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"BOP Aasaish Loan is personal loan facility for bank’s
target market for the purchase of Consumer durable goods for their personal use,
repayable on easy instalments"
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- Salaried Individuals (SI)
- Self Employed Professionals (SEP)
- Self Employed Businessmen (SEB)
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All renowned brands including PEL, LG, Sony, Samsung etc. for all products
like Refrigerator, TV, Microwave Oven, AC, Washing machine etc.
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0%
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6 months
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0%
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9 Months
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8% p.a
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12 Months
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11%p.a.
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18 Months
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15%p.a.
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24 Months
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18%p.a.
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Processing Charges
= Rs. 500/- per case
E-CIB Charges
= Rs.125/- per case Upto Rs. 100,000/-
Rs.200/- per case over Rs. 100,000/-
Documentation Charges
= Actual
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The monthly payments of all loans/lease/limits from all FIs/banks should not exceed 50% of Take Home Salary / Net Income.
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No Penalty
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3% on the amount of instalment per day for the days the
amount remains overdue Max. Rs. 500/- + Cheque Dishonouring Charges (as per schedule of charges of the
bank)
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Eligibility Criteria for Govt. /Armed Forces/BOP Employees
- Age between 21 and 59 Years or retirement date; whichever is earlier (59 Years at maturity of facility)
- Minimum Take Home Salary is Rs.7,000/-
- Permanent Employee with Minimum 01 Year of job Experience.
- Contractual Employees are also
eligible but loan should be adjusted before 03-months of the expiry of contract.
Moreover, departmental undertaking / one Personal Guarantee of equivalent or
senior grade shall be obtained for contractual employees (Financial commitment
of Guarantor should be established through E-CIB report & Salary Slip or
Employer Certificate or Bank Statement of salary account showing monthly credits
of salary amount).
- Maintaining Salary Account in any bank.
- Have valid CNIC
Eligibility Criteria for Private Employees
- Age between 24 and 59 Years or retirement date; whichever is earlier (59 Years at maturity of facility)
- Minimum Take Home Salary is Rs. 10,000/-
- Permanent Pvt. Employee with Minimum 02 Years of job Experience including 01 year with current employer.
- Maintaining Salary Account with any bank.
- Have valid CNIC
Eligibility Criteria for SEP/SEB
- Age between 25 and 57 Years or retirement date; whichever is earlier (57 Years at maturity of facility)
- Minimum 02 Years in current business.
- Minimum Monthly Net Income is Rs.15,000/- (Established through Tax Return or Financial Statements or Bank Statement).
- Have valid CNIC
- Residing or working in launching cities.
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For Govt. /Armed Forces/BOP Employees
- Copy of valid CNIC
- Latest Salary Slip (Employer Certificate, if salary slip is not provided by employer)
- Employer Certificate on organization’s letter head (as per BOP specimen) –
- Bank Statement for last 06 months (where salary is being transferred).
- Latest Copy of utility bills (Electricity & phone) (of present living address).
For Private Employees
- Copy of valid CNIC
- Two Recent Photographs
- Latest Salary Slip (Employer Certificate, if salary slip is not provided by employer)
- Employer Certificate on organization’s letter head (as per BOP specimen)
- Bank Statement for last 06 months (where salary is being transferred).
- Latest Copy of utility bills (Electricity & phone) (of present living address)
- Income Tax Return/Wealth Statement OR
Non-Tax Payees Form, if applicant is a non-tax payer – In case of non-tax payee,
one personal guarantee is required. one Personal Guarantee of equivalent or
senior grade shall be obtained for contractual employees (Financial commitment
of Guarantor should be established through E-CIB report & Salary Slip or
Employer Certificate or Bank Statement of salary account showing monthly credits
of salary amount)
For self employed business professional
- Copy of valid CNIC
- Two Recent Photographs
- Bank Statement for last 06 months of Business Accounts
- Latest Copy of utility bills (Electricity & phone) of Residence
- Income Tax Return/Wealth Statement OR Non-Tax Payees Form, if applicant is a non-tax payer. In case of non-tax payee,
one personal guarantee is required.
Business related documents.
- Latest copy of utility bills (Electricity & phone) of current business address.
- Documentary evidence in business or in the profession for the last 2 years.
- Proprietorship Certificate/Partnership deed
- Copy of Professional Degree (For Professionals)
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- Post Dated Cheques
- Life Insurance of Borrower.
- Three (03) undated cheques of marked up amount (Principal + Mark-up)
- Any additional guarantee, if required as per the contents of the approval letter.
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