Unit 1.2 SMBL Products and Services (Conventional)

SMBL Products and Services
Learning and Development

What are banks?
Banks are financial intermediaries which bring together savers and users of cash.
Users
Liabilities Assets
The difference between the lending rate and deposit rate is called “Spread”

What Is Product?
A product is a bundle of services and benefits that satisfy the needs or wants of customer segment.
It can be tangible or intangible.
PRODUCT FEATURES HIERARCHY
Add on Features: These features are not important to the customer. these are good to have but
are not too valuable in the eyes of the customer.
Secondary Features: These features are important to the customer but the customer is willing to
compromise on these.
Core Features: These are the features that satisfy the basic need of the customer. the customer
will not compromise on these
Customer’s
Need
Product Value

Product & Services
The Bank provides a comprehensive range of commercial and private products & services. The
Bank's highly personalized product range includes International Trade Finance, Corporate,
Consumer, SME and Commercial. These services are backed by leading-edge technology, designed
to ensure that Summit Bank Ltd is well placed to react swiftly to the ever increasing pace of change
in the world of banking.

Liability / Deposit Products
Current Account
Summit Bank Current Account is a convenient and secure way of holding your money in local and
foreign currencies.
Requirement
• Original Computerized National Identity Card(CNIC) of Customer
• Opened with Rs.100/- in LCY
• Opened with 1,500 foreign currency (USD, EURO, GBP & Japanese Yen equivalent to 1500 $
• Minimum balance maintenance required is Rs.10,000/-However, no Minimum balance charges
shall be applicable.
Continue…

Key Features
• Free real time online banking i.e. cash deposit and withdrawal, funds transfer, Call Deposit Reciept
(CDR), Pay order (PO), Rupee Traveller Cheques (RTC) facilities through country wide network of
branches.
• Unlimited free of cost transaction facility over the counter & on Summit Bank Cash withdrwal on 1
Link,& M-net ATM (Charges as per SOC) hyperlink for SOC.
• Cheque book issuance Rs 7/-per leaf plus government levies if any .
• Free issuance of a
along with 4 supplementary cards.
• Annual Fees are waived for the first year of card operation. This applies to supplementary cards as
well.
• Choice of periodic statements (on monthly, quarterly, half-yearly and annually basis) by post.
• Free dispatch of statement of accounts(on half yearly basis).

Key Features
• Choice of e-Statement.
• Locker facility available.
• Locker facility available.
• Cash withdrawal through large ATM network.
• Can be linked to any remunerative fixed deposit products offered by SMBL.
• Fee Waiver upon maintaining an average monthly balance of Rs.0.050 million or equivalent.
• Non Profit bearing account.No zakat deduction.
Continue…

Value Added Services
• Utility Bill Payment through SMS/ATMs/Internet and/or Contact Centre.
• "SMS alerts on all debit/ credit transactions and closing balances“.
• Mobile Banking facility.
• Free Internet banking facility.
• Free issuance of Pay Order, Demand Draft, Call Deposit Reciept & Rupee Travellers Cheques.
• Free collection and clearing of American Express Travelers Cheques.
• Free Personal Accidental insurance if customer maintains Rs.25,000/- in his/her account.
• Free ATM insurance Current Account holder on maintaining 6 months average balance of Rs.
25,000 or above.
• Mobile Recharge (Air-time purchase) through ATM, Web , Mobile & Contact Center Rs. 5/- per
transaction including F.E.D.
• Free Home remittance payments.
• Free Interactive Voice Response(IVR) Phone banking service if call from any landline number.
• 24/7 Customer Care through our Contact centre @ Toll free number 021-111-124-365
• Withholding Tax (WHT) and Federal Excise Duty (FED) applicable as per country law.

