Question:

Can the hypothecation on household goods make a Credit Card secured by State bank of Pakistan?

by Guest8833  |  13 years ago

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My friend is an internee journalist I want to write an article on State bank of Pakistan. My question is Can the hypothecation on household goods make a Credit Card secured by State bank of Pakistan?

 Tags: bank, card, credit, household, hypothecation, Pakistan, secured

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1 ANSWERS

  1. Guest2541
    No, Credit Card cannot be secured by State bank of Pakistan against the hypothecation of household goods. Credit Card in excess of the clean limit is required to be secured by tangible security as defined in the Prudential Regulations.

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Latest activity: 13 years, 5 month(s) ago.
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