Business Installment Loan is a floating rate product and mark up rate will be linked to KIBOR* (Benchmark); Your applicable mark up rate will be calculated as follow:
KIBOR + X %( spread) =Applicable mark-up rate
Applicable rate will be revised annually (upward or downward), depending upon the movement of benchmark rate.
* “KIBOR” shall mean the Karachi Inter Bank Offered Rate (1 year -Offer side) for the relevant tenor. |
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