National bank of Pakistan is the largest banking system of Pakistan who takes care of your needs and requirements. Most of the time it seems impossible to buy different things of your interest and fulfill your basic needs due to your low income budget. Advance Salary Scheme makes it possible to enjoy your salary in advance in the form of loan up to 3 million rupees with low mark-up rates and easy installment of up to 60 months at your choice.
National Bank of Pakistan Advance Salary Loan Benefits
Following are the key features of salary loan;
1. Avail financing up to Rs. 3 million against your salary
2. Lowest Mark-up Rate
3. Easy installments of up to 60 months at your choice
4. Quick processing and fast disbursement.
5. No minimum income, collateral & insurance charges required for permanent employees of Government, Semi Government and autonomous bodies receiving salaries through NBP
National Bank of Pakistan Advance Salary Loan Eligibility Criteria
1. Terms and Conditions
a. NBP Advance Salary is for NBP Account Owners who are:
2. Eligibility Criteria:
a. Permanent Bodies of Federal / Provincial / Semi Government & Independent Bodies receiving pays through NBP.
3. Financing Limit
a. Up to 20 net take home salary can be availed, which should not exceed the maximum limit of Rs.3,000,000/-
a. Maximum lease of the NBP Advance Salary Finance is 5 years (60 months).
5. Age Criteria:
a. Maximum age of the borrower at the time of maturity of the finance should not exceed 59 years and six months.
6. Processing Fee:
a. For New Customers: Rs.2000/ or 2% of loan amount either higher, subject to maximum ceiling of Rs.20,000/-
b. For Rollover Customers: Rs.2000/- or 2% of net fresh/enhanced amount whichever is higher, subject to maximum ceiling of Rs.20,000/-
National Bank of Pakistan Advance Salary Loan Required Document
1) Signed application form.
2) Loan Declaration Form duly signed.
3) Binding standing instruction letter and automatic debit authorization.
4) Valid Copy of the National Computerized Identity Card (CNIC).
5) Salary slip (verified or originally seen by the branch manager).Certificate of Salary which mentions break up. The net salary to be credited to the account should be the same as mentioned in the breakup.
National Bank of Pakistan Advance Salary Loan Mark-up Rate
> Advance salary mark-up rate is 18% per annum(fixed)
National Bank of Pakistan Advance Salary Loan Calculator
1. Take advantage of financing up to Rs. 3 million against your salary.
2. Margin rate lower than 18%
3. Easy installments up to 60 months on your choice.
4. Click on the link to use calculator: https://www.nbp.com.pk/advancesalary/calculator.aspx
National Bank of Pakistan Advance Salary Loan Apply Online
Fill the form in a link after submission branch staff will contact you back for more information and procedure: https://advancesalary.nbp.com.pk/AdvanceSalary/AdvanceSalary.aspx
National Bank of Pakistan Advance Salary Loan Contact Information
1. Please communicate with your nearest NBP Branch for full details and to index for NBP Advance Salary
2. Click on the link to explore national bank branches: https://www.nbp.com.pk/BRNTWRK/DomesticBrLocator.aspx