Raast Salary Sahara

Nature of Finance Murabaha finance for Salaried persons
Tenure 01 to 05 years
Pricing Pricing as per declared in monthly Circulars
Eligibility criteria Pakistani national, including AJK
age 22 to 58 years
Period of employment 03 years or more in Permanent cadre
Income of Applicant Net take home Salary to be minimum Rs. 15,000/- & installment should not be more than 33% of the net take home income or 50% corrective installments not to exceed salary other loans
Maximum Amount Rs. 1.00 Million or 15 net take home salary, whichever is less

RAAST CONUMER MURABAHA” SALARY FINANCING POLICY

Security

For Govt.& semi Govt./Local Bodies Employees  

Option 01

Terminal Benefits are sufficient to cover sum of installments.

  • Lien on Terminal Benefits from the parent department of the customer duly signed by authorized official/drawing & disbursement official.
  • PG of the customer.
  Option 02

Terminal Benefits are not sufficient but at-least cover 75% or more total financing amount.

  • Lien on Terminal Benefits from the parent department of the Customer duly signed by authorized official/drawing & disbursement official.
  • One PG of Grade 15 or above Grade. (senior grade for Non-Govt. Employee)
  •  PG of the customer.
  Option 03

Terminal Benefits are not sufficient but at-least cover 50% to 74% of total financing amount.

  • Lien on Terminal Benefits from the parent department of the customer duly signed by authorized official/Drawing & Disbursement Official.
  • Two PG of Grade 15 or above Grade (senior grade for non-Govt employee)
  • PG of the customer.
For Private Organization employees

Lien on Provident fund/end service benefits.

  • Institutional Guarantee of the parent organization OR two personal guarantees with acceptable net worth. 
  • PG of the customer.
Mode of Payment Post dated cheques

Apply Online

News

BOK Signs MOU with Atlas Honda

On March 29, 2017 “The Bank of Khyber” and “Atlas Honda Ltd” signed MOU for extending  financing facility to Govt /Semi Govt. employees and BOK customers for purchase of Honda...

BOK Earns Record Rs.2 Billion PAT in 2016 & Announces 15% Cash Dividend

Islamabad: The Bank of Khyber (BOK) operational performance demonstrated record improvement in all areas for the year 2016. The Bank managed to post Profit after tax of Rs.2.020...

Location