Up to Rs. 500,000/-:
Personal Guarantee of Borrower along with net worth statement
Above Rs. 500,000/- up to Rs. 1,000,000/-:
Personal Guarantee of borrower + (At least 01 Third Party Guarantee having collective net worth at least equal to the amount of loan OR Guarantee of Government Employee of BPS-10 and above ).
Net Worth may be in the form of Tangible Asset i.e Property or Vehicle ownership and may be assessed as follows:
a) Property may be valued at DC rate by the bank.
OR
b) Property valuation may be established from Wealth Tax statement.
OR
c) Evaluation by Pakistan Banks Association (PBA) approved evaluator
OR
d) Vehicle valuation shall be Purchase price less Depreciation (10% for each passing year).
Third party should be a citizen of Pakistan and resident of Punjab having a valid CNIC and must not be older than 55 years. Moreover, e-CIB of third party should be clean i.e it should not have any overdue or write off history.
Above Rs. 1,000,000/- up to Rs. 10,000,000:
Mortgage of Residential / Commercial / Industrial / Agricultural Property / Vehicle having clean title and clear access acceptable to the bank.
| Type |
Customer Pricing |
| Clean |
4% |
| Secured |
5% |
|