Sukoon Personal Loan Secured

SUKOON SALARY LOAN SECURED

Experience financial empowerment with Sindh Bank Ltd’s Sukoon Personal Loan Secured. Leverage your assets to meet your financial needs. Our product gives you the freedom and security to achieve your personal goals effortlessly.

FEATURES:

  • Minimum documentation
  • Quick and hassle free processing
  • Financing up to PKR 5,000.000/-
  • Convenient and affordable monthly installments up to 48 months
  • Low mark-uprates
  • Flexible repayment options
  • Early and partial settlement options

ELIGIBILITY CRITERIA:

Customer Type:

  • Salaried (SI), Self Employed Business/Professional (SEB/SEP)

Financing Amount:

  • Min Rs. 100,000/- Max Rs. 5,000,000/- (Aggregate exposure on account of credit cards & personal loan (secured & unsecured) should not exceed PKR 7 Million

Loan Tenor:

  • One to Four years

Age:

  • Minimum 21 and maximum 60 for SI & 65 years for SEB/SEP at the time of loan maturity.

Minimum Income/Salary:

  • For SI Rs. 50,000/- & For SEP/SEP Rs. 65,000/-

Length of Employment/Business/Profession:

  • For SI Minimum 1 year & For SEB/SEP Minimum 2 years in Business/Profession

Debt Burden:

  • Proposed loan installment plus other finance facilities installments (if any) should not exceed 40% of the monthly income/net take home salary, or as per SBP regulations

Security:

  • Charged on asset (car, vehicle)

Loan to Value:

  • Up to 70% of the vehicle’s market value. (Vehicles must not exceed 12 years of age at the time of loan maturity)

REQUIRED DOCUMENTS:

General:

  • Completely filled bank’s prescribed loan application form
  • Two recent photographs
  • Copy of valid CNIC of self & two references
  • Copy of latest utility bill of residence address
  • Copy of proposed security/collateral documents

Salaried:

  • Employment certificate
  • Last three months’ salary slips
  • Statement of account for the last six months
  • NOC/No enquiry certificate from employer

Self-Employed Business/Professional:1-year bank statement

  • Account maintenance certificate
  • Proof of business
  • Latest tax return/tax certificate
  • Copy of professional degree