Soneri Bank Limited

Soneri Bank Limited provides a range of banking solutions in Pakistan. These services cover personal, business, Islamic, and digital channels. The bank offers various branded products with specific technical features.

Conventional Banking Services

Soneri Current Account requires a PKR 25,000 minimum opening balance. It links free 24/7 access to Internet and mobile banking. Soneri SME Current Account has no minimum balance with an average monthly balance of PKR 25,000. It allows unlimited debit transactions via POS and ATM devices. The Soneri Asaan Current Account features a zero minimum balance and instant digital opening with biometric verification. Soneri Ikhtiar Account offers a cheque-book facility with real-time SMS alerts. It includes an overdraft facility up to PKR 100,000 at KIBOR + 1%. Soneri Kisaan Current Account is for farmers. It provides a free cash deposit limit of PKR 200,000 per month. SMS-based crop-financing disbursement notifications are included. Soneri Pensioners Current Account is a dedicated pension crediting channel with zero transaction fees. Pensioners also receive priority branch counter service. Soneri Freelancer Account provides foreign remittance auto-conversion at the interbank Forex rate. It offers free Remit Direct linkage for online platforms. Soneri Sarmaya Account yields a market-linked return on balance. This is based on the daily NAV of HBL AMC Funds. Monthly statements are sent as digital PDFs via e-statement. The Foreign Currency Current Account holds multi-currency funds in USD, EUR, and GBP. It enables SWIFT-enabled inward and outward remittances.

Soneri Savings Account calculates profit on the daily minimum balance. It has tiered profit rates for 3 months to 1 year tenures. Soneri Asaan Savings Account requires no minimum balance and allows unlimited free withdrawals. It integrates mobile-wallet via 1Link FASTag. The PLS Savings Account is based on profit-and-loss sharing. Quarterly Mudarib rates determine profit. It auto-sweeps to Soneri PKR Term Deposit at maturity. Soneri Sahara Savings Account offers a senior-citizen tiered profit rate plus a 0.25% bonus. It provides a dedicated call-center support line. Soneri Youngsters Minor Savings Account has a zero-balance requirement. It includes parental e-consent digital onboarding. Debit card issuance starts at age 15. Soneri Pensioners Savings Account has quarterly profit payouts. It auto-rollovers with profit credited to a linked current account. Soneri Roshan Savings Account provides quarterly profit payouts in USD at an offshore payout rate. There is no limit on repatriation via the Roshan Remittance channel. Foreign Currency Savings Account holds multi-currency baskets with rebalancing options. It offers competitive profit linked to 6-month interbank fixings. Soneri Forex Plus Saving Account gives dual-currency profit rates, linking PKR and USD returns. It features SWIFT-Net GPI tracking for inward remittances.

Soneri PKR Term Deposits have tenor options from 1 month to 3 years. Premature withdrawal incurs a penalty of 1 month's profit. Auto-renewal rollover occurs at the prevailing market rate. Foreign Currency Term Deposit tenors range from 1 to 12 months. Profit is credited to the FC account. Early withdrawal involves a flat 50 basis-point fee. Soneri Salana Amdani Account provides annual profit payment. The minimum tenor is 1 year. It auto-sweeps into a new annual term upon maturity. Soneri Monthly Munafa Account credits profit monthly to a linked current or savings account. It uses a sliding scale profit rate for tenors under 6 months.

Soneri Personal Finance has loan tenors from 12 to 60 months. The markup rate is fixed at KIBOR + 2%. Digital eligibility checks are available via mobile app. Soneri Ghar Finance offers financing up to 80% of property value. The tenure can extend up to 20 years. Payments are made via Equated Monthly Installments (EMI) with a front-end fee waiver. Soneri Car Finance limits financing from PKR 250,000 to PKR 1.5 million. Tenures range from 3 to 5 years. It offers options for fixed-rate versus floating-rate markup. Soneri Car Finance - Fixed Rate charges a fixed markup over the entire tenure. This avoids repricing risk. Prepayment penalty is 2% of the outstanding amount. Soneri Renewable Energy Finance provides solar rooftop financing up to PKR 3 million. Tenures go up to 7 years. Cash-flow modeling is based on net metering savings projections. The Soneri Mehnat Wasool Remittance Program guarantees same-day credit for designated corridors. It charges zero commission on the first three transactions per month. Soneri Asaan Remittance Account has a zero minimum balance. It allows auto-credit of inward remittances. SMS-based notifications include exchange-rate locking. Soneri Mastercard Platinum Debit Card features contactless payment. It has a daily withdrawal limit of PKR 200,000. It includes complimentary airport lounge access (2 visits per year). Soneri Mastercard Gold Debit Card provides free SMS alerts for all card transactions. It offers 3D Secure enrollment for online transactions. Soneri Mastercard Standard Debit Card uses Chip-and-PIN security. It has a daily POS limit of PKR 100,000. Cashback is 0.5% on local spend. Soneri PayPak Debit Card uses domestic switching via the 1Link network. It charges no annual fee.

