ICON Sourcing - Honest Dealings

Leasing / Installments facility is also available @ Icon Sourcing. Maximum limit is Rs. 60,000/- but it can be revised on case to case basis. At the momnt leasing is available for Karachi residents only.

Requirements:

• Application form, to be collected from ICON.
• Copy of CNIC & one recent pasport size photograph.
• Copy of CNIC & visiting card of personal guarantor.
• Copy of residence utility bill.
• Post dated cheques, required only on approval of Leasing.
• Guarantor will be required to sign an affidavit for complete responsibility.

Who cab be a guarantor (Most Important): 

• Must be a permanant employee of a Bank or Known Multi-National company.
• Approval or Rejection of a guarantor is done by the leasing company and ICON has no part in the process.

Procedure:
Once you select the laptop you need, you submit the first 4 required documents along with the down payment in cash. Your case is then sent for the approval. 

Approval Process require 2 to 3 working days, which involves verifications and affidavt signautures by the guarantor. If the case is approved, you submit the required 3/6/12 posted dated cheques depending on the tenure of the leasing and the Laptop is delivered to you.

In case, if the application is rejected, Rs. 800/- will be deducted as the processing fees and balance of down payment will be returned back to applicant. 

Example of Calculation:
To give you an idea of the calucations for leasing / installments, please consider following example:

If Leasing Amount is: Rs. 55,000/-

Down-payment will be : Rs. 17,300/-

03 Monthly Installments: Rs. 15,675/-
06 Monthly Installments: Rs. 7,975/-
12 Monthly Installments: Rs. 4,194/-
 
Imortant Note:
Prices mentioned on our websites are for cash purchases only, leasing price may be different from the web-mentioned prices.

How much extra do you pay:
Taking the above example, for a typical 12 months leasing you pay approx. 12000/- extra for 12 months i.e. only 1000/- a month, which is very nominal, we guess.