NIC Sajilo Karza (NSKza) is a simple overdraft facility developed to cater to the personal financing needs of salaried individuals, self-employed, professionals and owners of small family businesses. It is structured as a simple easy-to-use and easy-to-understand overdraft facility, which provides full flexibility for withdrawal of funds and repayment at the borrower's convenience without the need for any further bureaucratic process once the limit is set up. The major attractions of the products are very simplified loan approval process, borrower-determined usage and savings on interest cost.

Features:

Amount Rs. 0.5million to Rs. 15million Tenure 1 year (renewable) Loan fee 1% Interest payment monthly

Interest Rates: Amount Interest Rates (per month)* Less than Rs 1Mn 1.02% Rs 1Mn to less than 2.5Mn 0.98% Rs 2.5Mn to less than 5Mn 0.94% Rs 5Mn to less than 7.5Mn 0.90% Rs 7.5Mn to less than 10Mn 0.87% Rs 10Mn and above 0.84%

* The interest rates mentioned above are based on annual rates assuming 365 days in a year and an average of 30.42 days in a month. Actual interest applied could vary depending on the actual number of days in a month.