National Bank of Pakistan has enhanced the Advance Salary Loan for Government, Semi Government Employees. This enhanced facility is for the employees of BPS-17 and above, however the lower scale employees are already availing the facility of Advance Salary up to 490,000/-. Earlier this facility of Rs. 490,000/- was for all the employees, now this facility has been enhanced up to 1,000,000/- for the employees of BPS-17 and above.
It is further added that NBP is granting advance salary loan to the employees at a very low rate as compared to other banks of Pakistan. Most of the lower grade employees have already availed this Advance Salary Loan facility. The duration of this loan is from 1 to 5 years. And the amount of Advance is equal to 20 x of Net Home Take Salary.
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