Have an unforeseen expense to meet? Want to renovate your home or take that long awaited dream vacation?
Samba Bank now makes it all possible with Samba Personal Loan! Samba Personal Loan is a term loan geared towards meeting your short and medium-term personal financing needs without the need for any security or collateral.
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 [email protected].
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.
Features And Benefits
- Financing amounts of up to PKR 2 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 10-leaves chequebook
- Free Samba Personal Loan Current Account with no minimum balance charges
- Flexible rates from 22.5% to 36.5% based on your risk assessment
*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 2% additional mark-up on your applicable Facility Rate / Annualized Percentage Rate (APR). This option is not applicable on Balance Transfer cases.