JS CashAsaan

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

• 26% fixed rate p.a. for all Salaried individuals (*HBC/**NTB) and Self-Employed Individuals (*HBC)
• 30% fixed rate p.a. for all Self-Employed Individuals availing loan for the first time in the banking industry (***NTI)
• 26% 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: 26% fixed rate p.a. for all Salaried individuals (*HBC/**NTB) and 30% 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 mandatory 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