Sukoon Salary Loan
The Sukoon Salary Loan, offered by Sindh Bank, is a designer financial solution pointed at addressing the direct needs of salaried persons. Designed for enduring employees of the Sindh government and other local entities, this loan provides a reliable and accessible way to handle expenses like weddings, education, home repair, or dangers. Here’s all you need to know about this program to make an informed decision.
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Quick Information Table
| Feature | Details |
| Program Name | Sukoon Salary Loan |
| Start Date | Ongoing |
| End Date | No fixed deadline; depends on Sindh Bank policies |
| Loan Amount Range | PKR 50,000 to PKR 1,500,000 |
| Loan Tenure | Up to 4 years |
| Application Method | Online and at Sindh Bank branches |
| Eligibility | Salaried individuals maintaining accounts at Sindh Bank |
Features of the Sukoon Salary Loan
The Sukoon Loan offers the following benefits:
- Loan Amount: Avail financing between PKR 50,000 and PKR 1,500,000.
- Flexible Tenure: Repayment options extend up to 4 years, ensuring handy installments.
- Low Mark-Up Rate: The loan features good interest rates, making it cost-effective for salaried personnel.
- Hassle-Free Processing: Minimal documentation requirements ensure speedy approvals.
This loan is mainly suitable for urgent personal needs, including:
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- Wedding expenses
- Education fees for children
- Home improvement projects
- Medical crises or other unforeseen expenses
Eligibility Criteria
To qualify for the Sukoon Loan, applicants must meet the following requirements:
- Nationality: Must be a Pakistani citizen or a resident of Azad Jammu and Kashmir (AJK).
- Employment Status: Open to stable employees of Sindh government departments and certain solicited entities.
- Age: Applicants must be aged between 21 and 59 years.
- Account Requirements: A salary account with Sindh Bank is mandatory.
- Work Tenure: Minimum of 2 years of continuous service.
- Guarantor: A guarantor at least one grade above the applicant’s position is required, with a smallest grade of BPS-15.
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Required Documentation
Applicants need to provide the following documents when applying:
- A completed Loan Application Form (LAF)
- Two recent passport-sized photographs
- A valid copy of the applicant’s CNIC
- Salary slips from the last three months
- Copies of recent utility bills
- NOC (No Objection Certificate) from the employer
- An undertaking signed by the Salary Control Department or a Deputy District Officer (DDO)
Application Process
Applying for the Sukoon Loan is simple:
- Visit your nearest Sindh Bank branch or their official website.
- Fill out the Loan Application Form and attach the required documents.
- Submit the application either physically or online, depending on the bank’s available facilities.
- Wait for the verification and approval process, which is advanced for eligible runners.
For more information, applicants can also contact the Sindh Bank helpline.
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Why Choose Sukoon Salary Loan?
The Sukoon Loan stands out due to its customer-friendly approach, cheap financing, and easy accessibility. It empowers persons to manage urgent financial duties without delays or wide paperwork, making it a popular choice among salaried employees in Pakistan.
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Conclusion
The Sukoon Loan by Sindh Bank is a reliable solution for salaried persons in Pakistan. With flexible terms, good rates, and a transparent application process, it caters well to the financial needs of its target interview. If you’re looking for a loan to meet your direct needs, this program offers a open option.