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Faysal Bank Personal Loan 2021| Faysal bank personal loan requirements

Fulfill your dreams with a Faysal Personal Installment Loan. Now you can get a loan starting from fifty thousand only (50,000) and pay easy installments, at least one thousand and five hundred only (1,500) a month. So now is the time to fulfill your desires as everything is possible.

Faysal Bank Personal Loan Benefits

Improve Your Lifestyle: Get what you want, be it home appliances, a brand new watch or a smartphone.

Long Anticipated Vacations: Choose the final destination and travel the world with your loved ones.

Expenses of Education: Pay for your child’s education or enroll for advanced education or vocational certification.

House Renovation: To recreate your dreams and improve your speech in the House.

Unforeseen Expenses: Take care of your unforeseen expenses as well as consolidate your debt or outstanding bill.

Spend with ease: Enjoy a complimentary current account facility and cash-strapped Visa debit card for cash withdrawals and purchases around the world.

Faysal Bank Personal Loan Eligibility

ItemsDetails
Age Limit of Businessmen & Experience of Key Decision Maker·         Min 3 years
Purpose of Loan·         Facility will be available to meet business needs.·         The use of clear and intended funds should be from the borrower.
Financials: Leverage Ratio:
Current Ratio:
 Profit Before Tax:
Debt Coverage:
Debtors Aging List:
Cash Flows:                 
·         As per the leverage policy of bank framework
Min 1.0x ·         At least 3 year Positive
Min 1.5x

·         Minimum 70% within 120 days

·         Operating activities flow the Positive cash ·         At least fifty percent (50%) of total sales from banking channels.
E-CIB Status·         For the last 12 months clean credit history,·         No write-off or process in past with any bank

Faysal Bank Personal Loan Requirements

Faysal Bank personal loan required documents are given below:

  1. Request letter for facilities of financing
  2. Loan Application Form and Debtors Basis Fact Sheet as prescribed by the State Bank of Pakistan (SBP)
  3. One valid copy of NTN
  4. One valid copy CNIC(s) of all directors/owners/key decision makers/partners
  5. Financials statement for last 3 years
  6. Profile of Company
  7. Credit terms with list of suppliers
  8. Credit terms with list of Buyers
  9. Details of security offered
  10. Any other documents or information required by the Bank

Faysal Bank Personal Loan Calculator

In order to know about Faysal Bank Personal Loan Calculator, please click the link below: https://www.faysalbank.com/en/personal/loans/#intro

Faysal Bank Personal Loan Interest Rate

Faysal Bank personal loan for fixed interest rate is in the range between twenty eight percent (28% – 38%). While the floating interest rate is in the range between (K+13) % – (K+22) %.

Faysal Bank Personal Loan Contact Number

For any queries, please contact on helpline center number: 021 111-06-06-06 or email at customercomplaint@faysalbank.com

Faysal Bank Personal Loan Online Apply

Interested candidates can click on the link given below and apply online

For Online Apply, please visit the link: https://www.faysalbank.com/en/personal/loans/?inpage_id=3293&apply=view

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