Why should I apply for Personal Installment Loan?
The Personal Installment Loan is extremely flexible. You can borrow any amount ranging from Rs. 50,000 to Rs. 499,000 for 12, 18, 24, 30, 36, 42, 48, 54 and 60 months based on the Bank's qualifying criteria. |
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What are the application processing charges for Personal Installment Loan and how do I pay them?
The application processing charges are PKR 1,500 or 1% of loan amount whichever is higher. The charges are deducted from the loan amount at the time of loan disbursement. |
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How do I pay my monthly installment?
On the 2nd of every month, the installment amount will be deducted from your current account subject to the availability of funds.
You can deposit funds in your current account by
- Dropping your cheque ( 2 -3 days working days for cheque clearance) in any of our drop boxes.
- Transferring funds from another RBS account via NSBC.
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Do I have an option of pre–paying my loan?
Yes. You can pre pay your entire loan by paying a nominal charge of PKR 5,000 or 10% of your outstanding loan amount whichever, is higher. |
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When can I apply for Top Up/ Enhancement? Do I have to pay any additional charges?
You can apply for Top Up/ Enhancement after 6 months of your loan approval. The fee for Top Up/ Enhancement is 1 % or PKR 1,500 (whichever is higher). |
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How do I apply for a Personal Installment Loan?
Just call our Customer Interaction Centre at 111-06-06-06 ad we will send our representative to complete the application formalities.
You may also choose to visit any of our branches for further details.
Please note: All Loans will be the Sole Discretion of RBS and the Bank reserves the right to accept or reject any application without assigning any reason thereof. Terms and conditions for the Personal Loans are subject to State Bank / or Bank policies and are subject to change without notice.
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What are the interest rates on Personal Installment Loans?
Please click here for the Interest rate of Personal Installment Loans. |
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