Am I eligible for Summit Bank Personal Finance product?
The eligibility criteria are as under:

• Must be a Pakistani resident

• Holder of CNIC

How much time will it take to process my loan application?
One week (approx.) from submission of complete required documents.

Will I have to pay any other charges besides the mark-up on the loan?
There are charges for application processing and income estimation (if required).

Can I ask for loan enhancement during the term of loan ?
Yes – You can apply for loan enhancement by paying a nominal fee. However, Bank reserves the right to accept/reject your request based on internally set criteria.

I live in XYZ area, am I eligible to avail your facility?
Yes – You Can.

What are the insurance requirements of Summit Bank Personal Finance?
Life insurance is mandatory from Summit Bank authorized insurance company.

What will be the mode(s) of repayment for the loan?

• Post Dated Cheques
• Direct Debit Authority

I want to pay-off my Personal Finance facility before its maturity date. What should I do?
Fill out the Early Settlement Form available at Summit Bank. Deposit the balance amount of facility being communicated to you by Summit Bank representative + any other charges.

What is the process of income estimation?
A representative from our approved chartered accountant firm will visit your place of business/work and appraise your income level, by going through the documents provided by you. Income estimation is for our internal evaluation purposes only.