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Come & Join Us at VUSTUDENTS.net
For Assignment Solution, GDB, Online Quizzes, Helping Study material, Past Solved Papers, Solved MCQs, Current Papers, E-Books & more.
Go to http://www.vustudents.net and click Sing up to register.
VUSTUENTS.NET is a community formed to overcome the disadvantages of distant learning and virtual environment, where pupils don’t have any formal contact with their mentors, This community provides its members with the solution to current as well as the past Assignments, Quizzes, GDBs, and Papers. This community also facilitates its members in resolving the issues regarding subject and university matters, by providing text e-books, notes, and helpful conversations in chat room as well as study groups. Only members are privileged with the right to access all the material, so if you are not a member yet, kindly SIGN UP to get access to the resources of VUSTUDENTS.NET » » Regards » » VUSTUDENTS.NET TEAM. Virtual University of Pakistan
If you wish to make a secured long-term investment, UBL’s Term
Deposit Receipt is the smart choice, just make an investment and see
your deposit grow over time. By investing in UBL TDR’s:
• You get an attractive rate of return.
• Your profit is credited to your account every six
months.
• You have the flexibility to choose from a wide range
of tenure.
• Your investment is secured.
• You can avail the Rollover or Renewed option at any
time before encashment
• You can get your TDR en-cashed at any time before
maturity period.
• Available Tenures:
• One Month
• Two Months
• Three Months
• Six Months
• One Year
• Two Years
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• Three Years
• Five Years
5. PLS Saving Account
For all you saver’s. If you choose to keep a deposit in a secured
savings account, which also gives an attractive rate of return then
UBL’s PLS, Savings Account will serve all your financial needs.
By keeping your deposits in UBL’s PLS Savings Account you
can also avail the following services:
• 350 Online Branches In 71 Cities
Now access your account from 71 cities across Pakistan. Our
network is growing at an amazing pace and now you can avail
services like cash withdrawal, payments, deposit, stop payment,
acquisition of account statement and many more from more than
350 online branches.
•
9-5 Non-Stop Banking
Banking at your own convenience has been made possible. UBL
now offers 9-5 Non-Stop Banking service at more than 450
branches across Pakistan
• Countrywide Instant Cheque Clearance
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Submit a cheque in Karachi and get it cleared in Peshawar within
minutes. With online banking services, you can get your cheque
cleared instantly, without any hassle.
• Instant funds transfer
Funds transfer was never this easy. Make payments or receive
payments within minutes using our online facility. With the
introduction of Internet Banking now funds transfer is even made
easier and is just a click away.
6. UNISAVER ACCOUNT
UBL Unisaver Account is an innovative way of serving your banking
needs. Be it trade, business or personal finance, the UBL Unisaver
allows you maximum flexibility, yet gives you optimum returns.
Special Features
• Daily Profits on your daily balance
• Higher returns on higher balances
• Attractive rate of return
• Backed by the bank awarded AAA Credit
Rating
7. FOREIGN CURRENCY SAVING ACCOUNT
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If you wish to maintain a secured foreign currency savings account
then UBL is the safest bet. By opening a UBL foreign currency
savings account:
• You get to choose from different range of
currencies i.e. US Dollar, British Pound, and
Euro etc.
• You can avail different attractive rates
depending on the currency you choose.
8. FOREIGN TERM DEPOSIT ACCOUNT
If you wish to make a secured long-term foreign currency
investment, UBL’s Foreign Currency Term Deposit Receipt is a smart
choice, just make an investment and see your deposit grow over time.
By investing in UBL TDR’s:
• You get to choose from different range of
currencies i.e. US Dollar, British Pound, and
Euro etc.
• You can avail different attractive rates
depending on the currency you choose.
• You get the pleasure of availing the best
rate of return in the market. This is what
you call value for money.
UBL BASIC BANKING ACCOUNT – BBA
To accommodate the banking needs of low income groups, United Bank Limited is pleased to launch the UBL Basic Banking Account Scheme (UBL BBA) from February 25, 2006 across its branch network all over Pakistan. This is primarily aimed toward helping the low income group to benefit from the banking services without having the pressure to maintain specific balance amount with the banks. Find below basic product features of the Product:
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ADVANCES DEPARTMENT
Financing is the major source of income of UBL, its loans
remains approximately two times of its deposits. Driven by
considerable growth in the local credit market and UBL’s
ability to offer competitive rates, the bank’s loan portfolio
registered a considerable increase during 2004, capturing 8.6%
of the domestic market share of advances.
