Application form for Prime Minster’s Youth Business Loans is free of cost and you will have to pay nothing for this form. If any one asks for bribery or any illegal demand for this loan process you can contact at the toll free number 0800-77000. You will have to deposit only Rs. 100/- as processing fee at the time of depositing the form and this fee is nonrefundable.
Govt Employees Loan Schemes
NBP Interest Rate for Advance Salary Loan
I am today giving you the information about the Interest Rate for the Advance Salary Loan for the Employees. The Interest rate for NBP as on 11-09-2013 is 19% which is the lowest as compared to all the other banks. These interest rates are variable from time to time. National Bank of Pakistan grants Advance Salary Loan from a period of 01 year to 05 years. You can calculate yourself the amount of interest and all other details of loan with the help of Advance Salary Loan Calculator whose detail I have already given you in my previous posts. I will show you here some calculations on the base of 19% interest rate. Note these are all rough calculations; there may be variation according to the bank policies.
Happy News- NBP Enhanced Advance Salary Loan for Employees
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.
How to Calculate Interest on Motorcar and Motorcycle Advance?
Calculation of interest on Motorcar and Motorcycle Advance is really a great topic for the employees who don’t know the ABC of accounts. Most of the employees depend on auditors and accountants or other clerical staff to calculate the interest on the advances they have drawn. Sometimes they due to unawareness of the calculation of the amount of interest many employees may pay more interest than the actual interest amount, this is really a financial loss for the employee.
Revision of Motor Cycle, Motor Car and Bicycle Advances
The rates and the conditions of the Motor Cycle Advance, Motor Car Advance and Bicycle Advances have been revised/amended wef 01-07-2012 vide Government of Pakistan, Finance Division (Regulation Wing) Ltr No.No. F.8 (2)-Reg.7/87(Vol.11)-288 dated 20th July, 2012