PERSONAL INSTALLMENTS LOAN:
it is usually referred as Loan or PIL. It is an unsecured loan (Given without any property or asset security). Loan comes with a monthly installment plan for a Period of 1 year up to 5 years.
USAGE OF LOAN
We advised all our clients to use loans for purchasing long term assets or for building up new businesses or as an Investment.
INSTALLMENTS OF LOAN:
The approved Amount is divided into number of years it is approved for. This Amount includes the installment of principle amount along with Bank profit/interest/mark-up or Financial Charges.
Currently Bank Financial Charges Per Annum are between 18 to 22%
1) Anyone availing our Bronze , silver or Gold Package can avail this facility
2) Salaried person with Minimum Salary of 50,000 can Avail this Facility
3) Business Person – HISTORY BASED CUSTOMERS (those who already have any unsecured loan, credit card or Car finance from any bank for more than one year) can avail this facility.
1) NIC COPY
2) Last 3 pay slips
3) Last 6 months Bank Statement
4) 2 references
5) Utility Bills of Home
6) NTN (In case of Business Person)
7) Bank Account Maintenance Certificate ( In case of Business Person)