Hire purchase facilities are available for purchase of vehicles, consumer goods, electronic goods, agricultural equipment, etc from authorised dealers under the uab Hire Purchase scheme.
Individuals, company, partnership firm, sole proprietor with permanent source of income.
No security is insisted if applicant purchase goods from authorized dealer approved by uab bank.
For HP loan, if not through the approved dealer from uab bank, additional securities such as; land & building / cash margin etc will be decided according to the repayment capacity of the borrower.
|Interest rate||New Car
|Flat Interest scheme – 8.88% p.a|
|Service Charges||New Car
1.00% on loan amount
1.00% to 3.00% on loan amount
|Early Repayment fees||3.00% on prepaid amount ( if paid during the first 2 years of loan period)|
|2.00% on prepaid amount ( if paid during the third year of loan period )|
|1.00% on prepaid amount ( if paid after 3 years of loan period )|