Bank of Khyber offers best opportunity which named “Roshan Ghar” Scheme for permanent Employee with the minimum service along history of five (5) years. For this scheme, their age limit up to 22 to 58 years and it shall not be more than sixty (60) years at the time of maturity of finance facility. Their average monthly verifiable income should be three (3) times of the proposed monthly installment with the minimum monthly salary of twenty five thousand (PKR 25,000/-). The proposed loan installment and plus other installments of finance facilities (if any) should be less than fifty percent (50%) of the take home salary / income. The equipment to be purchased from Bank of Khyber approved vendors.
Product Name:
· Band of Khyber “Roshan Ghar” Finance (Home Solar Power System).
Amount of Facility
The following category explain their amount:
· Category A: Minimum amount PKR 50,000/- Maximum amount PKR 200,000/-
· Category B: Minimum amount PKR 200,001/- Maximum amount PKR 500,000/-
· Category C: Minimum amount PKR 500,001/- Maximum amount PKR 2,000,000/-
Eligibility Criteria:
· Permanent Employee with the minimum service along history of five (5) years. For this scheme, their age limit up to 22 to 58 years and it shall not be more than sixty (60) years at the time of maturity of finance facility. Their average monthly verifiable income should be three (3) times of the proposed monthly installment with the minimum monthly salary of twenty five thousand (PKR 25,000/-). The proposed loan installment and plus other installments of finance facilities (if any) should be less than fifty percent (50%) of the take home salary / income. The equipment to be purchased from Bank of Khyber approved vendors.
Finance Period:
· Up to six (6) months to five (5) years
Repayment Procedure:
· The installment will be due on 1st of each month.
Rate of Markup:
· The floating markup rate up to one (1) year KIBOR plus 600 pubs
Insurance Procedure:
· The life insurance of borrower from Askari General Insurance Peshawar is zero point three percent plus taxes (0.3%+taxes).
Payment of Late:
· A penalty of two percent (2%) on delayed installment amount; i.e. after 15th day.
Adjustment of Early:
· The premature payment penalty is two percent (2.0%) and to be charged if loan adjusted within first year of payment.
Processing Fee:
· Five thousand (PRs 5,000/- plus FED)
Securities:
The following category describe their securities:
· Category A: PG of Bank of Khyber’s customer maintaining their average balance more than proposed loan amount or employee of government with grade 17 /above.
· Category B: Two PGs of Band of Khyber’s customers maintaining their average balance more than proposed loan amount or employees of government with grade of grade 17 /above.
· Category C: Mortgage of residential house where their system is being installed or any other noticeable security approved by group head postdated cheques with the interval of six months from the date of payment for the remaining amount as per tentative repayment schedule will be obtained at the time of payment.
Vendor Name Address Telephone
Solar System UG 59, Eden Tower, Main Boulevard 042-35753450
Pakistan (Pvt) Ltd Gulberg III, Lahore
How To Apply For Home Loan
Interested candidates can click on the link given below and apply online
Apply Online : https://www.bok.com.pk/content/customer-eligibility-consumer-loan
The customer can also apply by visiting his nearest Khyber Bank