Planning &Development Directorate

KHUSHAL KHAN KHATTAK UNIVERSITY

KARAK

27200- Karak, Khyber Pakhtunkhwa (Pakistan)

Ph: 0927-211839& Fax#: 0927-211835
________________________________________________________________________
No:
/ P&D/KKKUK/15
Dated: 01/9/2016
Muhammad Maqbool Khan,
Branch Manager, Karak
The Bank of Khyber.
SUBJECT:

EXPRESSION OF INTEREST FOR CREDIT FACILITIES TO EMPLOYEES OF

KHUSHAL KHAN KHATTAK UNIVERSITY KARAK.

Reference your letter No. RB/AN/2016/056, dated: 16-8-2016. I am directed to inform you
that the following concern has been noted by the university authorities regarding subject
stated above. It is requested that kindly revise the Package/Offer as mentioned below.
BOK Salary Shara Loan
1. Eligibility needs to be revised as
a. Permanent employee with confirmed service and minimum history of 1.5 Years/
Eighteen (18) Months, as University is newly established and none of the employee
has completed permanent service more than one year.
b. Average monthly Verifiable income should be 2 times of the proposed monthly
Installment
.
2. Markup rate needs to be decreased minimum upto Three (03) Percent in every
category mentioned in your letter.
BOK Foree Car Loan
1. Eligibility needs to be revised as Permanent employee with confirmed service and
minimum history of 1.5 Years/ Eighteen (18) Months, as University is newly established
and none of the employee has completed permanent service more than One year.
2. Period of finance needs to be increased form Five (5) years to Seven (7) Years.
3. Markup rate need to be decreased minimum upto 0ne (1) percent in every category
mentioned in your letter.
4. Time mentioned in premature payment penalty mentioned in early adjustment need to
be revised @1% whereas time shall also be revised from Two (2) Years to one (01)
year in case of disbursement. No penalty shall be charged in 2 nd year and onward
period.
BOK Suhana Ghar Finance.
1. Eligibility needs to be revised as
a. Permanent employee with confirmed service and minimum history of 1.5
Years/ Eighteen (18) Months, as University is newly established and none of
the employee has completed permanent service more than One year.
b. Average monthly Verifiable income should be 2 times of the proposed monthly
Installment.
c. Proposed loan Installment plus other finance facilities installment(if any) should
be Less than 65% of the take home salary/Income

2. Debt: Equity Ratio mentioned in facility amount needs to be revised as 85:15

3. Markup rate need to be decreased minimum up to one (1) Percent in every category
mentioned in your letter.
4. Time mentioned in premature payment penalty mentioned in Early Adjustment need to
be revised @1% whereas time shall also be revised from Five (5) Years to Two (2)
years in case of disbursement. No penalty shall be charged in third (3rd) year and
onward period.

M. Rashad Khattak
(Addl. Director P&D)
Secretary Funds Deposit Committee

Copy to:
1. P.S to Vice Chancellor
2. PA to Registrar
3. Convener Funds Deposit Committee
4. All Members