PLS Account
Summit Banks Savings Account is the most convenient way to manage your savings in local and
foreign currencies. Our Savings Account has been designed to provide you with easy access to your
money, as well as a higher rate of profit.
Requirement
• No initial deposit required
• No minimum balance maintenance requirement
• Opened with 1,000 foreign currency (USD, EURO, GBP & Japanese Yen equivalent to 1000 $
Features
• As per Rate Sheet .
• Profit calculation on monthly average balance and its disbursement is biannually.
• Free real time online banking i.e. cash deposit and withdrawal, funds transfer, Call Deposit
Reciept (CDR), Pay order (PO), Rupee Traveller Cheques (RTC) facilities through country wide
network of branches .
Continue…

• Unlimited free of cost transaction facility over the counter & on Summit Bank Cash withdrwal on
1 Link,& M-net ATM (Charges as per SOC) hyperlink for SOC.
• Choice of periodic statements (on monthly, quarterly, half-yearly and annually basis) by post.
• Free dispatch of statement of accounts(on half yearly basis).
• Cheque book issuance Rs 7/-per leaf plus government levies if any
• Free issuance of a UNION PAY debit card along with 4 supplementary cards.
• Annual Fees are waived for the first year of card operation. This applies to supplementary cards as
well.
• Zakat applied unless exempted.
• Choice of e-Statement Locker facility available.
• Cash withdrawal through large ATM network.
• Fee Waiver upon maintaining average balance of Rs.0.500.
Continue…

Value Added Services
• "SMS alerts on all debit/ credit transactions and closing balances“.
• Free Personal Accidental insurance if customer maintains Rs.50,000/- in his/her account.
• Free ATM insurance Current Account holder on maintaining 6 months average balance of Rs.
50,000 or above.

• Mobile Recharge(Air-time purchase) through ATM, Web , Mobile & Contact Center Rs. 5/- per
transaction including F.E.D .
• Free Interactive Voice Response(IVR) Phone banking service if call from any landline number.

o Free issuance of a UNION PAY debit card along with 4 supplementary cards.
o Annual Fees are waived for the first year of card operation. This applies to supplementary cards as
well.
o Choice of periodic statements (on monthly, quarterly, half-yearly and annually basis) by post Free
dispatch of statement of accounts on half yearly basis.
o Choice of e-Statement Locker facility available.
o Cash withdrawal through large ATM network.
o Zakat applied unless exempted.
 Value Added Services
o Utility Bill Payment through SMS/ATMs/Internet and/or Contact Centre.
o SMS alerts on all transactions and updated end of day balances.
Continue…

Term Deposit
Summit Bank Limited offers time deposit receipt TDR a non-checking account in local currency as
well as foreign currencies with the intention of retaining their deposits for a fixed period for earning
a higher rate of profit.
 Requirements
• Opened with: PKR.50,000/-
• Requires a main saving or current account where funds can be transferred into the Term
Deposit(TDR) account.
• Opened in USD, EURO, GBP & Japanese Yen with $1,500/- equivalent.
Continue…

Daily Product Account
Summit Bank Limited introduced a unique account where your money begins earning interest as soon
as you make a deposit.
 Requirement
• Opened with: Rs.25,000/- only
 Features
 As per Rate Sheet.
 This account could only be opened in local currency i.e. PKR Profit is calculated on daily closing
balance Profit Disbursed on Monthly basis.
 Free real time online banking i.e. cash deposit and withdrawal, funds transfer, Call Deposit
network of branches.
 Fee Waiver upon maintaining an average balance of Rs.2.5 million or equivalent in Daily Product
Accounts.
Continue…

o Free Internet banking facility.
o Free issuance of Pay Order, Demand Draft, Call Deposit Reciept & Rupee Travellers Cheques.
o Demand draft facility.
o Free Personal Accidental insurance if customer maintains Rs.50,000/- in his/her account.
o Free ATM insurance Current Account holder on maintaining 6 months average balance of Rs.
50,000 or above.
o Mobile Recharge (Air-time purchase) through ATM, Web , Mobile & Contact Center Rs. 5/- per
o Free Home remittance payments Free IVR Phone banking service if call from any landline number.
o Withholding Tax (WHT) and Federal Excise Duty (FED) applicable as per country law.

