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What is the opening and minimum balance requirement in NAA?
Account can be opened with Rs.100/ and there isNo minimum balance requirement.
Does NUST Bank offer Any account for Non-Resident Pakistanis (NRPs)?
Yes Roshan Digital Account. Specially Designed for Individual Non-Resident Pakistanis (NRPs) seeking to undertake banking, payment and investment activities in Pakistan.
What are the service/documentation/legal charges in NUST Rice Finance?
At actual
Is NUST Bank offering any financing against liquid security?
NUST Fauri Business Finance” has been introduced to provide a swift package to meet financial business needs of new to bank obligor. AFBF is offered to meet short, medium and long-term requirements of business. The finance will be provided to SMEs & Commercial for all the eligible sectors as per NUST credit policy manual.
Can I track my remittance status online?
Yes, you can view the status of your remittance online through NUST Remittance Tracker by following link https://NUSTbank.com/services/alternate-delivery-channels/home-remittance-tracking/
In which currency will I receive my remittance?
All home remittance payments are disbursed in Pak Rupees.
Is there any condition related to bank account maintenance for availing NUST Imarat Finance?
Minimum 01 year bank account statement with NUST Or Minimum 02 years bank statement with any other bank
6. What would be the financing tenure?
Loan tenure is Minimum 3 years and maximum 25 years
What are the processing charges for NUST Sahar Finance Application?
Up to Rs. 0.70 Rs: 2000/- (Non refundable) Above Rs. 0.70 and upto Rs. 5 Million Rs: 3000/- (Non refundable)
Is there any limit on the amount received though NUST Home Remittance?
Below are the applicable limits: • NUST Accounts - No Limit • Other banks accounts - No Limit • Cash Over the Counter (CoC) Transactions - Up to PKR 1,000,000/- per transaction and there is no limit of Western Union COC transactions
In which area of the country one can avail Personal Finance form NUST?
Personal Finance can be availed from all cities where NUST branches exists.
Is there any penalty charges related to Premature termination/balloon payment penalties?
Mode of Pre-Mature termination General Category Armed Forces Category i. In case entire outstanding loan is adjusted within 03 years of first disbursement At 3% of the total outstanding loan amount At 2% of the total outstanding loan amount ii. In case entire outstanding loan is adjusted after 03 years At 2% of the total outstanding loan amount At 1% of the total outstanding loan amount iii. Balloon Payment Balloon Payment upto 20% of loan outstanding amount is allowed once in each year without penalty. Adjustment of over and above 20% will be charged @ 2% of balloon payment Amount Balloon payment upto 30% of loan outstanding amount is allowed once in each year without penalty. Adjustment of over and above 30% will be charged @1% of balloon payment amount *Premature termination penalty will not be applicable in case of renovation
who can apply for NUST Ujala Finance?
1. SE/ME Financing 2. Vendor’s / Suppliers’ Financing 3. NUST Employees’ Financing 4. Domestic Applicant Financing (exclusively for employees of corporate / government sector)
What are the main features of JLI Bancassurnace Policy?
- Short term Family Protection and in Long term Savings - Minimum Policy Amount = 18,000 No Maximum Limit of policy - Minimum Policy Term = 10 Years - Additional benefits also available on cost (Riders and additional term insurance) - Jubilee Life offer diffent plans to customer as per needs and demands of customers
How many Jubilee Life Insurance Plans available? Plan Type Premium
o Jubilee Life Savings and Protection Plan Life time Protection and Saving Plan 18K o Jubilee Life Education Plan Limited Time Plan (Countinuation Benefits) 18K o Jubilee Life Marriage Plan Limited Time Plan (Countinuation Benefits) 18K oJubilee Life Retirement Plan Saving & Protection 18K What are the main features of these Jubilee Life Insurance Plans - 14 Days Free Look Period start from the day customer received Policy Documents. #REF! - Unit Link growth system (JLI allocate Mutual fund units to customer, policy growth depends on the unit rate groth just like share Market) - NUST bank is only act as a Corporate Sales Agent, It’s a Insurance plan not to be considered as any Account of Term depoist which have annual Fixed Returns. - In case of early termination, only Cash Value of policy will be payable to customer (current market rate of Mutual funds units will be reimbursed) - Cancellation of policy and full refund option is available if policy documents returned during Free Lookup Period i.e. 14 days of receipt of documents - Cash Values of policy may be differ from the tentaive returns provided on illustration document (illustration document is only for information) Other Important Information about Jubilee Life Insurance Plans - Only Education and Marriage Plans are Limited time plan with Countinuation Benefits (in case of death payment will be made upon maturity) - In case of death Cash Value or Sum Assured whichiver is higher will be paid - Annaul / Half Yearly / Quarterly - Policy Premium Payment Mode Available as per customer conveience - Policy Growth depends on Accociated Mutual Fund units market rate growth (Multiple funds choices available from JLI) - Death Claims will be handled by Jubilee Life subject of completion of required documents and eligible if policy status is Active Inforced/Reinstated only For All Jubilee Life Banca Products Brochures available
What is the nature of finance in NUST Sahar Finance?
i. Long Term Finance ii. Short Term Finance/Working Capital
What are the free benefits of NUST Asaan Digital Account ?
