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Women-centric financing with the lowest conceivable mark-up rate
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Flexible tenure: Choose from 1 to 4 years
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Loan amount: Up to Rs. 400,000/-
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Personal Equity: Minimum 30%
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No hidden costs
You are eligible to apply for Scooty Finance from Allied Bank if:
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You are a Pakistani national
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You are minimum 21 years old
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You have a minimum 6-month account relationship with ABL, or 1 year with any other bank
In Case of Salaried Individual
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You are maximum 59 years old
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You are a permanent or direct contract employee
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Six (6) salaries have been credited to your salary account during the last 6 months
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You have a minimum net monthly salary of Rs. 35,000/-
In Case of Self-Employed Individual
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You are maximum 64 years old
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You have been in business for at least 1 year
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You have a minimum net monthly income of Rs. 50,000/-
To apply for Allied Scooty Finance, please submit:
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Proof of income
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Last 6 months’ bank statement
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Copy of CNIC / Smart NIC / NICOP
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2 recent passport-size photographs
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Completed and signed application form
Pricing of Allied Scooty Finance
| Category | Rate |
|---|---|
| All Segments | 1YK + 0.5% |
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?
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Rs. 35,000/- for salaried females
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Rs. 50,000/- for self-employed females
Q: In which cities is Allied Scooty Finance available?
Currently offered in:
Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, and 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 (SOC).
Q: Is the markup fixed or variable?
It’s a floating/variable markup rate, repriced annually based on KIBOR. The 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 the 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 the due date.
Q: Can I make balloon payments?
Yes, up to 2 balloon payments are allowed after 1 year.
- Each balloon = minimum 6 monthly EMIs.
- Second balloon allowed after a 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?
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1st year’s premium: Paid upfront with down payment to ABL
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Remaining: Paid in EMIs
Q: How will my Scooty be insured?
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You can choose an insurance provider from ABL’s panel
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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?
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Scooty will be hypothecated in favour of ABL
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Lien marked with Excise & Taxation Department
Q: What payments are due after Offer Letter acceptance?
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Equity / Down Payment
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Processing Fee
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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 the ex-factory price?
No. Financing is limited to the 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.