HBL Ready Cash Loan Latest News {2024}
HBL Ready Cash Loan
HBL Ready Cash Loan: It is a comprehensive and practical answer to all your basic and financial demands. Low interest rates and various repayment options are offered to get the loan. No collateral is required. The application process is very easy. HBL Ready Cash Loan is the best choice to get a quick and easy loan. It is the best option for those who are looking for a loan to meet their immediate financial need.
Also Read: Fast Cash Loans In Minutes: So 21 Best Quick Cash Loans In 2024
Salient And Important Features:
- Obtain an HBL Loan of up to PKR 3 million.
- Only the amount used is subject to markup charges on the daily balance.
- Withdrawal using Checkbook or HBL Debit Card
- Give HBL Phone Banking access around the clock.
- The facility’s annual renewal is contingent upon standards being met.
- Simple and free life insurance
- Every twelve months, the upper limit is raised.
- Golden and enticing discount on HBL Debit Card
What Uses Is There for Your HBL Ready Cash?
- Using Visa Debit Cards
- Check Book (applying exclusively through the HBL branch)
- Order of payment
HBL Ready Cash Loan Eligibility Criteria
You can apply for HBL Cash if you meet the following criteria:
For independent contractors, partners, and sole proprietors
The period that a person establishes their business and their affiliation with HBL should not be longer than one year and two years, respectively.
25–62 Years Time Frame:
This age will be applied to the business class; businesspeople do not necessarily need to be between the ages of 25 and 62.
For individuals who receive a salary, they must earn at least PKR 50,000, with their money being paid into HBL. These individuals must be between the ages of 21 and 57.
Charges Details Procedure:
- Rs 5,500 in one-time processing fees, or 1.25% of the credit limit, whichever is greater.
- After the first year, there will be annual fees of Rs 5,000.
- The rate of markup is fixed at 33% per year.
Late Payment Charges:
- There will be a Rs 1,250 late fee.
- Additionally, a maximum charge hike ceiling of Rs 2,500 has been established.
Required and important document:
For interchange persons and class
- A copy of the National Identity Card
- Certificate of Account Reinstatement (if applicable)
- Deeply Registered Partnership (if appropriate)
For salaried class and individuals:
- Photocopy of National Identity Card
FAQs
Q. How can I be eligible to apply for HBL Ready Cash?
Answer: For independent contractors, sole proprietors, partners, etc.
You are eligible to apply for HBL ReadyCash if you fulfill all of the requirements.
The period that a person establishes their business and their affiliation with HBL should not be longer than one year and two years, respectively.
It is required for anyone between the ages of 25 and 62.
For those with salaries
Minimum income of PKR 50,000 in addition to total salary accrued in HBL
obligatory for individuals aged 21 to 57.
Q. How Do We Submit an Application for HBL ReadyCash?
Answer: To apply for HBL ReadyCash, go to the HBL branch that is closest to you or give them a call at 111-111-425.
Q. What option is available to raise the limit?
Answer: Customers of HBL ReadyCash may reapply to have their limit increased after a year or 12 months.
Q. What Is The HBL ReadyCash Interest Rate That Applies?
Starting on December 1, 2023, the interest rate on HBL ReadyCash is 33% annually. Markup is computed based on the daily outstanding amount. Once a month, the markup is fully due by the date shown on the statement.
You can see the most recent Schedule of Bank Charges published on www.hbl.com for additional revisions.
