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Headquarters of Alfalah Insurance on I.I. Chundrigar Road in Karachi. The roots of the bank go back to the Bank of Credit and Commerce International (BCCI), which had three branches in Pakistan. [4] These were taken over by the State Bank of Pakistan to safeguard consumer interests, under a new identity of Habib Credit and Exchange Bank (HCEB). [2]
An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; [1] normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage loan, for example, is a type of installment loan.
Consider a secured installment loan: Some lenders offer secured installment loans to those with poor credit. These loans are backed by collateral, like a house or car, reducing the risk for the ...
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
Installment fees or service charges are another consideration when choosing a car insurance payment plan. Credit card companies and financial institutions usually charge a fee to process payments ...
Uptake of BNPL loans is slowing down, but retailers and credit cards are just getting started offering their own riffs on the services.
Insurance in Pakistan is regulated under the Insurance Ordinance, 2000. It is divided into three components: life insurance, general insurance and health insurance.The Government of Pakistan established the Department of Insurance in April 1948 as a department of the Ministry of Commerce; the aim of this department is to take care of affairs related to the insurance industry.
NIB Bank Limited, a Temasek's subsidiary in Pakistan, is a major shareholder of PICIC Insurance Limited with a 30% stake. Temasek Holdings is an investment company owned by the government of Singapore , through which is managed a portfolio of more than US$100 billion, focused primarily in Asia.