| Eligibility |
Permanent Employees
of Govt., Semi-Govt., Autonomous, Semi
Autonomous, Local & other bodies who
are maintaining their Salary A/Cs at NBP. |
| Repayment |
Direct deduction from Salary
A/C |
| Maximum Loan Amount |
Rs. 490,000/- |
| Security |
Employer
will provide undertaking that
borrower’s Salary and end of service
benefits will route through his/her
Salary A/C maintained at NBP during
the tenure of the loan and his/her end
of service benefits are at least equal
to the amount of Advance Salary required.
Hypothecation of Consumer durables owned by the borrower.
Three (3) Undated Cheques |
| Max.
Repayment Period |
5
years (60 months) |
| Advance
in terms of # of net take home salaries |
Up
to 20 net take home salaries |
| Markup
Rate |
SBP Discount Rate + 5% |
| Processing
Fee |
1%
of Loan Amount |
| Verification
Charges |
Rs
500/- |
| Life
Insurance |
No
Insurance of any kind. |
| Documentation
Charges |
at
actual |
| Contact |
Your
Salary disbursing NBP Branch. |
Remaining Service Age |
At
the time of approval and disbursement
the applicant’s remaining service age
should be 6 months after maturity of the
loan |
| Debt
Burden |
50% |
| Minimum
net take home salary |
no
minimum take home requirement |
