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 (net of business expenses) should not exceed the limit 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 governemnt 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
Tenure
6 - 60 months
Loan Ticket (minimum & maximum)
25,000 - 350,000
Service Charges
As per SOC, for more information please contact on our helpline 051 111 047 047