JS Elite
1. Loan from Rs. 40,000 to Rs. 2 million with equal monthly installments.
2. 1 to 4 years tenure.
3. Facility A - Loan offered at 1-Year KIBOR + 6%, secured through the conform letter and undertaking by the employee of corporate entity for lien-marking for their end service benefits.
4. Facility B – Loan offered at 1-Year KIBOR + 10%, without comfort letter and lien-marking against end service benefits.
- Personal installment loan plan for JS Salaried account customer.
- Salaried Individual.
1. Minimum age of 21 years to 60 years (at the time of loan maturity).
2. Minimum gross monthly salary: Rs. 40,000.
1. Application Form.
2. CNIC/ /smart ID.
3. Comfort letter in case of facility A.
4. Salary Slip/ Salary Certificate.
5. Passport for foreign national.
6. Company comfort letter for foreign national.
7. Undertaking by employee (in case of Facility A).
8. End of service benefit Letter (in case of Facility A).
9. Utility Bills or Rental Agreement.
10. SBP Undertaking.
11. Summary Box.
- 10 days.
Employee Banking Relationship Manager (EBRM) / EBRE / Branch RM will provide JS Elite Salary Loan application form to the customer or customer can take Elite loan application forms through their HR of the company. Respective RM ensure that customer is well aware & transparent regarding the general process and also provide below mentioned documents for customer review and signatures.
1. Application Form.
2. Complete Terms & Conditions & Legal Documents.
3. Summary Box including full particular of fees and charges with interest rate.
4. SBP undertaking (CF-1 Form).
1. Processing fee is Rs. 3,000/- or 1% of the loan amount (whichever is higher).
2. Late Payment Charges are Rs. 1,000/- per month.
3. Credit Protector facility is mandatory and charged at 0.48% of the outstanding loan amount on monthly basis.
4. Early settlement: 1st year = 10% of outstanding loan amount, 2nd to 3rd year = 8% of outstanding loan amount, After 3rd year = 5% of outstanding loan amount.
- Not Applicable.