UBL deals with different kinds of loans for different sectors.
The following are the products of its advances.
1. UBL Money
2. UBL Cashline
3. UBL address
4. UBL Drive
5. UBL Small Business Scheme
6. Agricultural Finance
1. UBL MONEY
UBL Money, the Personal Installment Loan from UBL provides you
with power, control, convenience and the flexibility to manage your
financial requirements and realize your dreams. UBL Money is a
fixed installment loan. It gives you access to funds starting from Rs.
50,000/- up to a maximum of Rs. 500,000/- without any collateral.
Features of UBL Money
• Flexibility
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UBL Money provides you the flexibility to manage your monthly
installments according to your income stream. You can select any
tenor from 1 to 5 years in the multiple of 6 months.
• Payment Options
You have the option of getting a Pay Order or transfer to an existing
UBL account, Balance Transfer Facility for Credit Cards, or any
other loans.
• Exciting Features
-Zero-prepayment penalty option
-Complimentary Credit Insurance
-Competitive mark up
Repayment options
You can pay your installments through a Repayment Account at
designated branches. This is not feasible to show because this not
execute till now in Bahawalpur.
Eligibility Criteria
You are eligible if:
• You are within the age bracket of:
For salaried individuals 21-60 years
For self employed or Businessmen 21-65 years
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• Your monthly gross income is
For salaried individuals Rs. 10,000/-
For self employed or Businessmen Rs. 25,000/-
• You have been:
Employed for the last 6 months or have been in
business for the last 3 years.
• You can use UBL Money to:
Pay off your credit card balance
Finance your child's education
Buy home accessories
Finance your vacations
Buy anything you wish
Getting UBL Money is very easy. Just follow the simple steps:
• Fill the UBL Money application form
• Attach a copy of your CNIC and your proof of income
a) A Salary slip if you are a salaried employee
b) A Tax document / Bank Statement if you are self
employed
• Hand the application form along with your documents to any
UBL Money sales staff Member
2. UBL CASHLINE
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Have you ever wished for a loan that was flexible enough to be used
anywhere, anytime, and as many times as you wanted? UBL
introduces Cash line – the most flexible loan, providing you up to Rs.
500,000/- the perfect solution!
Features of the CashLine
• Flexible
• Convenient
• Cheque Book
• ATM/Debit Card
• Net Banking
• Funds Transfer
• Online Bill Payments
• Balance Transfer Facility
How can you get Cashline?
If you are:
• A salaried person of 21 to 60 years, and your monthly net
salary is Rs. 10,000
Or
• A self employed business person/professional between the
ages of 21 to 65 years, and your monthly net take home
income is Rs. 25,000
3. UBL ADDRESS
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You have always dreamt of having a permanent address. Now you
can turn your dreams into reality with UBL Address- the unique
offering that makes you the owner of your home while remaining
within your limited income.
UBL Address understands your home financing needs and offers you
a variety of fixed, floating and adjustable rate options-because at
UBL, where you come first.
Features of UBL Address
• Fixed Rate for 20 years
Fix your repayments for 20 years today. The fixed markup rate gives
you peace of mind and allows you to plan your cash flows better.
• Mark-up Monthly, Principal Annually (20 years)
For the first time tin Pakistan, UBL address provides an alternative to
high monthly rentals by offering a flexible repayment option to suit
your cash flows.
Pay only markup for 11 months every year.
Pay 5% of principal along with the markup in 12th
month every year.
Enables a fast principal repayment and hence lowers
total markup over life of the loan.
Installment reduces every year.
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Example on the loan of Rs.1000000 your annual principal repayment
will be Rs. 50,000 while you will only pay the markup as monthly
installment.
• Pay As You Select (PAYS)
In addition to normal financing, UBL address offer you the facility to
design your own repayment plan to suit your present and future
expected cash flows.
• PAYS_UP (10years, to 15 years
PAYS_UP allows you to start with low installments that increase
every year. For example, on a 15 year loan of RS. 1,00,000 your
monthly installment will begin from Rs. 9270 in year one and will
rise to Rs. 15679 in year fifteen.
• PAYS_Down (10years, to 15 years)
PAYS_Down (10 years, to 15 years allows you to pay higher
installments initially, with installments reducing in subsequent year.
