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Nature of Finance
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Running Finance (Revolving Credit)
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Basic Eligibility Criteria
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Must be a Pakistani resident national, having satisfactory credit history
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Financing Limit
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Up to Rs. 7,000,000/- (as per SBP Consumer Finance PRs)
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Age Limit
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Salaried Min:22 years Max: 60 years
Business & Pensioner Min.22 years and Max.65 years
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Length of Service
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6 months for Salaried segment
12 months for Business segment
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Mark-up Rate
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3 months KIBOR + 3.5%
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Loan Tenor
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Up to 36 months (renewable)
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Debt Burden Ratio (DBR)
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Up to 40%
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Loan to Value (LTV)
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Up to 50% for property forced sale value (FSV)
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Processing Fees
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As per SOC
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Collateral/Security
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Mortgage of Residential or Commercial Property in bank’s favor
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Net Income Requirement
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Salaried Segment Minimum Rs. 70,000/- monthly
Business Segment (SEB/SEP) Minimum Rs.150,000/- monthly
Pensioners Minimum Rs.70,000/- monthly
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| Repayment |
Quarterly markup (Full principal must be repaid at the time of maturity/expiry of limit)
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