What is the 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 an additional check known as a 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 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 fulfill 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 amounts 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
A 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 child’s 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
- The flexible repayment period for up to 4 years but before retirement
Eligibility
- Open to professionals
- The borrower’s age should not be less than 25 years and not more than 55 year
- Monthly installment shall not exceed 40% of the employee’s salary
- Disbursement of salaries or direct check off from employees or undertaking for a 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 card or passport
- Evidence of income from the 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 months
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 provides financing for buying a new house.
Home Improvement
The 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 fulfill your needs. Easy repayment options and competitive interest rates.
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