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Product Description: For managing a running business and purchasing new assets having minimum useful life of 1 year.
| Credit Limit: |
PKR 70,001-150,000 |
| Loaning Methodologies: |
Individual Loan |
| Eligibility Criteria: |
- Holding valid CNIC
- Age between 18-60 years
- Not a defaulter of any financial institution
- Annual income (net of business expenses) less than Rs. 500,000
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| Detail of Charges: |
Loan Processing Fee: 2,500
Markup Rate: 22.67% flat rate of loan amount per year |
| Other Services: |
Loan Insurance:In case of death/perminant disability, outstanding loan amount would be settled |
| Guarantee/Collateral: |
Collaterals / Secured Loan |
| Repayment Schedule: |
12 -18 Months |
| Repayment Mode: |
Equal Monthly Installment (EMI) |
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