M. A. Mannan, Group Executive Consumer and commercial addressing a press conference at a local hotel said the proposed interest rate for this new consumer product will vary from 16-18 per cent.

He announced that the UBL will be launching one or two new consumer products during the coming few days.

He said that the UBL will not be demanding any security for availing this facility and anyone with a monthly income of Rs10 thousands and above can avail this facility and the UBL will provide this facility either through cheque or credit card and cash can be withdrawn from bank's ATM all over the country.

He expressed the optimism bank has the financial resources to met the finances required for all submitted applications.

He said that the UBL Casline is a first of its kind credit line facility with lower mark up against higher utlisation of funds that means that the consumer has to pay less mark up as he spends more. He said there is no restriction on the use of UBL Cashline.