Every Bank needs more profits from their Services. If you are Permanent / Contractual Salary person and working in Federal Departments, Provincial Departments, Autonomous Bodies, Semi Government Department then you can apply for NBP Advance Salary for Pak Army, Federal Education School, FBR, and other departments.
NBP Advance Salary For Pakistan Army
If you are The owner of Salary Account in National Bank Of Pakistan, then you can apply for Advance Salary Loan through NBP.
There are key features of NBP Advance Salary Personal Loan.
- The Maximum tenure of A Personal Loan is 4 years.
- For Advance Salary, you will be eligible for 20 Net Salaries, its means that you can received 20 Salaries for Next 20 month.
- For Contractual Employees, NBP Maximum Salary Loan Amount is Rs 2 Lakh.
- For Permanent Employees, NBP Maximum Salary Loan Amount is 3 Lakh.
Like Other Banks, NBP also need some documentation to released Advance Salary amount to Account holder bank Account.
- You must be A 18 years old and have A Valid CNIC / ICOP Card.
- You must be A Permanent / Contractual Employee of Federal Govt / Provincial Govt / Semi Govt / Autonomous Bodies.
- You must have A Salary Account in National Bank of Pakistan.
- You must Have A Clean CIB Report (No Defaults)
- No Security or Collateral is Required.
- There is No minimum Salary Requirement.
- If you have One Year Job Experience then you are eligible for Personal Loan.
- At The Time of Application, The Maximum age of Permanent Employee should be 59 years and Contract Employee should be 55 years.
You need To provide these documents at the time of Filling Application Form.
- Copies of 2 CNIC of Your Reference.
- CNIC Card for Salary Loan.
- Customer Undertaking.
- Employee Undertaking.
- Salary Slip of Last 3 Months of your Salary Account.
- PEP Undertaking Need (Politically Exposed Person)
- Copy of Your Employee Card.
Markup – Installments
The Markup for Salary Advance Loan is Different in All Pakistani Banks. National Bank of Pakistan charges 23.5% Markup on All Salary Loans Per Annum on The outstanding Amount, that approximately 3% Per Month.
The Bank also charged you A Loan Processing Fees, which will be round 2000 Rs or 2% of Your Financing Amount or which is higher. The Maximum fee cannot exceed Rs 20,000.
Also you will be charged For Legal documents, Small Amount for Verification.
NBP Advance Salary Calculator
You can use Salary Calculator of NBP online and calculate your Salary.
Frequently Asked Questions
What is Advance Salary Loan of NBP?
NBP Advance Salary is A Personal Loan facilitate to Personal Salaries Account Holder.
Who Can Apply For NBP Advance Salary Loan?
The Permanent / Contractual Employees of Federal Govt, Provincial Govt, Semi Govt, Autonomous Bodies can avail Salary Loan From National Bank of Pakistan.
What is The Age Criteria for Advance Salary Loan?
At The Time of Application, The Maximum age of Permanent Employee should be 59 years and Contract Employee should be 55 years.
How Can I Apply For NBP Advance Salary Loan?
You can Apply Online through Accessing The NBP Application Form from official website www.nbp.com.pk or You can visit nearest National Bank Branch.