SBP cuts car loan tenure to three years

KARACHI: The State Bank of Pakistan (SBP) on Tuesday reduced the tenure for car loan to three years from five years in order to curb demand to support balance of payment and devaluation of Pakistan Rupee (PKR). The SBP issued Circular No. 19 of 2022 to amend prudential regulations related to consumer financing. READ MORE: […]

by Faisal Shah

Car loans shrink by 55.3pc on non-filers restriction: State Bank

Jan 30

Money & Banking

Car loans shrink by 55.3pc on non-filers restriction: State Bank

KARACHI: The car financing has significantly declined by 55.3 percent during first quarter of current fiscal year due to restriction imposed by the government on non-filers to purchase cars. Banks have extended car loans amounting Rs5 billion during first quarter (July – September) of fiscal year 2018/2019 as compared with Rs11.2 billion in the same […]

by Anjum Shah

Tag: car loans

SBP cuts car loan tenure to three years

Car loans shrink by 55.3pc on non-filers restriction: State Bank

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