Smart Cash Personal Loan

• Salaried Individuals (SI)
• Self Employed Professionals (SEP)

ELIGIBILITY CRITERIA FOR GOVT. /ARMED FORCES/BOP EMPLOYEES

• Age between 25 and 59 Years or retirement date; whichever is earlier (59 Years at maturity of facility)
• Minimum Take Home Salary is Rs. 10,000/- The condition may be relaxed to Rs.5,500/- subject to fulfilment of following conditions; a. Maintaining Salary Account with BOP from last six months. b. Departmental Undertaking c. Two Personal Guarantees of senior grade employee but not less than grade 16 officer. (Financial commitment of Guarantor should be established through E-CIB report & Salary Slip/Employer Certificate/Bank Statement of salary account showing monthly credits of salary amount).
• Permanent Employee with Minimum 03 Year of job Experience including 01 Year with current employer. (01 Year for BOP Employees including probation period).
• Contractual Employees are also eligible but loan should be adjusted before 06-months of the expiry of contract. Moreover, departmental undertaking / one Personal Guarantee of senior grade but not less than grade 16 officer, shall be obtained for contractual employees (Financial commitment of Guarantor should be established through E-CIB report & Salary Slip/Employer Certificate/Bank Statement of salary account showing monthly credits of salary amount).
• Maintaining Salary Account with any bank.
• Have valid CNIC

ELIGIBILITY CRITERIA FOR PRIVATE EMPLOYEES

• Age between 25 and 59 Years or retirement date; whichever is earlier (59 Years at maturity of facility)
• Minimum Take Home Salary is Rs. 15,000/-
• Permanent Pvt. Employee with Minimum 05 Years of job Experience including 01 year with current employer.
• Maintaining Salary Account with any bank.
• Have valid CNIC

ELIGIBILITY CRITERIA FOR SEP

• Age between 25 and 57 Years (57 Years at maturity of facility)
• Minimum 03 Years in current profession.
• Minimum Monthly Net Income is Rs.20,000/- (Established through Tax Return or Income Estimation Report of outsourced agencies or Bank Statement).
• Have valid CNIC
• Residing or working in launching cities.

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) – exempt for BOP employees.
• Copy of Contract Letter (for contractual employees)
• Bank Statement for last 06 months (where salary is being transferred). (exempt for BOP employees)
• Latest Copy of utility bills (Electricity & phone) (of present living address) (exempt for BOP employees)

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 Returns of last two years.

FOR SELF EMPLOYED PROFESSIONALS

• CNIC
• Two Recent Photographs
• Bank Statement for last 01 Year of Business Account.
• Latest Copy of utility bills (Electricity & phone) of Residence
• Income Tax Returns of last two years.

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 03 years.
• Copy of Professional Degree

• Departmental Undertaking (waived for Govt. Officers of grade 17 & above and executives of corporate clients)
• Two Personal Guarantees of employees of equivalent/senior grades to the client or where no equivalent/senior grade officer is available then Personal Guarantee of two officers of grade 17 or above shall be obtained. (Financial commitment of Guarantor should be established through E-CIB report & Salary Slip/Employer Certificate/Bank Statement).

In cases where the departments show intention to stand as guarantor, an agreement shall be signed between the concerned Department/Organization and Bank (through Regional Chief) whereby the Organization shall undertake to deduct the amount due at its own and then deposit the same into client’s account.

• THREE undated cheque for the full marked up amount i.e (Principle + Mark-up of 01 year)
• Life Insurance of Borrower.
• Post Dated Cheques

Any additional guarantee, if required as per the contents of the approval letter.