In today’s fast-paced world, owning a car or fulfilling urgent financial needs can become a necessity rather than a luxury. For salaried individuals in Pakistan, the National Bank of Pakistan (NBP) offers two practical financial solutions: the NBP Car Loan and the NBP Salary Loan. Whether you’re planning to purchase your dream vehicle or need immediate funds for personal reasons, NBP provides convenient and reliable loan products with competitive features.
Following is a complete guide on how to apply, eligibility, documentation, and main benefits of both loans.
NBP Car Loan – Own Your Dream Car
What is the NBP Car Loan?
The NBP Saibaan Auto Finance Scheme enables salaried persons, professionals, and businessmen to purchase new, used, or imported automobiles with convenient monthly installments. The loan facility extends to both conventional and Islamic banking clients.
Key Features:
Loan Amount: Maximum Rs. 5 million
Tenure: 1 to 7 years
Financing against: New, used (maximum 7 years old), or imported vehicles
Markup Rate: Competitive, typically KIBOR + bank spread
Down Payment: Minimum 15% to 30% (varies with car model)
National Bank Eligibility Criteria
Age: Between 21 to 60 years (at maturity of the loan)
Employment: Permanent salaried staffer (government or private sector)
Monthly Income: Minimum Rs. 25,000 (net salary)
Length of Service: Minimum 2 years (confirmed employment)
Required Documents
CNIC copy- Latest salary slips (3 months)
- Bank statement (6 months)
- Employment letter or service certificate
- Two passport-size photographs
- Quotation or invoice of chosen car
How to Apply
Approach your nearest NBP branch
Complete the application form and include supporting documents
Wait for credit appraisal and approval (approximately 7-10 working days)
NBP Salary Loan – For Your Immediate Financial Needs
What is the NBP Advance Salary Loan?
This is a medium-to-short-term personal loan only for government and semi-government salaried employees. It permits people to borrow up to 20 net take-home salaries with minimal paperwork and quick processing.
Main Features:
Loan Amount: Max Rs. 2 million
Tenure: 1 to 5 years
Repayment: Through monthly installments through salary deduction
Markup Rate: Extremely competitive (fixed or variable)
No Collateral: Salary assignment alone is required
Eligibility Criteria
Employee of: Government or semi-government department
Age: 20 to 59 years
Net Salary: A minimum of Rs. 15,000 per month
Employment Duration: At least 1 year in present job
Required Documents
CNIC copy- Latest salary certificate
- Last 3 months’ salary slips
- Bank statement (last 6 months)
- Employer’s undertaking (salary assignment)
- Loan application form
How to Apply
Take the documents required to an NBP branch
Submit your application
Wait for approval (usually processed within 3-5 working days)
Why Choose National Bank of Pakistan?
Nationwide Branch Network – Easy access all over Pakistan
Government Bank – Secure, regulated, and trusted
Low Markup Rates – Reasonable monthly payments
Quick Processing – Speedy approval to get your loan faster than most private banks
Customer Support – Trained professionals to assist you from start to finish
How to Get a Car Loan and Salary Loan from National Bank
Applying for Car Loan or Salary Loan from NBP is an intelligent option to fulfill your financial objectives without exerting pressure on your savings. With the customer-friendly policies, extensive availability, and cooperative employees of NBP, it remains a favorite among thousands of salaried workers across Pakistan.
Prior to applying, ensure that:
You check your credit history
Familiarize yourself with repayment commitments
Carefully read terms & conditions
If you are eligible, head to your local NNP branch or call their customer service helpline at (021-111-627-627) for further details.