Free Issuance of First Cheque book (25 Leaves)* Free First Issuance of PayPak Debit Card * Free First Cheque Book & Debit Card Delivery* Free SMS alerts facility (Digital Transactions) Free E-statement & I-Net Banking Free Inter Branch Online Cash Deposit/Withdrawal (Online) Free Internal Fund Transfer within NUST via branch (Online Transfer) Free Banker’s Cheque Issuance
How many EFU Insurance Plans available? Plan Type Premium
o EFU Savings and Protection Plan Life time Protection and Saving Plan 18K o EFU Education and Marriage Plan Limited Time Plan (Countinuation Benefits) 18K oEFU Retirement Plan Saving & Protection 18K o EFU - Single Premium Plan Single Premium Investment Plan 100K o EFU Aggressive Growth Plan High Allocation Investment & Savings Plan 250K
Is there any minimum age to avail financing in NUST Imarat Finance?
New Business Minimum 30 years at the time of application, however age not to exceed 60 years at maturity of loan. Existing Business Minimum 30 years at the time of application however age not to exceed 65 years at maturity of loan.
What is the minimum balance requirement of NUST Special Deposit Account? NUST Special Deposit Account (ASDA)
No Minimum Monthly Average Balance Requirement Profit Payment Profit Rate No Minimum Opening Balance Requirement Monthly/Semi-Annually 0.19
8. Can I avail more than one House loan?
Yes. One can avail two Mortgage Loans at a time from NUST Bank within Debt Burden Ratio (DBR) as per prevailing SBP PRs for Housing Finance.
Please tell me about minimum Monthly balance required ?
No initial deposit requirement Rs. 25,000/-* (Monthly Average Balance)
What is the Eligibility Criteria for NAA?
Resident Pakistani individuals who do not maintain/have any other account (single or joint) in NUST Bank Limited are eligible to open the NAA in Pak rupees as a single/joint account.
How can I obtain a Proceed Realization Certificate (PRC)/Encashment Certificate against remittance(s) received?
Please find below contact details for obtaining a PRC and e-PRC: • e-PRC option is also available at the NUST website https://secureportal.NUSTbank.com/eprc/customer to obtain a system generated PRC on your registered email address. • Proceeds Realization Certificate (PRC) is issued from NUST Centralized Remittance Department. You may contact them at the following email addresses: [email protected]
What are the free facilities ?
Free First Issuance of Debit Card- Annual charges as per prevailing SOC Free I-Net banking Free E-statements
What is the account type of NUST Sahar Account?
NUST Sahar Deposit suite consists of following variants: 1- NUST Sahar Current Account 2-NUST Sahar Savings Account 3-NUST Sahar Term Deposits 4-NUST Sahar Asaan Current Account
What are the service/documentation/legal charges in NUST Imarat Finance?
At actual
What are the minimum & maximum financing tenures?
Minimum 01 year Maximum 04 years (up to 7 years for Education Loan) or as per prevailing SBP PRs.
What types of Inward Home Remittance products does NUST Bank offer ?
NUST offers the following Home Remittance Products to cater to the needs of various home remittance beneficiaries in Pakistan: • Cash Over the Counter (CoC) payments for walk-in customers • NUST Account Transfer • Other Bank Account Transfer via Inter Bank Funds Transfer (IBFT) & Real Time Gross Settlement (RTGS)
10. What is the minimum monthly income criterion?
Salaried:Permanent Rs. 50,000/-, Contractual Rs. 60,000/-, Govt. Employee Contractual 75,000/- Armed Forces:25,000/-
Is NUST Bank offering any financing product related to renewable/alternate energy solutions?
NUST Bank has structured a new financing product under the name of “NUST Ujala Finance (NUST Ujala Finance)” in light of SBP’s refinance scheme, under the ambit of SME. The Product Program has been developed to provide financing for installation of solar energy equipment as an alternate source of energy.
I would like to open an account with my son, do u have any product for kids? Main
Yes our product is Little Champs Account. It is designed specifically for minors (individuals below the age of 18 years). A child requires the help of a parental/legal guardian to open this account and avail its facilities. Little Champs get a Debit Card and chequebook which is free the first time What are the main Features of the Little Champs Account. Minimum initial deposit of Rs.100/- Little Champs Savings A/C Free first chequebook* Profit Payment Profit Rate Free debit card* (annual/replacement fees apply). This debit card has the following limits Semi-Annually 0.19 Daily funds Transfer Limit: Rs.100,000/- Daily ATM Withdrawal Limit: Rs.25,000/- Daily POS Limit: Rs.50,000/- * For Current Account only
Is NUST Bank offering any financing specifically for the ownership & capacity enhancement of business premises?
NUST Bank has structured a new financing product “NUST Imarat Finance” under the ambit of SME segment. The Product Program has been developed in order to stabilize SME business through making their ownership of business premises (under mortgage finance of urban commercial / industrial buildings) for capacity enhancement of SMEs.The product has been structured for SMEs owned by general public as well as retired armed forces officers and families of serving officers.
5. What is the minimum and maximum financing amount?
The minimum financing amount is Rs. 500,000/. The maximum financing limit will be up to Rs.100,000,000/- subject to 50% Debt Burden Ratio(DBR) as per SBP PRs for Housing Finance.