 Features
• As per Rate Sheet
• Tenor: 7 days to 5 years Profit Calculator
• Profit rate depends upon TDR amount, currency, tenure of TDR and frequency of profit payment
• Linked account facility / pre-mature withdrawal facility/auto renewal facility
• Profit Disbursement: monthly, quarterly, half-yearly ,annually or on maturity
• Up to 90% financing facility available to deposit holder on running finance basis
• Applicable to the following:
• Individuals (single or joint)
• Charitable institutions
• Pension funds
• Provident fund & other funds of benevolent nature
• Local bodies
• Autonomous corporations
• Limited companies
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 Terms & Conditions
• No penalty will be chared upon pre-mature withdrawl.
• Pre-mature withdrawal of deposit shall ONLY be allowed subject to receipt of written
instructions from the customer to break the TDR.
• If a deposit placed for any frequency of profit are requested to be withdrawn pre-
maturely before completion even 7 days term, then no profit shall be paid, only principal
shall be credited to the customer account.
• If a deposit for any term is withdrawn pre-maturely after 7 days but before 30 days,
profit would be paid at the rack rate of 7 days notice deposit.
• For TDRs in Foreign Currency the rack rate would be applied on pre-mature encashment.

 Terms & Conditions
• Pre-mature withdrawal of deposit shall ONLY be allowed subject to receipt of written instructions
from the customer to break the TDR.
• Profit for the last completed period shall be effective as explained below:
• If a deposit has been placed for 1 year and is pre-matured after 2 months, 1 month profit rate
shall be applied to pay the customer for 2 months.
• Similarly, if a 1 year deposit has completed 4 months, 3 months profit rate shall be applied to
pay the customer for 4 months.
• Withholding Tax (WHT) applicable as per country law.
• Federal Excise Duty (FED) applicable as per country law.

Mahana Amdan Account
SMBL offers Mahana Amdan (Monthly Profit) a non-checking account in local currency with
excellent features and attractive profit rates.
 Requirements
• Original Computerized National Identity Card(CNIC) of Customer.
• Opened with: PKR.50,000/-
• Requires a main saving or current account where funds and profit can be transferred into and
from the Mahana Amdan account.
 Features
• Profit Rate: As per Rate Sheet.
• Tenor: 3 months to 3 years Profit Calculator.
• Linked account facility / Withdrawal pre-mature liquidation facility.
• Profit paid out on monthly basis therefore regular income.
• Up to 90% financing facility available to deposit holder on running finance basis.
Continue..

Hamara Family Savings Account
Summit Bank has come up with Hamara Family Savings Account - a unique savings account offering
superior returns and a host of free services.
 Requirements
• Original Computerized National Identity Card(CNIC) of Customer.
• Minimum amount of deposit: Rs. 5000/-
• Account Member Allowed: Minimum 2 and Maximum 5 members of a family.
• Below 18 years.
 Features
• Profit rate : 5.50% p.a.
Continue…

o Profit Payment: Monthly basis.
o Profit Calculation: Based on monthly average balance.
o Hamara Family Saving Account profit paid on monthly basis not semi-annually.
o Bonus Feature: Additional 1% profit.
o As per current Rate Sheet, bonus calculation is made upon maintenance of average balance of Rs.
100,000/-.
o Cheque book is issued.
o All facilities accompanying the product can be availed by all family members. Locker facility
available.
o Free issuance of a UNION PAY debit card along with 4 supplementary cards.
o Annual Fees are waived for the first year of card operation.This applies to supplementary cards as
well.
o Fee Waiver upon maintaining average balance of Rs.0.500 million or equivalent.
o Zakat applied unless exempted
Continue…

o Utility Bill Payment through SMS/ATMs/Internet and/or Contact Centre.
o "SMS alerts on all debit/ credit transactions and closing balances“.
o Mobile Banking facility.
o Inter Bank Funds Transfer facility.
o Free Internet banking facility Free issuance of Pay Order, Demand Draft, Call Deposit Reciept &
Rupee Travellers Cheques.
o Choice of periodic statements (on monthly, quarterly, half-yearly and annually basis) by post.
o Free dispatch of statement of accounts on half yearly basis.
o Free Personal Accidental insurance if customer maintains Rs.50,000/- in his/her account.
o Free ATM insurance Current Account holder on maintaining 6 months average balance of Rs.
50,000 or above.

o Mobile Recharge (Air-time purchase) through ATM, Web , Mobile & Contact Center Rs. 5/- per
o Free Home remittance payments.
o Free IVR Phone banking service if only call from any landline number.
o Federal Excise Duty (FED) applicable as per country law.
o Withholding Tax (WHT) applicable as per country law.

