Terms & Conditions
- Loan from Rs. 40,000 to Rs. 2 million with equal monthly installments of 1 to 5 years to flexible tenure.
- Two (2) post-dated cheques equivalent to six (6) monthly installments each year
- For Gold Proxy Loan customer, no additional collateral required.
- Required Documents:
i) CNIC holder with minimum age of 21 years to 60 years (at the time of loan maturity).
ii) Latest Salary Slip with minimum gross monthly salary: Rs. 35,000/- along with proof of employment tenure or in case of Self-Employed Individuals, 6 months bank statement is required.
iii) Application form, Legal Booklet along with copy of CNIC
iv) For Gold Proxy Loan: no fresh income documents required for SEB/SEP only
Mark-up rate:
- 36% fixed rate p.a. for all Salaried individuals (*HBC/**NTB) and Self-Employed Individuals (*HBC)
- 40% fixed rate p.a. for all Self-Employed Individuals availing loan for the first time in the banking industry (***NTI)
- 28% fixed rate p.a. for all those availing Balance Transfer Facility (only those customers availing Personal Installment Loan from any other bank can apply)
- For Gold Proxy Loan: 36% fixed rate p.a. for all Salaried individuals (*HBC/**NTB) and 40% fixed rate p.a for all Self-Employed Individuals (*HBC/NTI***)
Charges
- Processing fee is Rs. 3,500/- or 1% of the loan amount (whichever is higher)
- No processing fee and Early settlement charges for Gold Proxy Loan customers
- Legal & stamping charges at actual and Late Payment Charges are Rs. 1,000/- per month
- Credit Protector facility is optional and charged at 0.48% of the outstanding loan amount on monthly basis
- Early settlement: 1st year = 10% of outstanding loan amount, 2nd to 3rd year = 8% of outstanding loan amount, After 3rd year = 5% of outstanding loan amount
Internet Banking
