Khushhali Bank loan scheme 2022 

Khushhali Bank loan scheme

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.444

• Salary Book in original (as applicable).
• The Annual income of the as up 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

1. Pension A/C opened and operated at KMBL (28%)
2. Pension A/C opened and operated outside KMBL (32%)
3. Salary A/C opened and operated at KMBL (28%)
4. , Salary A/C opened and operated outside KMBL (32%)

         Apply For Loan