It’s rare that banks have offered such schemes for its customers. But now Bank of Khyber makes this happen, in term of motorcycle scheme. Through this one can get loan for Honda Bike through an easy criterion. While entire financing process will follow Islamic banking roles. So, extra interest will not apply on financer. Only thing to consider is that this scheme is only for govt and semi government employees. If they attach their salary transfer mode to this bank, then no one will stop them from new Honda Bike without paying any down payment. Overall it’s not a big deal, that one will receive salary through this bank. They are safe, and have good worth in this sector. Further other benefits and key criteria of this scheme are listing below.
- Only financer will register this bike on his own name.
It’s essential for employee that he will get salary from this bank.
Undoubtedly, this eligibly is very easy to full fill. There is no need to submit extra documents in term of proof.
- There is no need to pay a down payment.
Interest rate is little one.
- Most importantly, one will set payment return period from 3 to 5 years.
Mean while one also has edge of Islamic mode.
Note: Ending date of this scheme is not mentioning any where, but bank has right to make any change or closing it.
Overall this scheme is only from customer, because bank has very few benefits from it. In this long duration, a very little amount will detect from salary in term of installment. As mention earlier, that up to now this is one most appropriate scheme from any bank of this province through which a common person will get benefit.
From reviews of this schemes, it seems that this is one of best initiative from this platform. Its need that like this one, they will declare more scheme through which a white collar person will get benefit.