UBL Personal Loan Upto Rs 2000000 (2 Million) Basic Requirements, Application Procedure and Mark up Rate
UBL Personal Loan Upto Rs 2000000 (2 Million) Basic Requirements, Application Procedure and Mark up Rate
UBL is a famous and popular bank of Pakistan with good banking services.
Cash Plus is Personel Loan for Business People and Salaried Personals receiving their salaries from UBL.
UBL CashPlus is a unique term loan financing product which offers you features, options and flexibility. Designed for salaried Individuals of companies maintaining payroll relationship with UBL, CashPlus term loan has everything that you can wish for.
A UBL CashPlus loan, by nature a need based product, can be broadly classified as a non-end use defined loan. It is clean, installment based financing for a fixed tenor that provides customers with convenient and flexible financial solutions for any intended need
Minimum 25,000
Maximum 2,000,000*
Minimum 21 Years
Maximum 60 Years (at the end of loan)
For UBL CashPlus Markup is calculated based on 365 days due to system functionalities. This gives the customer the benefit of a slightly lower repayment amount as APR is slightly lower than the published rates.
Mark-up 27% per annum (fixed)
Link to Apply for loan :
http://www.ubldirect.com/corporate/BankingServices/ConsumerLoans/CashPlus/ContactUs.aspx
UBL is a famous and popular bank of Pakistan with good banking services.
Cash Plus is Personel Loan for Business People and Salaried Personals receiving their salaries from UBL.
UBL CashPlus is a unique term loan financing product which offers you features, options and flexibility. Designed for salaried Individuals of companies maintaining payroll relationship with UBL, CashPlus term loan has everything that you can wish for.
A UBL CashPlus loan, by nature a need based product, can be broadly classified as a non-end use defined loan. It is clean, installment based financing for a fixed tenor that provides customers with convenient and flexible financial solutions for any intended need
Salient Features
Clean Limit up to Rs. 2 Million Quick Processing Competitive Rates Flexible Repayment Terms No collateral requirements Complimentary Credit Insurance Processing fee on approvalEligibility Criteria
Minimum age 21 years and Maximum age 60 years (at the end of loan)Salaried individuals whose salaries are being credited in UBLOther Requirements
Who can apply for UBL CashPlus Term Loan?
Permanent Salaried employees of companies/ Govt / Armed Forces, maintaining payroll relationship with UBL can apply for UBL CashPlus Term loan.What is the minimum net income criteria to apply for UBL CashPlus?
Minimum Monthly Net Income Criteria is Rs. 25,000/-
What is the minimum and maximum credit limit of UBL CashPlus?
Minimum 25,000Maximum 2,000,000*
What is the minimum and maximum age limit for UBL CashPlus?
Minimum 21 YearsMaximum 60 Years (at the end of loan)
What is the tenure for the UBL CashPlus loan?
The tenure of the loan will vary between 1 to 5 years.Is Direct Debit mandatory for UBL CashPlus customers?
Yes Auto Debit for due payment is mandatory for all UBL CashPlus customers.What is the mechanism for calculating APR?
APR calculationFor UBL CashPlus Markup is calculated based on 365 days due to system functionalities. This gives the customer the benefit of a slightly lower repayment amount as APR is slightly lower than the published rates.
What is the mechanism for Charging Late payment fee?
Due date is 10th of every month and Late Payment Fee will be charged on every missed/late EMI from customers at the time of their next due installment. These charges will be recovered in addition to the EMI amount due. If customer fails to deposits the late fee charges in addition to the EMI, then charges will be recovered from the amount deposited/recovered through direct debit.What is Mark up Rate for this loan?
Mark-up 27% per annum (fixed)
Link to Apply for loan :
http://www.ubldirect.com/corporate/BankingServices/ConsumerLoans/CashPlus/ContactUs.aspx
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