 Summit Advantage Account
Summit Advantage Account is a unique combination of exceptional returns on your investment coupled with a facility to avail up to 70% financing; and that's not all, it
comes with an added advantage of no additional mark up!
 Requirements
• Minimum Deposit: Rs.100,000/-
• Maximum Deposit: Rs.10,000,000/-
 Features
• Tenor : 1 year
• As per current Rate Sheet: Markup Rate upon financed amount is 6.00% p.a.
• Profit disbursement : Monthly basis.
• Financing facility upto 70% of deposited amount.
• Mark-Up Charged: Daily Basis on utilized amount.
• While premature after six months, rack rates of 4.00% will be applied.
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• SMS alerts on all debit, credit transactions and closing balances.
• Free Pay Order, Demand Draft, Call Deposit Receipts and Rupee Traveller Cheques .
transaction including F.E.D (F.E.D will be borne by the Bank)
• Free IVR Phone banking service if only call from any landline number.
• Federal Excise Duty (FED) applicable as per country law.
• Withholding Tax (WHT) applicable as per country law.

o Health Wellness Card will be issued to customers from the age of 18 years up to 70 years.
o Minimum Monthly Balance Requirement: PKR 50,000/-, 100,000/-, 250,000/- per person /
account holder in accordance with the insurance plan.
o In case of joint account, minimum monthly average balance of Rs. 50,000/-, 100,000/-, 250,000/-
per person in accordance with the insurance plan is to be maintained.
o Multiple Insurance Plan types in an account are not allowed. For example , Account holder can
not opt the A + B , A+C , A+B+C , B+C and C+A in an account. There should only be A+A , A+A+A ,
B+B , B+B+B , C+C, C+C+C.

Classic Current Account
Summit Classic Current Account is exclusively designed to meet the diverse financial needs of
customers, this classic account offers the benefits that are beyond customer's imagination.It comes
with unique features such as "Health Insurance - Wellness Card" that will provide relaxation to our
customers for medical treatments.
Eligibility
o Individuals (Single / Joint)/Sole Proprietorship Firms. However, Health Wellness card will be issued
under the name of individual.
o Not allowed for Minors, Partnership firms, PVT & LTD companies, NGO, NPO, Trust , Association ,
Govt Accounts etc. Simply other than individuals.
o Initial Deposit Amount would be Rs. 5000/-. However, clients are required to maintain required
average monthly deposit.

Medical Benefit
The plan provides a cashless facility at all in network hospitals covering the following in-patient
hospitalization expenses including:
HOSPITAL ACCOMMODATION
PRESCRIBED MEDICINES USED DURING HOSPITAL STAY
SURGICAL FEES, INCLUDING ANESTHESIA FEES
PHYSICIAN, SURGEON & ANESTHETIST FEES & OT CHARGES
DIAGNOSTIC INVESTIGATIONS
OPERATING THEATRE CHARGES
BLOOD & OXYGEN SUPPLIES
VENTILATORS AND ALLIED SERVICES
ORGAN TRANSPLANTATION (ONLY SURGERY)
EMERGENCY ROOM TREATMENT FOR ACCIDENTAL INJURIES
PSYCHIATRIC TREATMENT
DAY-CARE TREATMENTS
OUT-PATIENT SURGERY
CHEMOTHERAPY, RADIOTHERAPY & DIALYSIS
HEPATTIS B & C - NEW ONSET CHRONIC RENAL FAILURE
KIDNEY DIALYSIS / CHEMOTHERAPY & RADIOTHERAPY
FOR CANCER TREATMENT
LOCAL ROAD AMBULANCE
CT, MRI & THALLIUM SCANS (IP & OP TREATMENTS)
WORK RELATED INJURIES

