If you are a permanent employee of a company (Government, Semi-Government, MNC or Local Corporate Entity/Private/Public Limited), which disburses salary through UBL, then UBL PayPlus (loan against salary) is the right product for you. Through UBL PayPlus, you can now easily avail a loan based on your salary level.

All you have to do is to get your company enlisted with UBL for the facility. Once the basic requirement has been completed, you can fill out the application form available from all UBL branches , attach the requisite documents and apply for UBL PayPlus (loan against salary). It is as simple as that!

Processing Fee

A one-time processing fee of only Rs.500/- will apply.

Salient Features

• Fixed Equal Monthly Installments.
• Low Markup.
• Low Processing Fee.
• Service available at all UBL Branches.
• Minimum Documentation required

Eligibility Criteria

• Must be Permanent Employee of company
• Maximum Loan Amount of up to 15 gross salaries or PKR 500,000.00 (which ever is less).
• Installment amount must not exceed 33% of Net Take Home Salary (NTHS).
• Loan amount not to exceed 90% of already accrued End Service Benefits (ESB).
• Repayment through 12, 24, 36, 48 or 60 monthly installments.
• Maximum age should be 55 years on the date of disbursement.

Terms & Condition

• Company to disburse employee salaries through UBL account only.
• Irrevocable assignment of salary & end service benefits of employee required in favour of UBL.
• Monthly repayment of loan installment (principal + markup) shall be done by directly deducting salary account.
• Monthly installment will be in arrears.
• Processing fee, complete documentation charges & expenses to be deducted from loan account.

Required Documentation

• Duly Filled loan application form
• Company undertaking
• CNIC copy
• Employee ID Copy
• Last 3 salary slips

For further information, please visit any UBL Branch or call us on our toll free number at 0800-11-825