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“BOP Smart Cash Personal Loan Scheme is personal DF facility for meeting personal needs & repayable through monthly installments.”
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Yes, if you are Salaried individual and maintaining salary account with any bank then you can avail this facility.
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Minimum Rs.50,000/- Maximum Rs.500,000/-
Monthly Installment(s) should not exceed 50% of disposable income
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Minimum: 1 year
Maximum: 5 years
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1 year & 2 years’ Tenure of loan. Ask side KIBOR + 900 bps with floor of 20%p.a. (KIBOR of respective tenure of 1 year and 2 years shall be used)
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3 to 5 years’ Tenure of loan. 03 Years Ask side KIBOR+1000 bps with floor of 20% .p.a.
(2% markup rate relaxation if salary account is being maintained with BOP)
The monthly installment will be fixed for the whole tenure of loan as per installment schedule.
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- Processing Charges =Rs. 500/- per case up to loan amount Rs.500
Rs. 1000/- per case above loan amount Rs.500
(Upfront / Non-Refundable)
- Verification Fee upfront = Rs.500/- (Upfront / Non-Refundable)
- E-CIB Charges = Actual (Upfront / Non-Refundable)
- Documentation Charges = Actual
- Late payment Penalty =5% on the amount of installments per day for the days the amount remains overdue (Max. Rs. 1000/-) + Cheque Dishonouring Charges (as per schedule of charges of the bank)
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- Age between 25 and 59 Years or retirement date; whichever is earlier (59 Years at maturity of facility).
- Permanent Employee with Minimum 03 Year of job Experience including 01 year with current employer.
- Maintaining Salary Account with 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)
- Bank Statement for last 06 months (where salary is being transferred)
- Latest Copy of utility bills (Electricity or Gas or 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.
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- Download application form ==> Attach required Documents & send to nearest Consumer Financing Centre (CFC)
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- Contact our nearest Consumer Financing Center (CFC)
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- Email your contact number at rfd@bop.com.pk
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And our consumer team will contact you to complete your application