Insurance
Plan Type
Monthly
Average
Deposit
Required
Insurance
Coverage
Insurance Charges P.A
Plan A
PKR
250,000/-
Per Person
Upto
250,000/-
PKR 2,000/- Per Person
Plan B
PKR
100,000/-
Per Person
Upto
100,000/-
PKR 1,500/- Per Person
Plan C
PKR
50,000/-
Per Person
Upto 50,000/- PKR 1,000/- Per Person

 Features
• Classic current account can only be opened in local currency.
• Unlimited free of cost transaction facility over the counter, on Summit Bank ATMs but it will charge on 1-Link ATMs.
• Non Profit bearing account / No zakat deduction.
• It can be linked with any other remunerative account, Term deposit products offered by Summit Bank.
• Wellness Card covering maximum limit of PKR. 50,000/-, PKR 100,000/- and PKR 250,000/- per person respectively in
accordance with the terms of insurer.
• Free issuance of a UNION PAY debit card along with 4 supplementary cards.
• Annual Fees are waived for the first year of card operation. This applies to supplementary cards as well .
• Special retirement or Investment Insurance Plan at only PKR 2,000/- per month (banc assurance).
• Waiver of health insurance charges will be given on maintaining of monthly average balance of PKR 50,000/- which will be
evaluated on yearly basis from the date of account opening.
• Wellness Card charges will be applied in case of non maintenance of required minimum monthly balances. (The underlined
words should be hyperlinked with SOC's relevant portion).
• Wellness Card facility will be discontinued on the closure of the account regardless of the card expiry date.

 Benefits
• Free issuance of Health Wellness Card.
• Emergency Care, surgery and hospital coverage*
• No claim forms to fill out (conditions applied)*
• Prescription drug coverage*
• On line tools and support to customers*
• Cash less claim facility available at all in-network hospitals.*
• Pre-Existing Conditions has been covered. (Previous illness also covered)
• Outside network hospitals Reimbursement has been allowed. (with 60:40 co-payment)
Note: * In accordance with Insurer policy.

 Services
• Free Utility Bills payments via ATMs , SMS, Web Banking, Contact Center, SBL Branches.
• Free Home Remittance Payments.
• Unlimited free of cost transaction facility over the counter, on Summit Bank ATMs but it will
charge on 1-Link ATMs and Mobile Banking

Services
• Free Dispatch of Statement of Account.(on half yearly basis).
• Free eStatement of Accounts.
transaction including F.E.D
• Free IVR Phone banking service if call from any landline number.

• Out ward Clearing Cheques Return Unpaid Charges = Free
• Account Closing Charges - Free
• Locker Insurance Charges - Free up to the prescribed limits of each locker size.
• Free Visa Debit Expired Card Replacement
• Free Fund Transfer with in Summit Bank via ATM, Web, and Branch Network.
• Free ATM withdrawal and Balance inquiry transactions on Summit Bank's ATM
• Renewal Fee of Debit Card (Primary and Secondary)
• Mobile Banking Charges
• Personal Accidental Insurance Charges.
• ATM Cash Withdrawal Insurance.
• Vaue added benefits for upon maintaining an average monthly balance of PKR 50,000 (to be
added "fee waiver" to be linked with SOC waiver portion)

• As a part of initial promotion 200 balance points (eqv to Rs. 100) will be awarded to every
YoungBee Debit Card for a period of initial 6 months.
• Issuance of customized chequebook.
• Free real time online banking i.e. cash deposit and withdrawal, funds transfer,facilities through
country wide network of branches.
• No fees shall be charged on not maintaining the balance up to any specific limit.
• Zakat applied unless exepmted.
• LEGO product and avail amazing discount using summit Young Bee Debit Card;
10% discount on purchase up to Rs 50,000/-
15% discount on purchase between to Rs 50,000 and
 Services
• Unlimited free of cost transaction facility over the counter & on Summit Bank Cash withdrwal on
1 Link,& M-net ATM (Charges as per SOC) hyperlink for SOC.
• Free Utility Bill Payment through SMS/ATMs/Internet and/or Contact Centre.
Continue…

