Rapid Finance Facility
Meet your instant cash need! Sindh Bank now offers “Rapid Finance Facility” a prompt solution to fulfill your immediate financing needs. It is an efficient, hassle-free and affordable loan, while keeping your savings and investments secure.
FEATURES*:
- Demand Finance/ Term Finance or Running Finance Facility
- Up to 90% of the present encashment value of the liquid security (DSCs/ SSCs, TDRs, Cash Deposit etc.
- Minimum documentation
- Quick & hassel free processing
- Lowest markup rates
ELIGIBILITY CRITERIA:
| Target Customer | All types of Individuals |
| Nationality | Pakistani & AJK citizen |
| Age | 21 years to 65 years |
| Nature | Demand Finance/ Term Finance/ Running Finance |
| Limit Amount | Maximum 90% of the present encashment value of the liquid security |
| Purpose | To meet their personal requirements/ needs including but not limited to payment of goods, services and expenses etc. |
| Tenor | Demand/ Term Loan: Maximum up to 4 years and/or Running/ Revolving Line |
| Markup Payment Frequency | Monthly/ Quarterly |
| Security | Lien on deposit in Current/ Saving/ DDPS/ Fixed Account Or Lien over TDR/ Defence Savings Certificates/ Special Savings Certificates/ Regular Income Certificates/ Other Pledge-able Certificates etc. (Instruments except TDRs, issue date should be at least 6 months older at the time of loan processing) |
| Documents Required | 1. Copy of Valid DSC/TDR/ SSC/RIC etc. 2. Copy of valid CNIC of Applicant(s) 3. 2 recent photographs of the applicant(s) 4. Copy of last paid Utility Bill 5. Duly filled Borrower’s Basic Facts Sheet/ CF-1 as prescribed by SBP 6. Account Statement of last 6 months (where applicable) 7. Last 3 months Salary Slips in case of Salaried 8. Pension Card/ Certificate in case of pensioner 9. Any other document as required |
*Terms & Conditions Apply