Application Procedure

An Individual must fulfill the following requirements to be eligible for applying the  finance services.
. Must have a valid Computerized National Identity Card (CNIC).There should be two copies  of CNIC.
. The Utility bill (must be electricity) must be paid on current month.
. Four Passport size pictures.
  .20% downpayment(pay order /online bank transfered/cash)
 .There must be two Guarantors are required from applicant's side.
   a: The guarantor's age doesnot exceed from 60 years.
   b:The CNIC copy of each guarantor.
   c: Contact details of guarantor.(Cell number & Address)
For Properties & Vehicles                                        Details
Finance Amount                                                   Minimum 500000
                                                                                     Maximum 20000000
Markup rate  for Properties                          10 % per annum & 5 to 7 % average
Markup rate for Vehicles                               15 % per annum & 9 % average
Finance Tenure                                                  Minimum 1 Year & Maximum 7 Years
for Vehicles                  
Finance Tenure for properties                 Minimum year 1 & Maximum 20 Years                 
Primary Borrower's Age
Salaried                                                              Minimum Age 21
                                                                              Maximum age 60 (at the time of applying)
Enterpreneur/Business                              Minumum age 21
                                                                              Maximum age 60 (at the time of applying)
 
Equal monthly installments comprising principal and mark-up according to the amortization schedule based on pricing and tenure. The amortization schedule will be revised consequent upon review of the floating rate at the specified intervals.
You can apply by visiting our Branches or Call us
0213-5343734
Our dedicated staff will help you complete your loan application form and other formalities.
How to apply:
You can also submit your details here, our staff will contact you.
MEMON CORPORATION PVT LTD
Cost
         1,000,000
Downpayment
            200,000
Leasing Amount
            800,000
Interest Rate
                  0.15
Period/time
2
No of Year
Leasing Amount
Principle
Markup
Total
Instalment per month
1
              800,000
            400,000
         120,000
           520,000
                          43,333
2
              400,000
            400,000
           60,000
           460,000
                          38,333
                                                                                                      
 
MEMON CORPORATION PVT LTD
 
 
 
 
 
 
cost
3000000
downpayment
600000
leasing amount
2400000
mark up
0.1
period/time
4
no.of year
leasing amount
principle
mark up
total
instalment per month
1
2400000
600000
240000
840000
70000
2
1800000
600000
180000
780000
65000
3
1200000
600000
120000
720000
60000
4
600000
600000
60000
660000
55000