Features & Benefits
- Financing amounts of up to PKR 3 Million
- Choose your repayment period with flexible loan tenure options of up to 48 months
- Free Credit Life Insurance with your Samba Personal Loan*
- No pre-payment penalty charges upon early settlement of your loan with Samba Personal Loan’s 0% pre-payment penalty option**
- Transfer your existing Personal Installment Loans with other Banks with Samba Personal Loan’s Balance Transfer Facility
- Simple documentation and fast loan processing turnaround time
- Free first time 5-leaves chequebook
- Free Samba Personal Loan Current Account with no minimum balance charges
*Subject to the terms and conditions of the insurance policy.
**If you opt for the 0% pre-payment penalty option, you will not have to pay any pre-payment penalty upon early closure of your Samba Personal Loan subject to paying upto 4% additional mark-up on your applicable Facility Rate / Annualized Percentage Rate (APR). This option is not applicable on Balance Transfer cases.
Exceptions
- Pakistani nationals residing and working in Karachi, Lahore, Islamabad, Rawalpindi, Wah Cantt and Peshawar.
- Applicants must be aged at least 22 years and 30 years for salaried and self-employed individuals respectively.
- Must not be aged older than 65 years (or retirement age, whichever comes earlier) at the time of maturity of loan
- Applicants must have a minimum 3-month deposit relationship with any Bank in Pakistan for salaried individuals and minimum 6-month for self-employed individuals.
- Applicants must have a minimum monthly income of PKR 75,000 and PKR 225,000 for salaried and self-employed individuals respectively.
- Salaried applicants must be working at their current employer for a minimum period of 6 months or have total continuous experience of 12 months
- Self-Employed applicants must have a minimum tenure of 2 years in their current business
- Applicants must not be delinquent on any other consumer loan product(s) from Samba Bank or any other Bank in Pakistan
* The given requirements and eligibility criteria are indicative minimum requirements only and may vary depending on various factors including but not limited to customer profile, credit history, employment status etc.
* All Samba Personal Loan applications will be subject to State Bank of Pakistan regulations and Samba Bank’s internal credit policies.
*Terms And Conditions Apply.
To apply for Samba Personal Loan, please contact Samba Phone Banking on our toll free number 0800 SAMBA (72622), UAN +92 21 11 11 SAMBA (72622) or write to us on Samba.Care@samba.com.pk.
You will need to provide the following minimum documents to apply for Samba Personal Loan;
- Complete and signed Samba Personal Loan Application Booklet
- Valid Computerized National Identification Card / Smart National Identification Card
- Six Months’ Bank Statement
- Valid documentary evidence of employment or business
Salaried Individuals: Three months’ pay / salary slip duly validated by employer’s Human Resource Department
Self-Employed Individuals: Tax Returns, Proprietorship letter, NTN Certificate, Partnership Deed, Articles / Memorandum of Association etc. (requirements may vary on a case-to-case basis)
- Loan payoff / termination sheet (s) and / or repayment schedule (s) from existing Bank (s) [for “Balance Transfer Facility” applications]
* The given requirements and eligibility criteria are indicative minimum requirements only and may vary depending on various factors including but not limited to customer profile, credit history, employment status etc.
* All Samba Personal Loan applications will be subject to State Bank of Pakistan regulations and Samba Bank’s internal credit policies.
*Terms And Conditions Apply.
