Waseela Consumer Finance

Understanding trends in consumer product markets and the financial needs of consumers, WMBL is now introducing consumer banking services through a dedicated division. WMBL aims to enhance its services to its corporate clients with value added products offering to these companies’ employees. Wide range of products includes but not limited to home appliances, smart phones/tablets and motor cycles. With a clearly defined market segments and a solid strategic intent supported by a modern and reliable infrastructure WMBL is ready to reach new heights in consumer banking services.
Key feature of consumer loans are as under
• Loan limit PKR 5,000 to 150,000
• Flexible repayment plan from 6 months to 36 months
• Affordable Equal Monthly Installments with low markup rate
• Quick processing
• Free credit Insurance
Eligibility criteria
• Employees of corporate companies having salary range from PKR 15,000 to 41,666 per month
• Borrower age between 20 to 59 years
• Minimum 1 year of service with current employer
• Hold a valid CNIC
• Clean borrowing history as per E-CIB

Charges
• Markup rate is 12% p.a.
• Processing fee 1.5% of loan amount
• Late payment charges are 5% per installment
• Early payment penalty is 5% of outstanding amount