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%
Eligibility Criteria:
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.
Document Requirement:
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)
