Soneri Car Finance

Tentative Car Finance Calculation Sheet

Name of Applicant ABC

Car Make Suzuki
Car Model Cultus VXRi EURO II
Car Price PKR 1,124,000
Down Payment Amount PKR 340,000 Equity (%) : 30.25%
Finance Amount PKR 784,000
Tenure in Months 60
Today's 1 Year KIBOR (%)* 6.48%
Spread Rate (%) 4.50%
Mark-up Rate (%) 10.98%

UP-FRONT PAYMENT:

(a) Down Payment PKR 340,000

(b) 1st Year Insurance @ 3.40% PKR 38,216
(c) Processing Fee PKR 6,000
(d) FED on Processing Fee @ 13.00% PKR 780
(e) Cost of Car Registration Charges (Approx.) PKR 30,000
TOTAL UP-FRONT PAYABLE : PKR 414,996

REPAYMENT SCHEDULE

Monthly Monthly Advance Total Monthly

Year
Installment* Insurance Installment Payment
1 PKR 17,038 PKR 2,866 PKR 19,904
2 PKR 17,038 PKR 2,707 PKR 19,745
3 PKR 17,038 PKR 2,548 PKR 19,586
4 PKR 17,038 PKR 2,389 PKR 19,427
5 PKR 17,038 PKR 0 PKR 17,038
Total PKR 1,022,294 PKR 126,113 PKR 1,148,407
*1 Year KIBOR ruling on disbursement date, to be revised on each anniversary of Finance.

Date: 10-Jul-17
Customer Signature