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
Variable Rate Option:	SBP Discount Rate +2% with12 months re-pricing (with Life Insurance)
	SBP Discount Rate +4% with12 months re-pricing (without Life Insurance)

Processing Fee

Government Employees: Rs. 500/- irrespective of financing amount. For Others : Financing below Rs. 1 Million Rs. 1000 Financing between Rs. 1 to 4 Million Rs. 3000 Financing above Rs. 4 Million Rs. 6000

Other Charges *

Income Estimation, Legal and valuation fee will be charged as per actual.

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.

Prepayment Option Available

Pre-payment (Complete/Partial option available).

Penalties
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.
In case of Returned Cheques, penalty will be as per NBP’s approved tariff. In case of delay in construction:
Delay of 1 to 89 days	No Penalty
Delay of 90 to 119 days	1% of outstanding amount
Delay of 120+ days	Recall Finance. (with the prior approval of Head Office)

Repayment Frequency and Mode etc.

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. Eligibility  for NBP Saibaan Home Loan  Must be Pakistani Resident (National) Aged between 21 and 65 years at the time of application/disbursement of loan. Salaried Person, Self-employed professionals and businessmen. Minimum income requirement Rs. 5000 for Govt. Employees, Rs. 10,000 for other salaried persons and Rs. 15,000 for self employed and businessmen. Property located in NBP approved localities. Service duration: Two years for salaried class Three years for self-employed/business class.  Documents Required with Applications Form • Two attested passport size photographs • Two attested copies of your National Identity Card • Cheque for the processing charges • 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)   How to Apply Instructions for completing the Application Form: Fill-in the form completely Print the "completely filled" form Get it signed by Referees Sign it yourself Attach the Required Documents and submit "In PERSON" to NBP Saibaan Team