UBL Ready Line is a revolving credit facility that gives customer instant access to funds, offering flexibility and control over your financial needs. This is a revolving line where customers charged markup only on the amount which is utilized for the number of days. UBL Ready Line where customers are provided with a limit in checking account from which customers can withdraw funds through different mediums, Cheque book, ATM Card, Digital App, and Pay Order etc.
Product Benefits & Features
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Markup is applied strictly to your outstanding balance and calculated only for the exact number of days the funds are utilized.
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Fund transfers, bill payments, pay school & university fees, mobile top-ups, view utilized funds, bank statements, repayments via your UBL Digital App.
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Cash withdrawals at any ATM globally, Debit Card, cheque book and pay order.
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Make online and in-store purchases with your UBL Debit Card
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Competitive and affordable financing rates
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Processing fee charged only assigned limit amount
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Convenient financing with minimal documentation requirements
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Transparent terms and conditions with no hidden charges
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Maximum Limit: PKR 50,000 to PKR 3 million (4 million for Prime Customers)
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Tenor: Evergreen
Processing Fee:
PKR 5,000/- or 1% of the limit whichever is higher (Plus Applicable FED).
Age Criteria:
Salaried Min:
21 Years, Max: 60 Years or retirement age; whichever is lower with maximum up to 65 Years.
Salaried Individuals
Minimum Gross Income of PKR 40,000/-
Renewals
Renewal on yearly anniversary and complete assessment after 3 years’ anniversary.
Documentation Requirements
General Documentation
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Clear copy of a valid CNIC
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Completed and duly signed loan application form
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Duly signed loan declaration form
For Salaried
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Salary slip or Salary Certificate mentioning salary break up
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Bank statement showing salary credits
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For Known selected companies either of one income document i.e. Bank Statement OR Salary
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Any additional documents as required by the Bank for verification or processing purposes
For SEB/SEP
Acceptable business proof can include the following:
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Proprietorship Certificate
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Registered Partnership Deed or un-registered Partnership Deed along with the Bank letter
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Memorandum / Articles of Association mentioning applicants’ share in business
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Verified Tax Return Document Business (Sole Proprietorship with ownership proof).
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Any additional documents as required by the Bank for verification or processing purposes
Click Here to Apply Now
Click Here for Ready Line Account Opening Form
Click Here for Ready Line Key Fact Sheet (KFS)
Click Here for Ready Line Terms & Conditions
Click Here for Ready Line FAQs