Bank Terms & Condition
How to avail Silk Bank Installment Plan
- Visit our website or any outlet to purchase with your Silk bank credit card and fill the form to convert the transaction into an installment plan of your choice.
- Once the purchase is made and the form is filled out, Silk bank will arrange call back to the customers to confirm and convert the transaction into installment plan.
Terms & Condition:
- This offer is only valid to Silk bank customers and credit card holders only.
- Enjoy 0% mark-up by opting up to 6 months installment plan furthermore, customer can also choose from installment plans involving tenure of 9,12,18,24 and 36 months at a rate of 2% per month (Flat).
- Minimum transaction value should be PKR 10,000/- to book an installment plan.
- The conversion of purchase to monthly installment may take up to 7 working days.
- Processing fee of Rs.1500 or 1.5% whichever is higher + FED is applied.
- The bank is only providing installment plan service and is not acting as corporate agent/distributor of third-party product/services, and shall not to be held in any manner to any claim or to any person.
- Silkbank shall have the right to terminate the offer without assigning any reason and without prior notice.
- Product warranty will be as per brand terms & policies.
- 0% mark-up installment plan is available for tenure up to 6 months furthermore, customer can also choose from installment plan involving tenure of 9,12,18,24 and 36 months at a rate 2% per month (flat).