When disbursing loans and providing loans to replace damaged vehicles and transportation equipment being used commercially in industries and commercial establishments directly affected by the Gen-G movement, the loan-to-value ratio can be maintained at up to 80 percent.
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Banks and financial institutions will be allowed to provide loans of up to 80 percent of the vehicle's price for the purchase of large passenger electric vehicles. The National Bank on Wednesday issued instructions for the implementation of the provision mentioned in the monetary policy. According to which, the loan-to-value ratio can be maintained up to 80 percent while disbursing loans and providing loans to replace damaged vehicles and transportation vehicles that are being used commercially in industries and commercial establishments directly affected by the Gen-G movement. Currently, there is a provision that loans can be provided only up to 60 percent of the price.
'The loan-to-value ratio can be maintained up to 80 percent while disbursing loans for large passenger electric vehicles used as public transport and providing loans to replace damaged vehicles and transportation vehicles that are being used commercially in industries and commercial establishments directly affected by the Gen-G movement,' the directive said.
