FLEXIBLE CREDIT PLAN TERMS &...
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FLEXIBLE CREDIT PLAN TERMS & CONDITIONS DEFINITIONS: a) Flexible credit plan (hereafter called FCP) means the purchase of goods and services by the card member for which the card member utilizes the available credit limit and repays the transaction amount in equal monthly installments according to FCP terms & conditions. b) FCP terms/period is the number of monthly installments as selected by the card member at the time of availing FCP. Askari Mastercard, however at its own discretion can change the FCP term/period without assigning any reason. c) FCP service charges mean fee, as the bank may specify from time to time through the schedule of Bank charges or through written notice to the card member and payable by the card member in relation to FCP. d) Total FCP price includes the purchase price and applicable FCP service charges. 1. ELIGIBILITY 1.1 FCP is offered exclusively to the card member subject to the condition that payments against has/her card are in good standing as per the terms & conditions and the card member has an available credit limit on the card account. If a card member fulfills the terms & conditions, he/she may be eligible for availing FCP. 1.2 All good(s) and service(s) offered by Askari Mastercard through monthly leaflets can only be booked on FCP. 2.CONDUCTING FCP TRANSACTION: 2.1 e card member may avail FCP facility by submitting FCP application form according to the terms & conditions of the Bank. Subject to Bank’s approval, the supplementary card member may also avail FCP facility according to the provisions hereof and the terms & conditions. 2.2 e Bank shall process and authorize FCP transaction on the request by basic card holder, provided that the amount of the FCP transaction is within the available credit limit and card account is in good standing as per the rules and regulations adopted by the bank and the term & conditions. e approved FCP transaction will appear on the next statement account. 3.BILLING AND PAYMENT OF FCP INSTALLMENTS: 3.1 Based on acceptance of the FCP application/instruction, the FCP installments shall be billed to the card member starting immediately in the statement of account after the date of FCP transaction approved and processed and every month thereafter until the total FCP price is settled and paid in full. 3.2 In case of availing FCP facility, the minimum payment amount of the statement of account shall be included, but is not limited to all outstanding liabilities and other amounts, plus the FCP monthly (s) and any excess amount over the credit limit and all past due amounts, if any. 3.3 If the card member pays less then the monthly minimum amount on the payment due date specified in the statement of account, in that case the card member becomes liable to pay applicable service fee/charges according to the Bank’s Schedule of Charges (SOC). 3.4 e card member may be allowed to repay the outstanding, FCP amount in one lump sum payment subject to the payment of charges to Bank. e Bank may, from time to time, as deems fit in its absolute discretion, revise the processing charges. 3.5 In case the card is cancelled or not renewed by the bank or card member terminates the card, the FCP transaction is terminated automatically and the card member is to pay remaining installments immediately along with the early pay charges upon receipt of the statement of account. 4.SECURTIY e good(s) and service(s) to be booked under FCP shall be deemed to be hypothecated in favor of the Bank pursuant to the provisions of clause 6 of terms & conditions. e card member shall not make any statement or representation, which is in conflict with the above positions. e card member shall not sell, rent out, mortgage or assign the good(s) or encumber the same or in any other manner transfer the good(s) or any interest, therein to any person or party. e card member shall exercise proper diligence in the use and maintenance of the good(s). 5.PRODUCT LIABILITY e bank shall not be liable for any damage or loss incurred by the card member arising out of the purchase, installations, use or otherwise of the goods and or services under FCP for any negligence, breach of statutory or other duty on the part of the Bank nor shall the Bank be responsible in anyway for the quality of the good(s) and / or service(s) booked on FCP or otherwise. Any complaint as to the quality of good(s) purchased or service(s) rendered through FCP shall be referred to the supplier or merchant and shall not affect the card member’s obligation to continue paying the monthly FCP installments to the Bank. 6.MODIFICATIONS, AMENDMENTS AND CANCELATION 6.1 e Bank is entitled at any time and without any prior notice or liability to the card member in any manner, whatsoever, to terminate FCP or cancel or vary its benefits or features, or vary, or add or delete any of the FCP terms & conditions. e Bank is also entitled to determine the minimum transaction amount allowed under FCP for each particular offer. 6.2 e Bank reserves the right to disqualify any card member from further participation, if in its judgment, the card member has anyway violated the FCP terms & conditions and/or any reason that the Bank deems fit without assigning any reason whatsoever. 6.3 e Bank shall be entitled to disallow/refuse any application/instructions submitted by the card member under FCP without assigning any reason whatsoever. 7.INDEMINITY: 7.1e Bank shall not be liable if it is unable to perform its obligations under FCP terms & conditions, due directly or indirectly to the failure of any machinery or communication system, industrial dispute, war or natural calamities, or anything outside the control of the Bank. 7.2 ese FCP terms & conditions herein shall be without prejudice and in addition to the credit card terms & conditions governing the issue of and use of the card and shall be applicable to FCP transaction. If at any time, dispute arises in connection with FCP terms & conditions, the Bank’s decision in connection with same shall be final and binding. NOTE: 1. Processing Charges - FCP Rs. 550 or 3.20% whichever is higher. 2. Early Termination Charges - FCP Rs 1000/- or 5.5% of the outstanding amount, whichever is higher.
