What is Sahulat Loan?

The product Sahulat Loan is a loan facility against your investments which includes:

• Certificates issued by National Savings Centers are eligible
  • Defense Savings Certificates (DSCs)
  • Special Savings Certificates (SSCs)
  • Regular Income Certificates (RIC)
• Deposits with UBL (Pak Rupee / Foreign Currency)
• selected UBL Mutual Funds
• Premium Prize Bond

The bank will not provide loans under this PPM for

• Financing against Prize Bonds bearer
• Financing against Shares/Stocks
• Financing against any Mutual Funds
• Securities in the name of Minors

Can I avail credit facility against third party investment?

Third party collateral is permissible with exception to securities issued in the name of minors and against certificates issued by National Savings Center GoP.

For what purpose can I borrow?

It can be for business purpose or for any personal use

How much can I borrow and against my investments?

It depends on the type of your investment held & requirement

What are the financing facilities available?

• For Business purpose - All type of facilities are available to address your business needs including Running Finance facility, Term Finance, Letter of Credit, LG, FIM & FTR
• For Personal needs you can avail Running finance & / or term finance

What is the maximum period for term finance?

Term finance facility is available from one year upto 5 years.

What is the minimum amount that I can borrow?

• Business Rs.100,000/-
• For salaried / Self Employed: Rs.100,000/-

Who can apply for loan?

• Business Purpose: Individual / Proprietorship, Partnership, Private Limited Companies
• Personal Need: Permanent salaried employees and self-employed individuals

My investment is under joint account can I borrow against it?

Yes, you can borrow against it.

Can I avail multiple loans?

Yes, you can apply for multiple loan

What are the requirements for applying a loan?

For Business Propose

• Financial statement
• Valid CNIC
• Any business proof

Salaried Individual

• 6 Month Bank Statements
• Minimum experience required 2 years (permanent job)
• Age limit: 21 to 65
• Valid CNIC
• Latest Salary Slip
• Copy of the latest paid bill received at the residential address

Self – Employed

• Valid CNIC
• Age limit: 21 to 65
• Minimum experience required 2 years (permanent job)
• 6 Month Bank Statements
• Bank letter for proprietorship
• Copy of the latest paid bill received at the residential address
• Financials – Income Estimation duly certified by Chartered Accountant

How can I get loan?

We will forward your request to our relationship management team who will get in touch with you to discuss your requirements.

Can I Early Settlement my Loan?

There is no restriction on settling loans prior to loan maturity date. Principal and mark-up will be recovered accordingly; markup will be recovered based on days utilized.

Do I have access to profit on my investments?

Where deposit is kept with UBL, access to profits on deposits / saving is allowed