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    Saira Javed Somia Ibrahim Bilal Asif Mahmood Amin: Click To Edit Master Subtitle Style

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    The document discusses consumer banking and retail banking. It defines retail banking as banks that fund themselves through customer deposits and lending, especially to individual customers and small businesses. It notes the importance of retail banks, saying they offer critical credit functions that fuel economic growth. Problems in the retail banking sector can have dire economic consequences for the whole economy. The document then provides details about the products, services, and target market for the MCB Bank's new "PayToday" short-term loan program.

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    Saira Javed Somia Ibrahim Bilal Asif Mahmood Amin: Click To Edit Master Subtitle Style

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    sairajaved786
    158 views19 pages
    The document discusses consumer banking and retail banking. It defines retail banking as banks that fund themselves through customer deposits and lending, especially to individual customers and small businesses. It notes the importance of retail banks, saying they offer critical credit functions that fuel economic growth. Problems in the retail banking sector can have dire economic consequences for the whole economy. The document then provides details about the products, services, and target market for the MCB Bank's new "PayToday" short-term loan program.

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    Consumer Loan

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    The document discusses consumer banking and retail banking. It defines retail banking as banks that fund themselves through customer deposits and lending, especially to individual customers and small businesses. It notes the importance of retail banks, saying they offer critical credit functions that fuel economic growth. Problems in the retail banking sector can have dire economic consequences for the whole economy. The document then provides details about the products, services, and target market for the MCB Bank's new "PayToday" short-term loan program.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    158 views19 pages

    Saira Javed Somia Ibrahim Bilal Asif Mahmood Amin: Click To Edit Master Subtitle Style

    Uploaded by

    sairajaved786
    The document discusses consumer banking and retail banking. It defines retail banking as banks that fund themselves through customer deposits and lending, especially to individual customers and small businesses. It notes the importance of retail banks, saying they offer critical credit functions that fuel economic growth. Problems in the retail banking sector can have dire economic consequences for the whole economy. The document then provides details about the products, services, and target market for the MCB Bank's new "PayToday" short-term loan program.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 19

    SAIRA JAVED SOMIA IBRAHIM BILAL ASIF MAHMOOD Click to edit Master subtitle style AMIN

    5/25/12

    Consumer Banking
    Consumer banking comes under the head of retail banking and can be defined as follows:

    Retail Banking
    A bank that funds itself through customer deposits and lending Retail banks offer a range of services to individual customers and small businesses, rather than to large companies and other 5/25/12 banks.

    Importance of Retail Banking


    Retail banks play a critical role in their home economies, and their activities have implications for the global economy as well. They offer critical credit functions, which largely fuel the engine of economic growth in their economies. When problems hit the retail banking sector the result is often dire economic circumstances for the economy as a whole. When retail banks are failing, little or no credit is available for credit seekers, and economic activity becomes depressed.
    5/25/12

    5/25/12

    HISTORY OF MCB
    Incorporated in 9 July, 1947 Nationalized in in 1974 as part of Government

    of Pakistan's economic reform movement consortium in 1991.

    Later privatized to Nishat Group lead 1,130 branches and 600 ATMs across Pakistan

    with a customer base of 4.5 million (apprx.)

    5/25/12

    DEPOSIT ACCOUNTS: 1. Khushali Bachat Account 2. Mahana Khushali Bachat 3. Pak Rupee Saving Account 4. Pak Rupee Current Account 5. Savings 365 6. Forign Currency savings Account 7. MCB Foreign Currency Term Deposit 8. Dollar Khushali Account
    5/25/12

    1.

    Loan and Mortgages Products MCB Business Sarmaya:

    2. MCB Car4u: 3. MCB Pyara Ghar: 4. Easy Personal Loan: 5. Debit & Credit Card 6. MCB Visa Debit Card 7. MCB Visa Platinum 8. MCB Visa 9. MCB Visa Prepaid
    5/25/12

    10. MCB ATM Cards


    MCB ATM Regular Card

    MCB ATM Gold Card

    11. MCB Rupee Travelers Cheques


    12. Home Remittance 13. 14. Money gram Bill Payments
    5/25/12

    ASSET PRODUCT

    5/25/12

    PAYTODAY
    What is Pay Today loan?

    Pay today is a simple, short term loan facility being designed to meet the lifestyle financial needs/expenses of the borrowers who run out of money in the end of each month.

    5/25/12

    The basic idea behind offering this new type

    of facility is to facilitate the lower middle income salaried group in order to enhance their lifestyle by providing short term loans according to their requirements in a more reasonable and respectable manner. The purpose is to help out the borrower in his/her critical situation being an invisible hand by lending required money on short term basis and with minimal markup while maintaining their dignity.
    5/25/12

    ANALYSIS & VIABILITY


    In todays world where the inflation rate has

    crossed its limits and being mismatched with the economic growth it is difficult for a common man to meet its basic lifestyle needs within its income range. As per the savings and spending research for the year 2009 and 2010 average per person monthly income is 11879 PKR where as the average purchasing power is 30 rupees per day. With the increasing consumption pattern and expensive basic necessities blue collar families are unable to cover their resources efficiently and have to borrow money in the 5/25/12 mid or in the end of month before the

    TARgET MARKET

    This loan facility is designed for lower middle income salaried groups who account to take average salary of 10,000-12,000.

    5/25/12

    Exposure Limit per Person

    An individual will not be allowed to take facility less than 500 PKR and not more than 5000 PKR. An individual will be able to take exposure of maximum 30% and can be extended to 50% of his/her monthly income as per the repayment ability of the each customer.

    5/25/12

    LOAN TERM
    As this facility will be given to meet short term requirements at the end of each month before getting the next months pay/salary, the loan will be given for maximum period of 21 days. LOAN DISPURSEMENT TIME The loan will be disbursed immediately on cash basis over the counter.
    5/25/12

    MARKUP
    Markup of 3% will be charged on the principal outstanding at the maturity/

    Security
    The bank will ask for the post dated cheque of total amount of facility excluding markup in order to secure its principal amount outstanding. repayment.
    5/25/12

    Terms & Conditions


    For taking exposure of the facility the

    borrower will required to fill an application form and the following terms and conditions have to be completed.

    1. According to the requirements of payday facility the borrower must: 2. Have attained age of majority (18 years and above) 3. Be an account holder with MCB Bank having every time minimum balance of 1,000 PKR 4. Have a permanent telephone (land line) 5/25/12 number

    Conti
    Application form will cover the following information: 1. 2. 3. 4. 5. 6. 7. 8. 9. Applicant full name: Applicant Contact Address: Phone No: Age: Marital Status: Amount Required as Loan: Proposed Terms/Duration of Loan: Monthly Income: Occupation:

    10. Status of employment 5/25/12 (permanent / part time):

    WHY PAYTODAY????
    EASY AND QUICK:

    The loan process consists of a short application with relatively easy qualifications.
    No Credit Check :

    The process of obtaining a payday loan only requires an active checking account, a job with a minimum monthly income, and proof of residence. A typical loan from a typical bank often involves hours of filling out long application forms, information verification and basing your creditworthiness on your credit 5/25/12 score.

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