Habib Bank Limited Loans Information(HBL)

What is loan ?

In finance, a loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. A loan entails the reallocation of the subject asset for a period of time, between the bank and the borrower.

In a loan, the borrower originally receives or borrows an amount of money, called the principal, from Banking Pk, and is obligated to pay back or repay an equal amount of money to Banking Pk at a later time.

The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for Banking Pk to employ in the loan. In a legal loan, each of these obligations and control is required by contract, which can also place the borrower under additional check known as loan compact. Although this article focuses on financial loans, in practice any material object might be lent.

Acting as a provider of loans is one of the principal tasks for financial institutions. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.

 HBL Bank Personal Loan

HBL Personal Loans  From quality education to a large wedding to personal well-being, HBL Personal Loan helps you fulfil your financing needs. Get hard cash the easy way with HBL Personal Loan.

Features and benefits
•     Processing fee on approval only
•     Repayment term from 12 to 60 months
•     Loan amount ranging from Rs. 25,000 to Rs. 2,000,000
•     24/7 access to HBL Phone Banking
•     Top-up facility available after every 12 months
•     Free life insurance

Basic Criteria
Clerical individual whose salaries are being credited in HBL.
The applicant should be 21 years or more at the time of loan application and 61 years or less at the time of loan maturity.
Documentation
•     Application Form
•     Legal Agreement
•     Verified original copy of CNIC
•     Verified original copy of Salary Slip
•     Letter From Employer
•     Other documents required (According to segment)
For further information, please call HBL Phone Banking at 111-111-425 or visit your nearest HBL branch.

HBL bank Salary loan

HBL Salary loan helps you achieve your goals. So whether you want to go on a holiday or plan for your childs education. Habib Bank Salary loan will help you fulfill your financial requirements and realize your potential. For details please call 2177600 / 2177614.

Benefits & Features

  • Competitive and flexible interest rate
  • Large financing facility
  • An advance on a fixed sum over a specified tenure
  • Interest charged is linked to Banking Pk prime lending rate
  • Flexible repayment period for up to 4 year but before retirement

Eligibility

  • Open to professionals
  • The borrower age should not be less than 25 year and not more than 55 year
  • Monthly installment shall not exceed 40% of employee salary
  • Disbursement of salaries or direct check off from employee or undertaking for regular monthly standing order for loan installments

Documents Required

To avail HBL Salary Loan please submit the following documents

  • Completed Loan Application form
  • Proof of identity identity card or passport
  • Evidence of income from employee, where applicable
  • Salary slips for the last 3 months, where applicable
  • Most recent utility bills CEB/CWA/MT
  • Bank statement for the last six month

 

Habib Bank Limited home loan

HBL Home loan offers financing options to purchase a new house or renovate an existing house. For details regarding available financing options, Call HBL Phone Banking at 111-111-425 or contact your nearest HBL Branch.

Outright Purchase

The  outright purchase loan option provide financing for buying a new house.

Home Improvement

Home improvement loan option provides financing for renovating your house.

Documentation
•     Application Form
•     Legal Agreement
•     Verified original copy of CNIC
•     Verified original copy of Salary Slip
•     Letter From Employer

 

Rates

  Gross Salary < 50k                                 Gross Salary >= 50k

Employee Banking                                        29% – 36% p.a                                                   27% – 33% p.a

Non Employee Banking                               31% – 36% p.a                                                    29% – 36% p.a

 How to Apply for HBL loans ?

With exciting schemes, easy repayment options and competitive interest rates, the Standard Chartered Personal Loan is a hassle free way to fulfil your needs. Easy repayment options and competitive interest rates.

Apply Now

6 comments

  1. Actually I want to get loan for my further studies in united kingdom .My mother is a Govt teacher at 16 scale who is concur with me to borrow on her name .I would be very thankful if you issue me these loans as soon as possible because I missed recent three sessions for admission due financial problem.

  2. Loan for home

  3. Need a loan for home and osme other thinga but cant get a pay slip is they anyway else that I can get help

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