Young Bee Account
 Requirements
• Children under 18 can open this account.
• Original CNIC of Parent's/Guardian, Proof of income and Account holder's Birth Certificate/B.form
• Can be opened only in PKR
 Features
• Profit Rate: 5.50%.
• Profit calculation on monthly average balance and its disbursement is biannually.
• Free issuance of YoungBee VISA Debit Card which is a co-branded card by Summit Bank &
Mcdonalds .
• That Co-branded VISA Card offers point accumulation features that cane be redeemed at any
outlet of Mcdonalds .
• YoungBee Visa Card is accepted anywhere in the world (Terms & Condition apply) More you shop
More You Earn Points.

• Unlimited free of cost transaction facility over the counter, on Summit Bank ATMs & WEB but it
will charge on 1-Link ATMs Free dispatch of statement of accounts(on half yearly basis) Free
eStatement of Accounts. Out ward Clearing Cheques Return Unpaid Charges = Free(new poins to
be added)
• Free Issuance of Pay orders.
• Free Issuance of Call Deposit.
• Free Home Remittance.
• Free Internet Banking.
• Outward Clearing Cheques Return No Charges.
• Fee wavier for maintaining average monthly balance of 500,000.

Channel Service Limit (per day)
in Rs.
Max Single
Tranx Limit
ATM Young Bee Cash Withdrawl 5,000/- 5,000/-
POS 5,000/- 5,000/-
Mobile
Recharge (e
Topup)
5,000/- 5,000/-
 Account Opening Form Will Be Signed By
o Young Bee accounts are opened in the name of Minors on the
request of his/her guardian.
o The guardian should sign the Account Opening Form Himself & give
his own specimen signatures for the operation of account.
o The title of account Remains in the Name of Both the minor & the
guardian.
EXAMPLE:
AHMED ALI (minor) MUHAMMAD ALI (guardian)

Operating Instructions:
o Operating Instruction is: “Singly” (Operated By Guardian)
Type Of Account:
o It is a specially signed Savings Account for Kids and can only be opened in Local Currency.
Profit Payments & Calculations:
o Young Bee offers a 6% (expected rate of return) p.a profit to the youngsters upon Average
monthly Balance and Pay the same on Six Monthly Basis i.e. June & December
Zakat and Government Taxes:
o Zakat and all Government Taxes are applicable.
o Certificates can be Submitted for Exemption if required.
Certificates can be Submitted for Exemption if required.
Maintenance Charges:
o Account Holders shall not be charged any “fee” on not maintaining the balance up to any Specific
Limit.

Customized Cheque Book:
o A Customized Cheque book will be issued to “Young Bee” account Holders.
o Whereas only “Parents / a Guardian” will be authorized to sign the Cheques.
 Co-Branded VISA Debit Card:
o Bank Shall issue a co-branded “VISA Debit Card” under the name of both the minor as well as the
Guardian.
o Customer will have an opportunity to use the card at any McDonald’s restaurant and will be
allowed shopping to earn loyalty points.
Features of VISA Debit Card:
o Free issuance of co-branded Visa Debit Card.
o Young Bee Visa Card is Globally Accepted.
o Besides its unique design, it has a “Meal Point” collection Feature.

Welcome Pack:
o A special “Welcome Pack” will be presented to Young Bee Account holders, that will include the
following items:
Giveaways especially for “Young Bee”(Color Pencil Box, Scale, Eraser, Sharpener, Piano Ball
Point and Pencil).
Young Bee VISA Debit Card.
A Customized Cheque Book.
How McDonalds will support this venture:
o Special Menu Deals for Summit Kids Account holders.
o Placement of campaign In-Store Standees at Nationwide Stores.
o Promoting the Campaign via McDonald's Website.

Meal Points:
o Points earned towards prizes for shopping through debit card, if the card is used for shopping
anywhere, it will earn points, that can be redeemed at any McDonald outlet in Pakistan.
o More Shopping More Points. 
Free Advance Point Collections:
o As a Part of its initial Promotion 200 Balance Points ( equivalent to Rs. 100) will be Awarded to
Every Young Bee Debit Card, for an initial period of six months i.e. from 21st MAY 2013.

