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Product Description: The loan is disbursed to enhance the business and fulfill the requirement of investment for a business.
| Credit Limit: |
PKR 30,000 - 50,000 |
| Loaning Methodologies: |
Group Lending
Group Size: 3 to 5 Members |
| Eligibility Criteria: |
- Age between 25-60 years
- Holding valid CNIC
- 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: 3.25% of Loan Amount
Markup Rate: 22.67% flat rate of loan amount per year |
| Other Services: |
Loan Insurance: In case of death/permenant disability, outstanding loan amount would be settled |
| Guarantee/Collateral: |
Mutual guarantee by group members |
| Repayment Schedule: |
12 Months |
| Repayment Mode: |
Equal Monthly Installment (EMI) |
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