SBP Discount Rate +2% with12 months
re-pricing (with Life Insurance)
SBP Discount Rate +4% with12 months
re-pricing (without Life Insurance)
Processing
Fee
Government
Employees: Rs. 500/- irrespective
of financing amount.
For
Others :
Financing
below Rs. 1 Million
Rs.
1000
Financing
between Rs. 1 to 4 Million
Rs.
3000
Financing
above Rs. 4 Million
Rs. 6000
Other
Charges **
Income Estimation,
Legal and valuation fee will be charged
as per actual.
Early Payments: Prepayment of finance account, full or partial, within 5 years will be subject to early redemption charges @ 2% of the amount being prepaid. Incase of beyond 5 years, no early redemption charges will be levied.
Prepayment
Option Available
Pre-payment
(Complete/Partial option available).
Penalties
In case of late payment, Rs.5/-per day for late/overdue/defaulted installment upto Rs.10,000/-, Rs.10/- per day if amount overdue from Rs.10,001/- upto Rs.20,000/- and Rs.15/- per day when overdue amount exceeds Rs.20,000/- and so on.
In case of Returned Cheques, penalty will be as per NBP’s approved tariff. In case of delay in construction:
Delay of 1 to 89 days
No Penalty
Delay of 90 to 119 days
1% of outstanding amount
Delay of 120+ days
Recall Finance. (with the prior approval of Head Office)
Repayment
Frequency and Mode etc.
Equal Monthly Installment comprising principal and mark-up according to the amortization schedule based on pricing and tenure. The amortization schedule will be revised consequent upon review of the floating rate at the specified intervals.
**
Rates/Charges are subject to change as per market
factor/SBP regulations etc.
For more information, contact the nearest designated
NBP Branch
**NBP conditions apply