No pre-payment penalty after the initial 3 years. For example, on a
15 year loan of Rs.1, 000,000 your monthly installment will begin
from Rs. 12,652 in year one and will fall to Rs. 9631 in year fifteen.
Floating Rate
In this option, you get a fixed rate for a period of 12 months
that gets re-priced annually.
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4. UBL DRIVE
UBL Drive is a unique auto-financing product, which offers you
features, options and flexibility unmatched by any other bank,
because at UBL, You come first.
Types of Finance
1. New Car Financing
UBL Drive allows you to drive away in your own car by making a
down payment of just 10% and to top that with low monthly
installments.
2. Used Car Finance
With UBL Drive you can buy your favorite used car (up to 5 years
old) at the most affordable rates.
3. Cash Your Car
UBL Drive is the quick and hassle free route to the car of your
choice. Offering you for the first time in Pakistan, No Down Payment
and processing charges till your application is approved. After
approval, you can take your Purchase Order to any of our authorized
dealers, pay the Total Cash Outlay amount and simply drive away
with your preferred car.
• Feauture
Car Tracking Device
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Insurance Options
• Process Charges
A processing charge of Rs. 4,000 will apply.
5. SMALL BUSINESS SCHEME / BUSINESSLINE
Introduction
UBL Businessline… a complete solution to all your Business
Financing needs. With UBL Business Financing facility, you can now
take your business to greater and newer heights, and achieve the level
of success that you truly deserve. UBL Businessline is a running
Finance facility that not only provides funds for growth but also
enables you to capitalize on profitable opportunities. With UBL
Businessline, now you will surely say: "Ab Hui … Kamiyaabi Meri
Manzill'. If you have a small or medium-sized business, UBL can
assist you with the right mix of banking services that will help you
manage and grow your business. Our experts will facilitate you in the
varied financial situations that you come across. We will respond to
your needs promptly because we understand how much your
customers, your employees and YOU depend on us
Eligibility Criterion:
If you fall in the following criteria, then UBL Business line is
just the right choice for you
• Minimum monthly income: Rs. 25,000 and above
Age: 25– 65.
Resident: Pakistani.
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• Self-Employed Professional / Self-Employed
Businessman.
6. UBL AGRICULTURAL FINANCING / INPUT
FINANCING
UBL's agricultural loans on easy terms and conditions to
small-scale land owning farmers boost the country's
economy and yield greener harvests. UBL enables farmers to
buy good quality seeds, fertilizers, pesticides and agricultural
implements. Through the Government's Loan Schemes for
Haris, UBL lets your crops prosper and your dreams
materialize, making Pakistan's economy stronger.
Agricultural loaning is an art or science of business, which
deals with productions of Crops and rearing of birds and
animals to meet the basic necessity of life that is food cloth and
shelter.
Sources of Funds
The only and strong sourcing of financing agricultural loans is
banks own deposits and income receiving from its investment.
Type of Financing
There are three types of financing which are as follows….
• On the basis of Time Period
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Short-Term Loans (for 1 to 1 and half year).
Medium-Term Loans (for 1 and half year to 5 years)
Long-Term Loans (6 years and onward)
• On the Basis of Utilization
Production Loans are normally short-term Loans.
This type of
Financing is for the purchase of seeds, fertilizer,
labors, and
Food for animals etc.
Development Loans are normally medium-term and
long-term loans. This type of financing is for the
purpose of purchase of Tractors, Tubwells, godowns,
storage houses, bulldozers, land labeling, agri
Equipments or any material for the construction of
poultry form or fish Form etc.
• On the Basis of Land Utilization
Form Loans are for the purchase of seeds and
Tubwells, in this type it should be necessary that
land should utilized.
Non-Form Loans are for the purchase of those
things, which cannot utilize the land diary form,
fishing form and pottery from etc.
• On the basis of Limit
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Demand Finance is for the production loans, which
should be renued every year it can be for 3 to 7
years.
Cash / Running Finance is production loans it is
fixed for 3 years not will be renued.
Criteria of Financing
The following persons are fallowing in the criteria financing
for agri loans.
• On the basis of land holding
Subsistence holding are those who holds 12 and
half acre and blew.
Economic holding are those who holds 12 and half
acres to 50 acres.
Above economic are those who hold above 50 acres
land.
80% landlords fall in the first category, 50% loans of 50%
given
To subsistence holding according to state bank of Pakistan for
Production purposes.
• On the basis of cultivation
Owner’s cultivators are those who is cultivating
their own land.
