Personal Financing

Bank of Punjab Personal Loan — Advance Salary & EMI Calculator

Eligibility for BOP's Advance Salary Personal Loan, plus a free calculator to estimate your monthly instalment.

Govt Employees Only
Min. Salary Rs 17,500
Verified Sep 1, 2026

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University)

Bank of Punjab personal loan searches lead to one specific product: Advance Salary Personal Loan, restricted to government and semi-government employees who route their salary through a BOP account. Eligibility below is exactly as published in BOP's official FAQ. (This is Pakistan's Bank of Punjab — not Punjab National Bank, India's unrelated public-sector lender, whose personal loan rates and eligibility rules are entirely separate.)

Advance Salary Personal Loan is available only to government, semi-government, federal, and provincial department employees whose salary account is held at The Bank of Punjab — it is not a general-purpose personal loan open to all applicants. Government employees drawing their salary through BOP branches in Lahore, Karachi, Islamabad, Multan, or any other city qualify equally; eligibility is tied to your salary account, not your posting location.

Eligibility at a Glance

Minimum Gross Salary: Rs 17,500/month
Age Range: 19–59 years
Employment Type: Govt/semi-govt employees only
Job Experience Needed: None required

Eligibility figures confirmed from BOP's official Advance Salary Personal Loan FAQ page.

Key Terms to Know

Salary Account Lock-In

Your salary account cannot be transferred to another bank until the loan is fully closed.

Life Assurance Included

Life assurance coverage is available for the duration of the loan; in case of death, the outstanding balance is covered by the insurer.

Salary Account Transferable In

If you already have a salary loan elsewhere, you can transfer your salary account to BOP and apply for Advance Salary financing under BOP's policy.

EMI Calculator

Estimate your monthly instalment. Enter your loan amount, annual markup rate, and tenure in months.

This is an estimate using the standard reducing-balance EMI formula. Confirm your actual markup rate and terms directly with BOP before applying.

How to Apply

Contact BOP's loan department directly at 042-35817659 or 042-35817646 for eligibility queries, or approach the bank officials at your BOP branch's Customer Facilitation Center (CFC) in person to start an application.

If You Don't Qualify for Advance Salary

Because Advance Salary Personal Loan is restricted to government and semi-government salaried employees banking with BOP, private-sector employees or self-employed applicants who don't meet that criterion will need to look at BOP's other consumer financing options, or a personal loan product from a different bank open to private-sector salary accounts. Confirm eligibility with a BOP branch or the phone banking line before assuming you qualify, since eligibility criteria are reviewed periodically and can be updated without a corresponding change to older FAQ documentation still circulating online.

Personal Loan Fees (SOBC, Effective 01 Jul – 31 Dec 2026)

Charge	Amount
Processing fee (fresh facility) — salaried individuals	Rs 5,000
Processing fee (fresh facility) — SEB/SEP	Rs 6,750
Processing fee (fresh facility) — SEB/SEP women	Rs 6,000
Renewal / emergency limit charges	Rs 4,000
Pre-mature termination — salaried	3% of outstanding principal (nil if refinancing/top-up)
Pre-mature termination — SEB/SEP/others	5% of outstanding principal
Late / non-payment penalty	Re 1 per Rs 1,000 per day per instalment, for overdue days

Figures sourced from BOP's official Schedule of Bank Charges (SOBC) under "Personal Loans," effective 01 July 2026 to 31 December 2026, published on bop.com.pk. This general Personal Loans fee grid applies alongside Advance Salary's specific eligibility rules above.

Frequently Asked Questions

What is Bank of Punjab's personal loan called?

Bank of Punjab's personal loan product is called Advance Salary Personal Loan, available to government, semi-government, federal, and provincial department employees who hold their salary account with BOP.

What is the minimum salary for BOP's Advance Salary loan?

Bank of Punjab's Advance Salary Personal Loan requires a minimum gross monthly salary of Rs 17,500, with applicant age between 19 and 59 years.

Can private-sector employees get BOP's Advance Salary loan?

No. This specific product is restricted to government, semi-government, and federal/provincial department employees. Private-sector salaried applicants should ask BOP about alternative consumer financing products.

What is the processing fee for BOP's personal loan?

Rs 5,000 for salaried individuals on a fresh facility, and Rs 6,750 for self-employed businesspersons/professionals (Rs 6,000 for women SEB/SEP applicants), per BOP's current Schedule of Bank Charges.

Can I close my BOP personal loan early?

Yes. Pre-mature termination is nil for salaried applicants refinancing or taking a top-up, otherwise 3% of outstanding principal for salaried applicants and 5% for SEB/SEP/other applicants.

Does moving to another city affect my BOP salary loan?

No, as long as your salary account stays with BOP. The loan is tied to your salary account, not a specific branch or city, so a transfer from Lahore to Karachi, for instance, doesn't affect the facility.

Good For

Checking whether you qualify for BOP's Advance Salary loan
Estimating your monthly instalment before applying
Understanding the salary-account lock-in condition
Working out roughly what you'll repay each month

Ready to check your eligibility?

Confirm current markup rates and terms directly with BOP before applying.

Visit BOP Official Website See Account Opening Guide