Are you a government or semi-government employee? If you maintain or transfer your salary account to the Bank of Punjab, you’re in luck! BOP has introduced an Advance Salary Loan facility just for you. This financial solution is designed to help salaried individuals address their immediate financial needs. You can borrow the money you need and repay it through equal monthly installments. The process is simple and hassle-free, and you can access the funds you require before your salary is credited. With minimal documentation requirements, it’s easy to apply for this loan.
BOP Advance Salary Loan
The loan amount is determined based on your monthly income and your ability to repay it. BOP offers a flexible repayment tenure, making it convenient for you to pay back the loan in affordable installments. This loan facility is perfect for those unexpected expenses or cash shortages that can arise before your next payday. So, if you’re a government or semi-government employee, consider the Bank of Punjab’s Advance Salary Loan to meet your immediate financial needs.
BOP Advance Loan Calculator
Are you looking for a quick and easy way to access cash? The BOP Advance Salary Loan Calculator is here to help. This handy tool allows you to enter the loan amount you need and your preferred repayment tenure. In return, it provides you with an estimate of your monthly installment payments. This loan is designed for salaried employees working in reputable organizations. It offers flexible repayment options and competitive interest rates to suit your financial needs. The calculator is designed with your convenience in mind. It simplifies the loan process and offers transparency, making it a fantastic option for anyone seeking financial assistance. BOP Loan Calculator
BOP Advance Salary Loan Apply Online Loan Calculator Interest Rate
Bop advance salary loan interest rate
Bop advance salary loan offers a competitive interest rate for individuals seeking financial assistance. With a focus on providing convenience and support, Bop ensures that the interest rate remains affordable and manageable for borrowers. The loan aims to bridge the gap between paychecks, allowing individuals to meet their immediate financial needs without incurring excessive interest charges.
BOP advance salary loan Scheme 2024
Minimum: Rs.50,000/-
Maximum: Rs.500,000/-
Monthly Installment(s) should not exceed 40% of Net Salary
BOP Tenure of Loan
- Minimum: 1 year
- Maximum: 3 years
Processing Charges =Rs. 2,500/- per case (Upfront / Non-Refundable)
Pre-Mature termination Charges: Nil
Balloon & Partial Payment: Nil
Late Payment Charges: Rs. 1/- per thousand per day of monthly installment amount for overdue days.
Permanent Government Employees
- Age between 19 and 59 Years
- Minimum gross salary – Rs.14,000 per month
- No Default / Write Off History
- Contractual Government Employees
- Age between 19 and 59 Years
- Min experience – 1 years in current organization
- Minimum gross Salary – Rs. 50,000 per month
- Provide one personal guarantee of equivalent or senior grade of Govt. Employee
- No Default / Write Off History
- Non Government Employees (Permanent / Contractual)
- Age between 19 and 59 Years
- Minimum experience – 3 years
- Minimum gross salary – Rs.14,000 per month (Permanent employee)
- Minimum gross salary – Rs.50,000 per month (Contractual employee)
- Provide one PG of equivalent or senior grade of same organization (for contractual employee)
- No Default / Write Off History
What Documents Are Required ? Permanent Government Employees
- Copy of valid CNIC
- One photograph
- Salary slip (any of last six months) / employer certificate
- Department Confirmation Letter
Contractual Government Employees
- Copy of valid CNIC
- One photograph
- Salary slip (any of last six months) / employer certificate
- Contract letter / Contract renewal letter
- Non Government Employees (Permanent / Contractual)
- Copy of CNIC
- One photograph
- Salary slip (any of last six months) / employer certificate /employment letter
- Bank statement for last 6 months
- Contract letter / Contract renewal letter (for contractual staff)
How Can I Avail The Facility ?
Contact our nearest Consumer Financing Center (CFC)OR
Email your contact number at [email protected]
