Allied Scooty Finance

• Women-centric financing with lowest conceivable mark-up rate

• Flexible tenure: Choose from 1 to 4 years

• Loan amount: Up to Rs. 400,000/-

• Personal Equity: Minimum 30%

• No hidden costs

You are eligible to apply for Scooty finance from Allied Bank if:

• You are a Pakistani national
• You are minimum 21 years old
• You have minimum 6 months of account relationship with ABL or 1 year with any other bank

In case of Salaried Individual

• You are maximum 59 years old
• You are permanent or direct contract employee
• Six (6) salaries have credited in your salary account during last 6 months
• You have minimum net monthly salary of Rs. 35,000/-

In case of Self-employed Individual

• You are maximum 64 years old
• You are in business for at least 1 year
• You have minimum net monthly income of Rs. 50,000/-

To apply for Allied Scooty Finance, please submit:

• Proof of income

• Last 6 months’ bank statement

• Copy of CNIC / Smart NIC / NICOP

• 2 recent passport-size photographs

• Completed and signed application form

Pricing of Allied Scooty Finance

Q: Who can apply for Allied Scooty Finance

Resident Pakistani salaried females (21–59 years) and self-employed females (21–64 years) may apply.

Q: What is the minimum monthly income required to apply?

• Rs. 35,000/- for salaried females

• Rs. 50,000/- for self-employed females

Q: In which cities is Allied Scooty Finance available?

Currently offered in:

Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, Multan

Q: Which Scooties can be financed?

Brand new locally assembled/manufactured Scooties—conventional, electric, or hybrid—registered with the excise/motor vehicle department.

Q: What is the maximum financing amount?

Up to PKR 400,000/-, subject to eligibility.

Q: What is the mark-up rate?

1-Year KIBOR + 0.5% or as per prevailing Schedule of Charges.

Q: Is the markup fixed or variable?

It’s a floating/variable markup rate, repriced annually based on KIBOR. Bank’s spread remains fixed.

Q: What is the loan tenure?

From 1 to 4 years

Q: How do I repay the loan?

Through equal monthly instalments (EMIs) as per repayment schedule.

Q: What are the repayment methods?

Instalments are auto-debited from your ABL account via Direct Debit Authority.

Q: What minimum balance must I maintain in my account?

You must maintain:

EMI + applicable charges on due date.

Q: Can I make balloon payments?

Yes, up to 2 balloon payments allowed after 1 year.

Each balloon = minimum 6 monthly EMIs.

Second balloon allowed after 6-month gap.

Q: Can I repay early?

Yes, full prepayment is allowed before maturity.

Q: What are the prepayment charges?

As per prevailing Schedule of Charges (SOC).

Q: Will I pay the insurance premium directly?

• 1st year’s premium: Paid upfront with down payment to ABL

• Remaining: Paid in EMIs

Q: How will my Scooty be insured?

You can choose an insurance provider from ABL’s panel.

ABL will arrange the insurance at corporate rates.

Q: How will the Scooty be secured?

Through comprehensive insurance for the loan tenure.

Q: What is the loan security?

• Scooty will be hypothecated in favor of ABL

• Lien marked with Excise & Taxation Department

Q: What payments are due after Offer Letter acceptance?

• Equity (Down Payment)

• Processing Fee

• 1st Year’s Insurance Premium

Q: What is the minimum down payment?

At least 30% of the Scooty’s ex-factory price

Q: Will I be charged a processing fee if the application is rejected?

No. It’s charged only after loan approval and Offer Letter signing.

Q: Will ABL finance beyond ex-factory price?

No. Financing is limited to listed/ex-factory price only.

Q: Will the Bank finance Scooty accessories?

No. Only the ex-factory Scooty price is covered.

Q: How do I apply?

Visit your nearest ABL branch or call the ABL Helpline: 042-111-225-225.