PUBLIC

Saadiq Auto Finance Pricing

Standard Chartered Bank (Pakistan) Limited has announced the following rental rate on Saadiq Auto Finance Facility it offers to the customers.

These rental rates are applicable for May 2022.

Fixed Floating

FTV EB & Priority Non-EB EB & Priority Non-EB

<=70% 18.50% 19.00% 1 Yr KIBOR + 3.5% 1 Yr KIBOR + 4%

>70% 19.00% 19.50% 1 Yr KIBOR + 4% 1 Yr KIBOR + 4.5%

Tracker will be mandatory on cases having FTV >70% 1 Year KIBOR: 15.13%

Floor for overall rental rates: 0.50% Asset customers / Repeat Customers:
Cap for overall rental rate: 35.00% (At least 2 years On-us facility): -1%
- Floating - Floor of K+3%
- Fixed – Floor of 17.5%