General Loan Against Salary/ Pension

Personal Loan

MCB Personal Loan Calculator

MCB Personal Loan is a Fast, Affordable and Easy option to meet your immediate financing needs.

Key Features

• Minimum Loan Amount: PKR 50,000
• Maximum Loan Amount: Up to PKR 2 Million
• Tenure: 1 year to 5 years
• No securities or collateral required
• Approved Cities: Karachi, Lahore, Rawalpindi, Islamabad, Faisalabad, Hyderabad, Multan, Gujranwala, and Peshawar.

Eligibility

Clean Credit History Based Criteria:

• 1) You must have a credit card, a personal loan or an OD facility from any bank with two years history,
• 2) You must have a clean/ timely repayment history with your bank and should not have a default on any loan in the last 5 years,
• 3) Minimum Net monthly Salary
  • i. Salaried Customers: PKR 40,000/-
  • ii. Govt. Officers/ Armed Forces : PKR 30,000
  • iii. For Self-Employed customers, PKR 100,000/- **
• a) If you are a salaried Individual having your salary account with MCB Bank for two years. **
• c) If you are maintaining an average balance of PKR 1.5 Million in any bank for a minimum of 6 months.

• No History Criteria:
  a) If you are a salaried Individual having your salary account with MCB Bank for two years. **
  b) If you have a Monthly Gross Salary of over PKR 500,000**
  c) If you are maintaining an average balance of PKR 1.5 Million in any bank for a minimum of 6 months.

Initial Documents:

• Copy of Salary slip/ Proof of income
• Copy of Valid CNIC

Rates

These are promotional rates and are valid till 31st March, 2015.

	Customers with Qualifying Credit History		Customers with non-Qualifying Credit History
Tenure	1 to 3 years	4�5 year tenure	1 to 3 years	4�5 year tenure
Salaried � Govt/Armed Forces	22%	24%	24%	26%
Self Employed	24%	26%	26%	28%

*Subject to terms & conditions
**The approval eligibility criteria have been broadly defined. Bank reserves the right to accept or reject any proposal without assigning any reason.
For further information, please call MCB Phone Banking at 111-000-622 (MCB Bank) or visit your nearest MCB Bank branch.