Government of Pakistan, Finance Division (regulation Wing) has issued Notification No. F.8(2)-Reg.7/87-698 dated 09-01-2018 in connection with Revision Motor Car Advance, Motor Cycle Advance & Bicycle Advance 2018. Detail is as under:
The undersigned is directed to refer to Finance Division O.M dated 20-07-2012 on the above subject and to state that keeping in view the demand of Government employees, revision of pay scales and the prices of vehicles, the matter of present pay limit and amount fixed for advances have been reviewed. It has been decided to revise the pay limits for eligibility and the amount of advances for grant of Bicycle, Motorcycle and Motor Car Advance with effect from 01-01-2018 as under:
| S. No | Type of Advance | Existing Pay Limits | Existing amount of Advance | Revised Pay Limits | Revised amount of Advance |
| 1 | Bicycle Advance | On pay upto Rs. 7500/- PM | Rs.7,000/- | Upto Rs.15,000/-p.m. | Rs. 10,000 |
| 2 | Motor-Cycle Advance | On pay of Rs.7,501/- p.m. to RS, 19,999/- p.m. | Rs.75,000/- | On pay of Rs.15,001/-p.m. to Rs. 34,999/-p.m. | Rs. 100,000/- |
| 3 | Motor Car Advance | On pay of Rs.20,000/- p.m. and above. | Rs.450,000/- | On pay of Rs.35,000/-p.m. p.m. and above. | Rs. 1,000,000/- |
2 It has also been decided that the names of officials who are already on the waiting lists for the above referred advances may not be deleted from the said lists. The other conditions on the subject will continue to be in force as before.
Salaam ya GP fund ki Tarah advance milta ha or kya ye Punjab govt employees only bhi ha
GP Fund ka paisa employee ka apna hota hay aour MCA, HBA etc ka paisa Govt ka hota hay. Not sure about Punjab Govt policy.
Assalam alaikum
I am a steighnographer bps 15 and have basic 26500.
How can I get car.
Kindly brief the procedure.
What is ur department name?
Please tell me yeh jo advances hain inme jo pay limits hain yeh salary total agar kisi ki 35 ya 36 thousand ho wo bhi motor car advance k liyay apply kar sakta hai ?
Or
35k basic pay ho tab ?
It is on Basic pay.
Asslamo alykum
Respectd Mam
I m FBR emloyee bps 2
Mere gp fund pr interest apply nahi he agr motorcyle advance loon ga to kia motorcyle advance pr interest apply ho ga. Plz tell me mam
No you will not have to pay interest on Motorcycle Advance.
Thanks man
Welcome
please motorcycle advance pay interest calculate krny ka formula send krain
Dear Agha Riaz you can easily calculate the interest amount of motorcycle advance by the following formula:
http://www.glxspace.com/2014/02/23/calculate-motorcyclemotorcarhouse-building-advance-interest-ms-excel-sheet/
Assalamo-Alaikum
Mam,
I am the Servant of the Government of KP working in BPS 17 for the last 11years. I m intrested to take House Building Loan. Please inform me about the complete detail procedure and documentation. Thanks.
Whats will be the interest rate of Motorcycle Advance?
Dear Faisal same as GP Fund at thagt year.
is there is intrest on the car advance.
Dear Saeed yes there is interest on Car & Motorcycle advance if the GP Fund is on interest.
kia ya notification punjab govt par bhi lago hoga
Dear Assad Iqbal this is only for the Federal Govt Employees.
How much advance will be offered to those who are already on waiting list but having basic pay less than revised limits?????
How to apply the loan of bike ?
what is the condition for.this loan
what must be the length of service for this
ihave been servng since last.four years
can i apply
How many times a person can draw Motor Car Advance. Can I get the difference as my FAC issued on 27-10-2017 and drawn in December 2017. My basic pay is Rs. 46270