Salary Loan shall be extended to individual for Self-Consumption/ Emergency use/ Asset acquisition/ any other personal use.
Minimum 2 Years with a reputed organization
Annual Income is up to Rs. 1,200,000 (net of all deductions).
Upto Rs. 350,000
06 to 24 Months
Equal Monthly Instalments (EMI)
Maximum two Guarantors/Personal Guarantees OR
Pledge of Asset OR
Original Deed OR Vehicle Registration book.
For Loan Amount of Rs. 100,000 one guarantor and for loan amount exceeding Rs. 100,000 at least two guarantors are required
02 Post-dated cheques in favour of “Pak Oman Microfinance Bank Limited” equal to loan amount
CNIC copy of Customer & Next of Kin
CNIC Copy of Guarantor(s)
Utility Bill preferably electricity of business place/residence OR any other document proving the ownership
Who Can Avail
Anyone who is a permanent employee of a reputed organization for the last 2 years (minimum) within the age bracket of 22 – 57* years
*(Maturity of loan should coincide with the 57th birthday of the customer).