The First Salary Employee Loan is a personal loan product, which is available to low-wage employees for a variety of purposes. Individual loans are made to permanent and contractual employees of an organization. Age must be 18 to 65 to apply for this loan. The salary is not exceed to 1,200,000 per annum
First Salary Loan Eligibility Criteria
a) Low-paid employees of Private Companies, NGOs, Corporate and Semi-governmental. Institutions, Government Departments, Armed Forces, Semiautonomous Organizations of the Federal and Provincial Government, and Public and Private Schools.
b) Annual income (net of business expenses) not exceeding PKR 1,200,000 (PKR 100,000 per month)
c) Valid CNIC
d) Age between 18 and 65 years
e) Have at least one year of employment / service for permanent employees and three years for contract personnel
f) Proof of salary: pay stubs, bank statements or employer certification
First Salary Loan Purpose of Credit
Ø Supporting all kinds of economic activities
Ø Home improvement
Ø Education
First Salary Loan Loan Amount
Ø Minimum: PKR 20,000
Ø Maximum: PKR 350,000
First Salary Loan Loan Tenor
Ø Up to 60 months
First Salary Loan Loan Repayment
Ø Equal Monthly Installments
First Salary Loan Collateral
Ø Future Salary Payments
How to Apply For The First Microfinance bank loan Programs
Click to explore the bank branches. Visit the nearest bank to apply for your favorite loan program: https://www.fmfb.pk/contact-us/branch-locator/
The First Microfinancebank Ltd Contact Information
Ø 16th/ 17th Floors, Habib Bank Tower, Blue Area, Islamabad.
Ø Toll Free: 0800-FIRST (34778)
Ø Fax: (+92-51) 2821817
Ø Email: info@mfb.com.pk