National Bank Saiban | Loan to Build, Renovate or Buy Home | National Bank Home Loan | Home Loan of Rs 35 Million
General Information
Mark Up Rates
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Variable Rate Option:
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SBP Discount Rate +2% with12
months re-pricing (with Life Insurance)
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SBP Discount Rate +4% with12
months re-pricing (without Life Insurance)
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Processing Fee
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Government Employees: Rs. 500/- irrespective of financing amount.
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Other Charges *
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Income Estimation, Legal and
valuation fee will be charged as per actual.
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Early Payments: Prepayment of finance account, full or partial, within 5
years will be subject to early redemption charges @ 2% of the amount being
prepaid. Incase of beyond 5 years, no early redemption charges will be
levied.
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Prepayment Option Available
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Pre-payment (Complete/Partial
option available).
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Penalties
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In case of late payment, Rs.5/-per
day for late/overdue/defaulted installment upto Rs.10,000/-, Rs.10/- per day
if amount overdue from Rs.10,001/- upto Rs.20,000/- and Rs.15/- per day when
overdue amount exceeds Rs.20,000/- and so on.
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In case of Returned Cheques,
penalty will be as per NBP’s approved tariff. In case of delay in
construction:
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Delay of 1 to 89 days
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No Penalty
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Delay of 90 to 119 days
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1% of outstanding amount
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Delay of 120+ days
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Recall Finance. (with the prior
approval of Head Office)
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Repayment Frequency and Mode etc.
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Equal Monthly Installment
comprising principal and mark-up according to the amortization schedule based
on pricing and tenure. The amortization schedule will be revised consequent
upon review of the floating rate at the specified intervals.
• Property Documents:
Any title document available (other documents may be required)
AND
1) For Salaried Persons, whose Salaries
are Disbursed Through NBP Branch
• Employer Undertaking for remittance of salary at relevant NBP branch for credit to customer's account (to be provided at a later stage, format available at relevant branch) • Employee ID Copy attested by NBP Branch (where applicable) • Attested copies of last three (3) months salary slips • Attested copies of last three (3) months bank statements
2) FOR SALARIED PERSONS OF MNCs AND
NBP APPROVED COMPANIES
• Employer Undertaking duly attested by relevant NBP Branch, where applicable (to be provided at a later stage, format available at relevant branch) • Attested copies of last three (3) months Salary Slips • Letter of Verification of Employment on Company Letterhead mentioning the date of joining • Attested copies of last three (3) months bank statements
3) FOR OTHER SALARIED PERSONS
• Letter of Verification of Employment on Company Letterhead mentioning the date of joining • Attested copies of last three (3) months Salary Slips • Attested copies of last twelve (12) months bank statements • Attested copies of last three (3) months paid bills for electricity and telephone OR copies of last (12) twelve months credit card bills (which ever is available)
4) FOR BUSINESS PERSONS
• Bank Certificate stating applicant maintaining Business Account and the date of account opening • Attested copy of latest Form 29 in case of Private or Public Limited Company • Attested copy of Partnership Deed (where applicable)
5) FOR SELF-EMLPLOYED PERSONS
• Attested copy of current professional association membership/practicing certificate. Adequate proof of professional engagement like bank certificates • Attested copy of Partnership Deed (where applicable)
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