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Transcript of FLEXIBLE CREDIT PLAN TERMS &...
FLEXIBLE CREDIT PLAN TERMS & CONDITIONSDEFINITIONS:a) Flexible credit plan (hereafter called FCP) means the purchase of goods and services by the card member for which the card member utilizes the available credit limit and repays the transaction amount in equal monthly installments according to FCP terms & conditions.b) FCP terms/period is the number of monthly installments as selected by the card member at the time of availing FCP. Askari Mastercard, however at its own discretion can change the FCP term/period without assigning any reason.c) FCP service charges mean fee, as the bank may specify from time to time through the schedule of Bank charges or through written notice to the card member and payable by the card member in relation to FCP.d) Total FCP price includes the purchase price and applicable FCP service charges.
1. ELIGIBILITY1.1 FCP is o�ered exclusively to the card member subject to the condition that payments against has/her card are in good standing as per the terms & conditions and the card member has an available credit limit on the card account. If a card member ful�lls the terms & conditions, he/she may be eligible for availing FCP.1.2 All good(s) and service(s) o�ered by Askari Mastercard through monthly lea�ets can only be booked on FCP.
2.CONDUCTING FCP TRANSACTION:2.1 �e card member may avail FCP facility by submitting FCP application form according to the terms & conditions of the Bank. Subject to Bank’s approval, the supplementary card member may also avail FCP facility according to the provisions hereof and the terms & conditions.2.2 �e Bank shall process and authorize FCP transaction on the request by basic card holder, provided that the amount of the FCP transaction is within the available credit limit and card account is in good standing as per the rules and regulations adopted by the bank and the term & conditions. �e approved FCP transaction will appear on the next statement account.
3.BILLING AND PAYMENT OF FCP INSTALLMENTS:3.1 Based on acceptance of the FCP application/instruction, the FCP installments shall be billed to the card member starting immediately in the statement of account after the date of FCP transaction approved and processed and every month thereafter until the total FCP price is settled and paid in full.3.2 In case of availing FCP facility, the minimum payment amount of the statement of account shall be included, but is not limited to all outstanding liabilities and other amounts, plus the FCP monthly (s) and any excess amount over the credit limit and all past due amounts, if any.3.3 If the card member pays less then the monthly minimum amount on the payment due date speci�ed in the statement of account, in that case the card member becomes liable to pay applicable service fee/charges according to the Bank’s Schedule of Charges (SOC).3.4 �e card member may be allowed to repay the outstanding, FCP amount in one lump sum payment subject to the payment of charges to Bank. �e Bank may, from time to time, as deems �t in its absolute discretion, revise the processing charges.3.5 In case the card is cancelled or not renewed by the bank or card member terminates the card, the FCP transaction is terminated automatically and the card member is to pay remaining installments immediately along with the early pay charges upon receipt of the statement of account.
4.SECURTIY�e good(s) and service(s) to be booked under FCP shall be deemed to be hypothecated in favor of the Bank pursuant to the provisions of clause 6 of terms & conditions. �e card member shall not make any statement or representation, which is in con�ict with the above positions. �e card member shall not sell, rent out, mortgage or assign the good(s) or encumber the same or in any other manner transfer the good(s) or any interest, therein to any person or party. �e card member shall exercise proper diligence in the use and maintenance of the good(s).
5.PRODUCT LIABILITY�e bank shall not be liable for any damage or loss incurred by the card member arising out of the purchase, installations, use or otherwise of the goods and or services under FCP for any negligence, breach of statutory or other duty on the part of the Bank nor shall the Bank be responsible in anyway for the quality of the good(s) and / or service(s) booked on FCP or otherwise. Any complaint as to the quality of good(s) purchased or service(s) rendered through FCP shall be referred to the supplier or merchant and shall not a�ect the card member’s obligation to continue paying the monthly FCP installments to the Bank.