Owners and tenant cultivators are those who
cultivate their own as well others on lease.
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Tenant cultivators are those who cultivate only
leased land.
Terms and condition
• The person should not be defaulter of any bank.
• He should himself be cultivator.
• Satisfactory track record.
• The security should be insured.
• Copies of NIC of party and his witnesses
• Two photographs of party
• No objection certificate from that area Financial intuitions
• If loan is above 5 lac then CIB report should clear.
• Prof of cultivation.
• Security as per requirement.
• IB 7 (Islamic Banking).
• Letter of continuity for running finance.
• Letter of hypothecation (delivery).
• Charge creation certificate.
• Naqal intacal.
Securities acceptable
• Agricultural land possiton will remain to the party.
• Any urban or roller property with the name of party.
• Gold and Silver etc.
• Liquid Securities like saving certificate, bonds, shares and
TFC’s.
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• Any other Securities, which is acceptable according to rules
of UBL.
• Personal guaranty of two persons.
• Hypothecations of property.
Sanction Limits
For productions
Sugarcane per acre Rs 16,000
Cotton per acre 10,000
Wheat per acre 6,000
Rice per acre 6,000
Rate and limits can vary area to area.
For Development
The person should bring quotations of the thing for which he is
approving loans from three authorized dealers. It is in the
option of the bank that which one is accepted, one of them
should be acceptable. After accepting the quotation bank can
sanction one these debt equity ratio 90:10, 80:20 and 75:25.
Markup
Markup is vary from property to property upto 18% its internal
and plus KIBOR.
Repayment Schedules
Demand Finance for productions purposes paid at maturity.
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Demand Finance for Development repay on the basis of installments
on quarterly, half yearly an yearly on the will of party after judging
his cash flow.
Cash Finance for production should clean up for 3 days at any time
once in a year, there is no renewal of documents. Markup is charge
on daily product basis.
Foreign Exchange and ATM Dealer
In this department Mr. Muhammad Fazal is working and
providing foreign exchange and ATM services.
Dealing of Foreign Exchange
The following instruments are used in term conversion of
foreign exchange.
1. Money Gram
2. Taz Raftar Cheaques
3. Hamrah
1. MONEY GRAM
The Money Gram money transfer service was started in 1988 by
integrated Payment Service a US based division of First Data
Corporation (FDC), a data processing company. At that time,
American Express owned FDC.
In 1996,Money Gram Payment System Inc was floated on the New
York Stock exchange. Money Gram Payment System is based in
Denver USA. There is call center located there; it handles
transactions for all non-automated agents and answers queries from
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customers on a 24-hour hotline. Money Gram has a world -wide
agent base of over 29,000 agents, which allows customers to transfer
funds around the world within minutes in over 130 countries. The
Money Gram service will enable our customers to send and receive
funds in 10 minutes.
Money Gram is a 10-minute person-to-person money transfer
service, which is quick and reliable and allows customers to send
money worldwide.
Benefits of Money Gram
• Reliable and secure service
An extensive network of Money Gram agents, linked by computers
around the world, ensures that our customer's money is transferred
safely. Thousands of people already use the Money Gram service
every day, taking advantage of the extensive Money Gram equality
agent network.
• Fast and convenient
In just 10 minutes, customer's money can be in another continent,
ready and waiting to be picked up at once of the many Money Gram
agents. Over 29000 agents in more than 125 countries are linked
worldwide to make sure that money is transferred without delay.
There are no complicated procedures and there is no requirement for
a bank account or credit card.
Value for money
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Money Gram offers a fast, safe; service at highly competitive rates
MoneyGram is the cheapest money transfer service available to
customers.
• Free message service
An added personal touch with every transaction you send, customers
can include a 10-word message at no extra cost.
2. TEZRAFTAAR
Free Doorstep Remittances With-in the country or from abroad, UBL
offers the most efficient and price competitive service. With our large
network of branches, we are poised to offer you service almost at
your doorstep.
UBL's new remittance service, TezRaftaar offers all overseas
Pakistanis the fastest and the most convenient delivery of their
money to their beneficiaries in Pakistan. Best of all, TezRaftaar is
completely cost free and is available at all UBL branches along the
Bank's Network in the Middle East, UK and US.
Benefits of TezRaftaar
• Fastest delivery to your given address in Pakistan
• Doorstep delivery by authorized courier or credited
to the recipient's account.
• Free of charge transfer service.
• Open to all including those who are not UBL account