Processing Fee

•  Processing Fee: 1% of loan amount + VAT & Stamp cost
•  Penal Rate: 24% per annum on outstanding amount
•  Prepayment Fee: 2% on settled amount+VAT

Eligibility

Loan offered to diversified professionals including salaried individuals, businesspersons, practitioners and Landlords.

•  Salaried: Serving in any reputed organization
•  Businessperson : Having at least 3 years of experience in same business
•  Practitioners : Engaged in private practice at least for 2 years
•  Landlords: Landlords with sufficient rental income from properties

Required Documents

Common for all segments:

•  Duly completed & signed application form
•  Photocopy of valid photo id (NID/Passport)
•   Passport sized recent photograph
•  Photocopy of Latest TIN certificate
•  Copy of Utility Bill of Residence Address
•  Sanction letter(s) of all other loan(s) (If any)
•  Landlords: Price quotation of the vehicle.

Salaried Individual:

•   Letter of Introduction
•  Salary Certificate/Pay Slip
•   Last 6 (Six) months bank statement of salary account

Business Person:

•   Valid Trade License
•  Trade License of last 3 years
•   Last 12 months bank statement
•  Registered Partnership deed for partnership firm
•   Certificate of incorporation, schedule X and form XII for limited liability company
•   Memorandum & Article of Association for limited liability company
•   Copy of Utility Bill of Business Address

Private Practice:

•   Copy of Certificate of professional degree
•  Copy of Membership Certificate with respective professional association
•  Last 12 months bank statement

Landlord

•   Rental Agreement
•  Proof of property ownership
•   Last 12 months bank statement