Assets/Finance Products
Consumer Finance
We provide services for deposits, consumer loans, credit cards, insurance and asset
management through its customer-focused and competitive approach while
closely following technological developments. With a clearly defined market
segment and a solid strategic intent supported by a modern and reliable
infrastructure, Summit Bank is set to scale new heights in Consumer Banking
services.

Home Loans
A premium financing product for customers aged between 23-
65 belonging to the upper, upper-middle and middle income
groups, residing in urban areas of Pakistan.
Types Of Home Loans
•Buy-a-Home: (Up to 70% Loan to Value)
•Build-a-Home: (Up to 70% Loan to Value)
•Home Renovation: (Up to 70% Loan to Value)
•Purchase of Land & Construction: (Up to 70% Loan to Value)
•Home-Debt Consolidation (BTF): (Up to 50% Loan to Value)

Eligibility Features
•Financing Limit: Rs.300,000/- to Rs.50,000,000/-
•Tenure: 3 years to 20 years
•Mark up: Preferred Rate
•Mark up Type: Variable (to be re-set on Six Monthly Basis)
•Balloon Payment: Half Yearly Payment (max 50K or 5% of original finance
amount)
•Early Settlement Facility: 5 % of Out Standing Principal with in 1 year. No
penalty will be charged after 1 year if customer pays from own resources. In
Case of BTF, 10% of Outstanding Principal Amount will be charged.
•Property and Life Insurance: Mandatory from SMBL authorized insurance
companies
•Processing Fee: 0.05 % of Loan Amount or Rs. 5000/- (which ever is higher)
Non- Refundable.
•Cheque Return Charges : Rs. 500/- Per Return Cheque
•Late Payment Charges: 4% of Due Installment(s) or Rs. 1000/- (which ever
is higher)
Criteria
Salaried: Age Limit 23 - 60 yrs
Self Employed Professional: Age Limit 23 - 65 years
Self Employed Businessman: Age Limit 23 - 65 years

Documentation
•Two recent passport sized photographs
•Salary Slips
•Bank statement
•Copy of last contract signed with salary (for contractual)
•Copy of Professional Degree/Certificate (for self employed
professional)
•Copy of NTN Certificate/2 Year Tax Return (for self employed
professional)
•National Tax Number(NTN) Certificate (for self employed Businessman)
•Proprietorship/Partnership Deed (for self employed Businessman)
•Latest Form-29 (for self employed Businessman)
•Latest Form-A (for self employed Businessman)
•Company Profile (for self employed Businessman)
•Form-C (Acknowledgement of Registration of Firm) (for self employed
Businessman)
•Last three years Tax Returns (for self employed Businessman)
SMBL Auto Loan

Eligibility Criteria
Age Requirement
•Salaried:
•Minimum Age 21yrs
•Maximum Age 60yrs at maturity
•SEP/SEB:
•Minimum Age 23yrs
•Maximum Age 65yrs at maturity
Minimum Monthly Income
•Salaried AH- A (Permanent): Rs.30,000/- (Net)
•Salaried AH- A (Contractual): Rs.40,000/- (Net)
•Salaried AH- B (Permanent): Rs.35,000/- (Net)
•Salaried AH- B (Contractual): Rs.45,000/- (Net)
•Salaried AH- C (Permanent): Rs.50,000/- (Net)
•NAC (Permanent): Rs.60,000/- (Net)
•SEP Minimum Net Monthly Income: Rs.50,000/-
•SEB Minimum Net Monthly Income: Rs.50,000/-

Employment Tenure
•SEB: Min 2 Yrs
•SEP: Min 1 Yr
•Salaried AH- A (Permanent): Not required
•Salaried AH- A (Contractual): 3 Months required
•Salaried AH- B (Permanent): Not required
•Salaried AH- B (Contractual): 6 Months required
•Salaried AH- C (Permanent): 6 Months required
•NAC (Permanent): 1 Year required
*Applicant must not be on probation. Applies to both
permanent and contractual staff.

