Summit Bank Offers Gold Loan Scheme 2024

Bank Loans in Pakistan, dated January 3, 2024: Summit Bank of Pakistan offers a wonderful loan scheme in Pakistan. Summit Bank, one of the leading banks in Pakistan, brings a loan scheme to 2024. You can get a loan in place of gold. This is an easy way to get a loan from Summit Bank because, in almost every home in Pakistan, the gold remains for a long time without any use.

Gold-Loan-Offer-2024
Gold-Loan-Offer-2024

Just give your gold today to Summit Bank and get a cash loan today; your gold will remain the same, and you can withdraw your gold to give back the cash loan to the bank at any time.

For future planning, I think this is the best offer for those who cannot buy their gold, and can get their loan back when they want.

Benefits:

Instant loan

Low Competitive Markup

Utmost safety of Gold

Minimum Documentation

Higher loan-to-value

Easy repayment

No minimum income criteria

A one-time payment option is available

Features:

Age Limit: 18–60 Years.

Loan Amount: Maximum up to $2 million.

Markup Rate: 3 months Kibor +5% or Minimum 15% (Per annum).

Loan Limit: Up to 60% of the gold value.

Tenure: Up to 1 Year on a roll over basis.

Loan Type – Running Finance / Term Finance

Repayment option: monthly, half-yearly, or yearly.

Withholding tax is applied and zakat is deductible unless exempted.

Requirements:

Accounts will be opened in accordance with documentary requirements laid down in the SOP of “Account opening and Management.”

Must be a resident Pakistani

No minimum income required

2 passport size photographs of applicant

1 passport size photograph of Nominee

2 References

Quality of Gold: Not less than 18 Karat

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