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"BOP Quick Cash is personal running finance facility for bank’s target market for meeting their day to day personal needs"
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The facility shall be available for Salaried Individuals (SI) only.
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The facility is available for 1 year .However, It is renewable subject to satisfactory Conduct of account, status/request of the borrower and banks usual terms & condition.
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1 year
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Avg. 1 Year ask side KIBOR + 800 BPS with floor of 18% p.a.
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Fix for one year and revise at the time of renewal |
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Processing Charges
= Rs. 1850/-
E-CIB Charges
= Rs.125/- per case Upto Rs. 100,000/-
Rs.200/- per case over Rs. 100,000/-
Guarantor e-CIB Charges
= Rs.50/- per report.
Documentation Charges
= Actual
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5% of outstanding amount at last date of the month OR Mark-up amount; whichever is higher
Payment of Monthly Instalment before 10th of every month.
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In case of delayed/non-payment, additional 2% mark-up shall be charged. However, 03 grace days shall be allowed for payment
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- Age between 25 and 59 Years or retirement date; whichever is earlier (59 Years at maturity of facility).
- Minimum Monthly Take Home Salary/Income is Rs. 15,000/-
- Permanent Employee with Minimum 03 Year of job Experience including 01 year with current employer Contractual Employees are also eligible but loan should be adjusted before 06 months of the expiry of contract.
- Maintaining Salary Account in any bank.
- Have valid CNIC
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- 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)
- Two recent photographs
- Income Tax Return/Wealth Statement OR Non-Tax Payees Form, if applicant is a non-tax payer – In case of non-tax payee
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Processing Centres available in the following cities of Pakistan:
Click Here to see Details of Branches / CPCs Offering Consumer Finance Facility
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