Askari Bank Personal Finance Basic Details
You can avail unlimited opportunities through Askari Bank’s Personal Finance. With unmatched financing features in terms of loan amount, payback period and most affordable monthly installments, Askari Bank’s Personal Finance makes sure that you get the most out of your loan. No matter what your need is, Askari Bank has more ways to serve you than ever before.
| Features | Details |
| Loan Amount: |
|
| Age: | 21 – 60 years (maturity of loan at 60 years) |
| Tenure: | 1 – 5 years |
| Electronics Credit Information Bureau (ECIB) & Debit Burden Ratio (DBR): | Mandatory for all applicants. Debt burden inclusive of all existing and proposed liabilities shall not exceed 50% of net disposable income |
| Processing/Others Charges: | As per “Schedule of Bank Charges“ |
Mark-up:
| Segment | Annual Mark-up |
| Armed Forces: | 12 months Kibor + 1.5% (upto 3 years) 12 months Kibor + 2% (more than 3 years) |
| Branch Customers (Salaried): | 22% |
| Branch Customers (SEB/SEP): | 26% |
| Non Branch Customers (Salaried): | 24% |
| Non Branch Customers (SEB/SEP): | 28% |
Minimum Income:
| Category | Minimum Income Requirement | Relation/Service Length |
| AKBL Approved List of Companies: | Rs. 25,000 | 6 months permanent employment service requirement with current employer |
| Armed Forces: | Rs. 25,000 | Commissioned officers |
| AKBL Branch Customers (Salaried): | Rs. 25,000 | 3 months salary relationship with AKBL & 6 months permanent employment with current employer |
| AKBL Branch Customers (SEB/SEP): | Rs. 100,000 | 2 years account relationship with AKBL |
| Government Sector: | BPS 17 or above | 6 months service length |
Documentation
Application form duly filled & signed by the applicant
Clear copy of valid CNIC
Latest salary slip
Last 3 months bank statement for salaried
Last 6 months bank statement for SEB/SEP
In case of SEB/SEP, 3 years of business proof is required
Undertaking CF-1 Form
How to Apply for Askari Bank Personal Loan
You can apply by visiting any of our Consumer Business Centers/Branches or by calling at our 24 hrs call center at 111-000-787. Our dedicated staff will help you complete your loan application form and other formalities.
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