Sameer ali l1f07bbam2152 Amna sheikh l1f07bbam2156 Muhammad Imran L1F07BBam0143 MUHAMMAD HARIS CHAUDHRY

Q: Dig the asset and liability products, offering by any financial institutions to its customers under the umbrella of consumer services.

These product sare of allied and bank al falah

Asset products
Asset products are another service that commercial banks and other financial institutions provide. They are called asset products because they represent the primary assets of the banks, these products normally take the form of personal and business loans, mortgages, auto loans credit cards, etc. Asset products also have a variety or rates and terms, and the interest revenue in them is the main way that commercial banks earn profits. (1). Personal Loans

Facility of personal loan is provided by many banks now these days in all over the world. something very urgently and we dont have enough money for that time we can avail facility of personal loans which is offered by banks on special requirements. Range of these personal loans also depends on credit ranking of any one or in other words we can say even bank statement of anyone, this plays very important role in approval of personal loan.. (2). Mortgages Loans A mortgage is a type of loan which is used to finance the purchase of a property, dwelling or any other type real estate. These loans are taken against the collateral which is the applicant's property, for instance, a house.. There are number of options of the type of mortgage you can get:

(3). Auto Loans The funds borrowed in order to buy a new car or a used car is known as auto loan. Many banks and other financial institutions are providing this facility. An auto loan is generally provided by an individual lender or a financial organization. Nowadays, the auto loan or car loan can also be applied on the Internet. (4). Credit Cards A card issued by a financial company giving the holder an option to borrow funds, usually at point of sale. Credit cards charge interest and are primarily used for short-term financing. Interest usually begins one month after a purchase is made and borrowing limits are pre-set according to the individual's credit rating. (5). Education Loans Student loan scheme has been launched by NBP (National Bank Of Pakistan) in collaboration with other major banks in Pakistan. All of these loans will be interest free which makes this scheme more attractive..

Liability Products
Liability products are one category of products that commercial banks and other financial institution provide. So named because they represent liabilities of the bank, these products

include checking and savings accounts, certificates of deposit and other types of deposit products. Except for checking accounts, liability products normally earn interest for the depositor, which varies according to the type and term of the deposit. (1). Fixed Deposit Fixed deposit refers to a type of deposit which can be drawn on the expiry of a specific period. This type of deposits is paid at a higher rate of interest. A Fixed Deposit will often be used by individuals, businesses and financial institutions around the world as a means of storing their liquid funds for a fixed period of time for future use. (2). Current deposit Current deposit refers to a type of deposit which can be drawn at any time and in any amount. Generally current deposits are not paid any rate of interest. However, a very low rate of interest is paid if there is a condition that deposit amount will never fall a certain limit. (3). Savings Bank deposit A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. Depending on the specific type of savings account, the account holder may not be able to write checks from the account (without incurring extra fees or expenses) and the account is likely to have a limited number of free transfers/transactions. (4). Debentures A type of debt instrument that is not secured by physical asset or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer. Both corporations and governments frequently issue this type of bond in order to secure capital. Like other types of bonds, debentures are documented in an indenture. E.g.: notes payable and commercial paper

(5). Demand Deposits An account from which deposited funds can be withdrawn at any time without any notice to the depository institution. This account allows you to "demand" your money at any time, unlike a term deposit, which cannot be accessed for a predetermined period (the loan's term)