Features
•Loan Amount: Upto PKR 2,500,000 /-
•Loan Tenure:
•Minimum: 1 Year
•Maximum: 5 Years
•Vehicle Type: Brand New / Unregistered Imported Vehicle
•Down Payment(Equity): Minimum 30% of Vehicle Cost
•Mark up: Preferred Rate
•Mark up Type: Variable (to be re-set on Six Monthly Basis)
•Debt Burden: upto 50%
•Pre Payment Penalty: 5% for the 1st year, After 1st year 3%

Fees/Charges
•Processing Fees: PKR 5,000/-(New/Used Cars) per case upfront
(Non- refundable)
•Late payment Charges: Rs. 500 or 10% of outstanding installment
amount( whichever is higher )
•Cheque Return Charges: PKR 1,000
•Vehicle Insurance will be mandatory from Bank's authorized
insurance company
•Early Settlement Charges: Within 01 Year 5 % of Outstanding
Principal Amount After 01 year 3 % of Outstanding Principal Amount
•Vehicle Registration Charges: At Actual
*Income Estimation & Legal Documentation Charges will be borne
by Customer at actual

Personal loan
Personal loans facility primarily enable customers to bridge their financial
shortfalls for the purpose of obtaining consumer durable items, going on
vacations, arranging children's weddings, renovating home, paying for
children's education, consolidating high price debts and other general
expenses.
•Pakistani Resident
•Age between 21yrs to 65yrs
•Holder of CNIC
•Minimum net Income PKR 15,000/-
•Currently offered to Salaried Individual only
•Salaried: Age Limit 21 - 60 yrs
•Self Employed Professional: Age Limit 25 - 65 years
•Self Employed Businessman: Age Limit 25- 65 years

Features
•Financing Limit: Rs.25,000/- to Rs.2,000,000/-
•Tenure: 1 year to 5 years
•Mark Up : Fixed
•Mode of Repayment : PDCs / At Source Deduction / Salary Account
•Repayment Facility : Monthly
•Processing Fee : 1% of Loan Amount or Rs 2000 (Which ever is higher)
Non- Refundable
•Late Payment Charges : 10% of due Installment or Rs 500 (Which ever is
higher)
•Cheque Return Charges : Rs. 500/- Per Return Cheque
•Premature Payment Facility : Available at Zero cost
•Loan Enhancement/Top Up Facility: Rs. 1,000/-
•Life Insurance: As Per Actual (Where Applicable)
•Early Settlement Charges: Within 01 Year 5 % of Outstanding Principal
Amount After 01 year 3 % of Outstanding Principal Amount

Documentation
•Two recent passport sized photographs
•Copy of CNIC
•Current month salary slip or latest salary certificate
•Employment Certificate
•Annexure CF-1
•Last 12 months Bank statement

Auto Shield
Features
•Comprehensive Auto Insurance
•Affordable Monthly premium installments
(Month Calculated on calendar days)
•Affordable rates
•Interest Free 0%
•Brand New Car Insurance
•Used cars up to 10 year old can be insured
•Option to have vehicle repaired from workshop of your
choice
•Tracker Facility available but optional

Benefits
•Auto Sure Plan - Auto Insurance with Tracker
•Accidental External means
•Riots, Strikes & Malicious Damages
•Theft
•Fire, External explosion, self-ignition or lightning or frost
•15 Days Grace Period
•Third Party Liability
•Value Added Features:
•Free towing to the nearest workshop
•Get your car repaired from the workshop of your own choice
•UIC claims experts will help in getting the final Police Investigation
Report
•Free death repatriation of the driver within Pakistan
•Funeral expenses & arrangements for the said person will be borne
by UIC
•We commit to settle all theft and total loss claims within 30 days
after reporting / submission of requisite documents
Charges
•Insurance Charges with tracker 3.9%
•Insurance charges without tracker 2.9%

Unit 1.2 SMBL Products and Services (Conventional)

Unit 1.2 SMBL Products and Services (Conventional)

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Unit 1.2 SMBL Products and Services (Conventional)