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Bank of Punjab (BOP) advance salary loan Scheme

BOP advance salary loan Scheme 2016

Bank of Punjab has introduced Advance Salary Loan for Government, Semi Government Employees. Salaried individual and maintain or shift salary account with BOP then you can avail this facility.

BOP Advance Salary Loan for Employees:

 The borrowers can avail to meet their immediate financial needs and pay back through equal monthly installments.

bop loan scheme 2016

BOP advance salary loan Scheme 2016:

Minimum: Rs.50,000/-
Maximum: Rs.500,000/-
Monthly Installment(s) should not exceed 40% of Net Salary 

Tenure of Loan:

Minimum: 1 year
Maximum: 3 years

Processing Charges =Rs. 2,500/- per case (Upfront / Non-Refundable)
Pre-Mature termination Charges: Nil
Balloon & Partial Payment: Nil
Late Payment Charges: Rs. 1/- per thousand per day of monthly installment amount for overdue days.
Permanent Government Employees
Age between 19 and 59 Years
Minimum gross salary – Rs.14,000 per month
No Default / Write Off History
Contractual Government Employees
Age between 19 and 59 Years
Min experience – 1 years in current organization
Minimum gross Salary – Rs. 50,000 per month
Provide one personal guarantee of equivalent or senior grade of Govt. Employee
No Default / Write Off History
Non Government Employees (Permanent / Contractual)
Age between 19 and 59 Years
Minimum experience – 3 years
Minimum gross salary – Rs.14,000 per month (Permanent employee)
Minimum gross salary – Rs.50,000 per month (Contractual employee)
Provide one PG of equivalent or senior grade of same organization (for contractual employee)
No Default / Write Off History
What Documents Are Required ? Permanent Government Employees
Copy of valid CNIC
One photograph
Salary slip (any of last six months) / employer certificate
Department Confirmation Letter
Contractual Government Employees
Copy of valid CNIC
One photograph
Salary slip (any of last six months) / employer certificate
Contract letter / Contract renewal letter
Non Government Employees (Permanent / Contractual)
Copy of CNIC
One photograph
Salary slip (any of last six months) / employer certificate /employment letter
Bank statement for last 6 months
Contract letter / Contract renewal letter (for contractual staff)
How Can I Avail The Facility ?
Contact our nearest Consumer Financing Center (CFC)OR
Email your contact number at personaloan@bop.com.pk

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