Overdraft Facility limits go up to PKR 100 million. It is renewable annually. Pricing is KIBOR + 1.5%. Soneri Commodity Procurement Finance uses a Shariah-compliant Murabaha structure. Tenor is under 180 days. Margin requirement is 5% of the invoice value. Soneri Transactional Trade Loans provide pre-shipment and post-shipment finance. These are under regulatory SBP schemes. They feature a deferred payment structure with Letter of Credit collateral. Letters of Credit and Bank Guarantees include standby and performance guarantees. Issuance occurs via SBP's PRC portal. Online tracking and swift confirmation are available. Medium & Long-Term Loans have tenors from 2 to 10 years. Amortization schedules align with project cash flow. Interest is KIBOR + 2%. Project Finance Advisory offers syndication management. It includes due diligence and structuring. SPV formation and escrow account setup are also provided. Soneri SME Term Finance provides collateral-free loans up to PKR 5 million. These are under the SBP Guarantee Scheme. Tenor is 3 to 5 years with a fixed markup. Soneri SME Current Account waives SME financing processing fees by 25%. It offers free digital payment solutions like POS machines. Soneri Corporate Cash Management provides automated sweep and pool account structures. It offers intraday liquidity reporting via SWIFT MT940. Soneri Commercial Lending is structured via project-backed Ijarah or Diminishing Musharakah. Credit rating-based risk pricing is used.

Soneri Mustaqeem: Islamic Banking Solutions

Soneri Mustaqeem Jari Account operates on a Qard basis. Profit on surplus funds is based on the monthly PLS rate. It has no minimum balance. Soneri Mustaqeem Asaan Current Account offers instant digital onboarding. It has a zero-balance requirement. SMS and email statements are provided. Soneri Mustaqeem Bachat Account is profit-sharing. It features quarterly profit distribution. Auto-sweep to Mustaqeem Meaadi Account occurs on a threshold balance. Soneri Mustaqeem Munafa Account uses a tiered PLS rate. Profit is credited monthly. It does not include a cheque facility. Soneri Mustaqeem Rahat Account is a current account with mobile remittance features. It offers auto-conversion of remittances into PLS deposits. Soneri Mustaqeem Foreign Currency Saving Account is a multi-currency deposit pool. Profit is based on currency-specific benchmarks. Offshore profit repatriation facilitation is available.

Soneri Mustaqeem Meaadi Account has tenors from 3 months to 3 years. Profit-sharing is declared semi-annually. It does not allow early withdrawal. Soneri Mustaqeem Salana Amdani Account provides annual profit distribution. The minimum tenor is 1 year. It uses a Shariah board-approved profit rate. Islamic financing includes Murabaha, a cost-plus sale with a fixed mark-up at signing. Tenor is under 180 days. Salam involves advance payment for future delivery. Tenor is under 30 days. Istisna is an asset manufacturing contract. Tenor is under 180 days. Ijarah & Diminishing Musharakah uses a lease-to-own structure. It features a declining ownership share schedule. Running Musharakah is an equity-sharing joint venture financing. Profit or loss is proportionate to the equity share. Soneri Mustaqeem Digital Onboarding uses biometric verification. Account activation occurs within 10 minutes. Soneri Mustaqeem Employee Banking facilitates salary disbursement via PLS current accounts. Safe Deposit Lockers (Islamic) use a Shariah-compliant trust structure. The annual locker charge is waived for Mustaqeem customers.

Digital and Investment Offerings

Soneri Sarmaya Account invests in HBL AMC Equity and Income Funds. It offers daily NAV-linked returns. Fund selection is Halal-compliant. Third-Party Fund Distribution includes ABL Funds, MCB Investment Management, and HBL AMC. Online fund switching and redemption are available through Soneri Internet Banking. Soneri Online Banking allows real-time funds transfer via IBFT and RTGS. It supports bill payments via 1Bill and Utility Bill Payment Service. Soneri Mobile App features biometric login. It enables QR-code based merchant payments. Account-to-account Send Money is available via mobile number.