6.MODIFICATIONS, AMENDMENTS AND CANCELATION6.1 �e Bank is entitled at any time and without any prior notice or liability to the card member in any manner, whatsoever, to terminate FCP or cancel or vary its bene�ts or features, or vary, or add or delete any of the FCP terms & conditions. �e Bank is also entitled to determine the minimum transaction amount allowed under FCP for each particular o�er.6.2 �e Bank reserves the right to disqualify any card member from further participation, if in its judgment, the card member has anyway violated the FCP terms & conditions and/or any reason that the Bank deems �t without assigning any reason whatsoever.6.3 �e Bank shall be entitled to disallow/refuse any application/instructions submitted by the card member under FCP without assigning any reason whatsoever.
7.INDEMINITY:7.1�e Bank shall not be liable if it is unable to perform its obligations under FCP terms & conditions, due directly or indirectly to the failure of any machinery or communication system, industrial dispute, war or natural calamities, or anything outside the control of the Bank.7.2 �ese FCP terms & conditions herein shall be without prejudice and in addition to the credit card terms & conditions governing the issue of and use of the card and shall be applicable to FCP transaction. If at any time, dispute arises in connection with FCP terms & conditions, the Bank’s decision in connection with same shall be �nal and binding.
NOTE:1. Processing Charges - FCP Rs. 550 or 3.20% whichever is higher. 2. Early Termination Charges - FCP Rs 1000/- or 5.5% of the outstanding amount, whichever is higher.
Microwave Oven
Model Features CapacityInverter TS 15Inverter TS 30
Inverter TechnologyInverter Technology
Turbo ModeTurbo Mode
Wide AngleWide Angle
1 Ton1.5 Ton
Inverter AC
Flexible Credit Plan (FCP) with Askari Mastercard Credit Card
RETAIL PRICE PKR
3MONTHS
6MONTHS
12MONTHS
18MONTHS
9MONTHS
24MONTHS
63,58073,080
21,193 24,360
10,597 12,180
7,064 8,120
5,298 6,090
4,804 5,522
3,921 4,507
ModelProduct Specification
Product Specification
Energy Saving Space saving compact design
Washing Machine
Flexible Credit Plan (FCP) with Askari Mastercard Credit Card
RETAIL PRICE PKR
3MONTHS
6MONTHS
12MONTHS
18MONTHS
9MONTHS
24MONTHS
23,77012,460
7,923 4,153
3,962 2,077
2,641 1,384
1,981 1,038
1,796 941
1,466 768
DW-8500DW-5100Dual Water FallVibration free operation
Extreme DryerPowerful pulsator- for a better wash
Product Specification
Features91996 ES Plus
Freezer Eutactic plate
Refrigerator
Flexible Credit Plan (FCP) with Askari Mastercard Credit Card
RETAIL PRICE PKR
3MONTHS
6MONTHS
12MONTHS
18MONTHS
9MONTHS
53,760 17,920 8,960 5,973 4,480 4,062
23% energy saving10% Excess Usage Capacity
24MONTHS
3,315
ModelProduct Specification
FeaturesDW-540 AF One Drop of Oil
2.00%MARK-UP PER MONTH
Flexible Credit Plan (FCP) with Askari Mastercard Credit Card
RETAIL PRICE PKR
3MONTHS
6MONTHS
12MONTHS
18MONTHS
9MONTHS
0% MARK-UPMONTHLY INSTALLMENT
25,460 8,487 4,243 2,829 2,122 1,924
53 in-built RecipesFree Cook Book by Chef Mehboob
24MONTHS
1,570
Deep Freezer (STUCCO SERIES)
Flexible Credit Plan (FCP) with Askari Mastercard Credit Card
RETAIL PRICE PKR
3MONTHS
6MONTHS
12MONTHS
18MONTHS
9MONTHS
36,420 12,140 6,070 4,047 3,035 2,752
24MONTHS
2,246
Model
Features
Capacity
DF-300
Front Drain - Easy CleaningEasy Grip Handle
300 L/Cft
Product Specification
2.00%MARK-UP PER MONTH
2.00%MARK-UP PER MONTH0% MARK-UP
MONTHLY INSTALLMENT
0% MARK-UPMONTHLY INSTALLMENT
2.00%MARK-UP PER MONTH0% MARK-UP
MONTHLY INSTALLMENT
2.00%MARK-UP PER MONTH0% MARK-UP
MONTHLY INSTALLMENT
