I am today giving you the information about the Interest Rate for the Advance Salary Loan for the Employees. The Interest rate for NBP as on 11-09-2013 is 19% which is the lowest as compared to all the other banks. These interest rates are variable from time to time. National Bank of Pakistan grants Advance Salary Loan from a period of 01 year to 05 years. You can calculate yourself the amount of interest and all other details of loan with the help of Advance Salary Loan Calculator whose detail I have already given you in my previous posts. I will show you here some calculations on the base of 19% interest rate. Note these are all rough calculations; there may be variation according to the bank policies.
Loan Amount (Rs.) | Loan Period in Years | Monthly Installment(Rs.) | Total Interest (Rs.) |
100,000 | 1 Year | 9215.66 | 10587.89 |
100,000 | 2 Years | 5040.86 | 20980.68 |
100,000 | 3 Years | 3665.60 | 31961.67 |
100,000 | 4 Years | 2990.01 | 43520.57 |
100,000 | 5 Years | 2594.06 | 55643.31 |
Loan Amount (Rs.) | Loan Period in Years | Monthly Installment(Rs.) | Total Interest (Rs.) |
200,000 | 1 Year | 18431.32 | 21175.79 |
200,000 | 2 Years | 10081.72 | 41961.36 |
200,000 | 3 Years | 7331.20 | 63923.34 |
200,000 | 4 Years | 5980.02 | 87041.13 |
200,000 | 5 Years | 5188.11 | 111286.61 |
Loan Amount (Rs.) | Loan Period in Years | Monthly Installment(Rs.) | Total Interest (Rs.) |
300,000 | 1 Year | 27646.97 | 31763.68 |
300,000 | 2 Years | 15122.59 | 62942.04 |
300,000 | 3 Years | 10996.81 | 95885.02 |
300,000 | 4 Years | 8970.04 | 130561.70 |
300,000 | 5 Years | 7782.17 | 166929.92 |