KARACHI (PR) NBP Advance Salary is the single largest consumer product in Pakistan. The product was launched in 2002. The purpose of the Advance Salary Scheme was to uplift the previously ignored and under-banked community of government employees and armed forces personnel by providing them opportunity of greater self-reliance and generate easily accessible funds for personal use through the Scheme. Since the beginning, the product has performed really well and it is one of the major contributors to the bank’s profit. Till October, 2011 more than Rs. 190 billion have been disbursed to more than 1.4 million borrowers.
NBP has enhanced the advance salary limit from Rs 490,000 to Rs,1,000,000.