Submitted by adminkmbl on Thu, 03/11/2021 - 17:37
Khushhali Pasbaan Loan Banner

Product Name     

Khushhali Pasbaan Loan

Product Purpose

Khushhali Pasbaan Loan is offered to pensioners & salaried individuals who want to enhance their income by engaging in productive and economic  activity

Collateral

     For Pensioners

  • Pension book/Pension Account/PDC of Pension Account/Guarantor & PDC (as applicable)

    For Salaried Individuals

  • Salary book/Salary Account/PDC of Salary Account/ Guarantor & PDC (as applicable)

 

Loan Eligibility Criteria

        For Pensioners

  • Age  20 to 67 Years  
  • Retired Employees/spouses of deceased employees receiving pensions from government, semi-government and military institutions
  • Pension Book (as applicable)
  • Personal Guarantee (as applicable)
  • Last three months bank statement of the pension account in case pension is directly credited to a bank (as applicable)
  • Authority letter from pension payment institute to open and maintain pension account at KMBL (as applicable)
  • Annual income of the applicant should not exceed Rs. 1,200,000/- or as set by SBP from time to time.
  • Customer’s Repayment capacity  and frequency assessment
  • Applicant  residing in the area from the last 1 Year
  • Valid CNIC/SNIC of the applicant
  • Not defaulter of KMBL & other institutions

 For Salaried individuals

  • Age  20 to 60 Years   (Applicant’s age at the time of loan maturity shall not exceed 60 year)
  • The applicant should be permanent/regular or contractual employee of government and semi government organization but should not be on probation
  • For contractual employees (applicable only for Government and semi government employees), end date of contract cannot precede loan maturity date
  • The length of service in the organization should not be less than 6 months for permanent or contractual employee
  • For Contractual employees, the applicant on open contracts must have at least 1 year tenure of services with the employer
  • Personal Guarantee (as applicable)
  • The length of Service in private organization should not be less than 2 year for permanent employee (subjected to verification by the bank)
  • The applicant must be entitled for terminal benefits i.e. provident fund /gratuity and other pay/benefits etc.
  • Salary Book in original (as applicable).
  • Annual income of the applicant should not exceed Rs. 1,200,000/- or as set by SBP from time to time.
  • Applicant  residing in the area from the last 1 Year
  • Valid CNIC/SNIC of the applicant
  • Not defaulter of KMBL & other institutions
  • Other pre or post-disbursement verifications

 Service Charges

  • Pension A/C opened and operated at KMBL (29%)
  • Pension A/C opened and operated outside KMBL (33%)
  • Salary A/C opened and operated at KMBL (29%)
  • Salary A/C opened and operated outside KMBL (33%)