on each anniversary of
finance)

PROCESSING FEE - Rs.4,000/-

PRE-PAYMENT CHARGES - 2% pre-payment penalty on outstanding principal amount of finance
being pre-paid

LATE PAYMENT CHARGES - Rs.500/- per installment per month

INSURANCE - Car financed are to be comprehensively insured with any of the
Insurance Companies listed on the approved panel of Soneri Bank.
Insurance Premium is payable up-front for each year during the life of
the loan.

OTHER CHARGES - a) Documentation Charges (at actual)
b) Income Estimation Charges (if applicable)


*Subject to change from time to time.