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|
Product Overview |
| Nationality |
Pakistani having valid CNIC. |
| Target Market |
Salaried Employees of Federal Government, Provincial Government, Semi Government, Autonomous Bodies and Private Sector who are maintaining Salary Account with NBP. |
| Employment Status |
Permanent and Contractual Employees |
| Age of Customer |
Maximum age of the customer at the time of maturity of facility should not exceed 59 Years and 06 Months OR at the time of approval /disbursement of financing facility, the maturity period should be at least 06 Months before the retirement age. |
Length of Service |
Permanent Employees
Minimum 03 Years of service in current organization.
Contractual Employees
Minimum 01 Year of service in current organization.
Overall 05 Years Experience with 03 Years of service in current organization for both permanent and contractual Private Employees.
|
| Gross Monthly Income |
Permanent Employees
PKR 25,000/- (Minimum)
Contractual Employees
PKR 50,000/- (Minimum)
PKR 35,000/- (Minimum) for permanent Private Employees.
|
| Other Verifiable Income |
Other verifiable monthly income can be clubbed upto 35% of the amount of Customer’s Gross Monthly Salary as reflected in salary slips/account for calculation of Debt Burden Ratio (DBR) and maximum financing limit. Following Shariah compliant income will be considered as other source of income:
1) Verified Rental Income
2) Verified Agriculture Income
3) Verified Investment Income
|
| Debt Burden Ratio (DBR) |
40% of Net Disposable Income (Maximum). |
| Financing Amount |
Upto PKR 3,000,000/- (Maximum) |
Financing Tenure |
Permanent Employees
Upto 04 Years (Maximum)
| Tenure |
Criteria |
Upto 04 Years
(Maximum)
|
For those who have completed 05 Years of service in current organization and are eligible for gratuity. |
Upto 03 Years
(Maximum)
|
In case of less than 05 Years’ service in current organization and having evergreen contract. |
| Upto remaining Contract Period (Maximum) |
In case of less than 05 Years’ service in current organization. |
|
| Basis for pricing |
Fixed based on Musawamah Sale
Special discount for female customer
1% Discount on Rack Rate for Advance Salary |
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