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7/31/2019 Consumer Loan
1/19
Click to edit Master subtitle style
5/25/12
SAIRA JAVEDSOMIA IBRAHIM
BILAL ASIFMAHMOOD AMIN
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Consumer BankingConsumer banking comes under the head ofretail banking and can be defined as follows:
Retail BankingA bank that funds itself through customer
deposits and lendingRetail banks offer a range of services toindividual customers and small businesses,rather than to large companies and other
banks.
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Retail banks play a critical role in their homeeconomies, and their activities haveimplications for the global economy as well.
They offer critical credit functions, which largely
fuel the engine of economic growth in theireconomies. When problems hit the retailbanking sector the result is often dire economiccircumstances for the economy as a whole.
When retail banks are failing, little or no creditis available for credit seekers, and economicactivity becomes depressed.
Importance of Retail Banking
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Incorporated in 9 July, 1947
Nationalized in in 1974 as part of Governmentof Pakistan's economic reform movement
Later privatized to Nishat Group leadconsortium in 1991.
1,130 branches and 600 ATMs across Pakistanwith a customer base of 4.5 million (apprx.)
HISTORY OF MCB
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DEPOSIT ACCOUNTS:
1. Khushali Bachat Account
2. Mahana Khushali Bachat
3. Pak Rupee Saving Account
4. Pak Rupee Current Account
5. Savings 365
6. Forign Currency savings Account
7. MCB Foreign Currency Term Deposit
8. Dollar Khushali Account
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1. MCB Business Sarmaya:
2. MCB Car4u:
3. MCB Pyara Ghar:
4. Easy Personal Loan:
5. Debit & Credit Card
6. MCB Visa Debit Card
7. MCB Visa Platinum
8. MCB Visa
9. MCB Visa Prepaid
Loan and Mortgages
Products
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10. MCB ATM Cards
MCB ATM Regular Card
MCB ATM Gold Card
11. MCB Rupee Travelers Cheques
12. Home Remittance
13. Money gram
14. Bill Payments
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ASSET PRODUCT
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What is Pay Today loan?
Pay today is a simple, short term loan facilitybeing designed to meet the lifestyle financialneeds/expenses of the borrowers who run out ofmoney in the end of each month.
PAYTODAY
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The basic idea behind offering this new typeof facility is to facilitate the lower middleincome salaried group in order to enhancetheir lifestyle by providing short term loans
according to their requirements in a morereasonable and respectable manner. Thepurpose is to help out the borrower in his/hercritical situation being an invisible hand by
lending required money on short term basisand with minimal markup while maintainingtheir dignity.
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In todays world where the inflation rate hascrossed its limits and being mismatched withthe economic growth it is difficult for acommon man to meet its basic lifestyle needs
within its income range. As per the savingsand spending research for the year 2009 and2010 average per person monthly income is11879 PKR where as the average purchasing
power is 30 rupees per day. With theincreasing consumption pattern andexpensive basic necessities blue collarfamilies are unable to cover their resources
efficiently and have to borrow money in themid or in the end of month before the
ANALYSIS & VIABILITY
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This loan facility is designed for lower middle
income salaried groups who account to takeaverage salary of 10,000-12,000.
TARgET MARKET
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An individual will not be allowed to take
facility less than 500 PKR and not more than5000 PKR. An individual will be able to takeexposure of maximum 30% and can beextended to 50% of his/her monthly income as
per the repayment ability of the each customer.
Exposure Limit per Person
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As this facility will be given to meet shortterm requirements at the end of each monthbefore getting the next months pay/salary, theloan will be given for maximum period of 21
days.
LOAN DISPURSEMENT TIME
The loan will be disbursed immediately on cashbasis over the counter.
LOAN TERM
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Markup of 3% will be charged on theprincipal outstanding at the maturity/
SecurityThe bank will ask for the post dated cheque
of total amount of facility excluding markup in
order to secure its principal amountoutstanding.
repayment.
MARKUP
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For taking exposure of the facility theborrower will required to fill an applicationform and the following terms and conditionshave to be completed.
1. According to the requirements of paydayfacility the borrower must:
2. Have attained age of majority (18 years and
above)3. Be an account holder with MCB Bank having
every time minimum balance of 1,000 PKR
4. Have a permanent telephone (land line)number
Terms & Conditions
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Application form will cover the followinginformation:
1. Applicant full name:2. Applicant Contact Address:3. Phone No:4. Age:5. Marital Status:6. Amount Required as Loan:
7. Proposed Terms/Duration of Loan:8. Monthly Income:9. Occupation:
10. Status of employment (permanent /part time):
Conti
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EASY AND QUICK:
The loan process consists of a shortapplication with relatively easy qualifications.
No Credit Check :The process of obtaining a payday loan only
requires an active checking account, a job witha minimum monthly income, and proof of
residence. A typical loan from a typical bankoften involves hours of filling out longapplication forms, information verification andbasing your creditworthiness on your credit
score.
WHY PAYTODAY????