Agri Loans – Secured

 
Purpose A demand finance facility where the customer’s loan tenure is matched with the harvesting time of his crop for Farm & Non-Farm sectors
Product Nature  Individual Loan/ Joint Loans 
Working Experience: Minimum 2 Years of farming activities
Eligibility Criteria Farmers/tenants/growers having sufficient agriculture knowledge
The applicant shall own at least 1 Acre of land and provide proof of cultivation (Khasra Girdawary) up to 25 Acres.
Net of Business Expenses up to Rs. 12,000,000
Loan Range Rs. 300,000/= to Rs. 500,000/=
Loan Term  
Repayment Loan shall be adjusted lump sum through bullet payment after a year with half yearly markup (working capital Loans)
Development Loans as per Repayment Schedule monthly/quarterly/half yearly Instalments.
Mark-up 34% IRR
Security Social Guarantee
Personal Guarantee of the borrower.
Cross Cheque in favor of POMB from the borrower or Guarantor.
Financed asset shall be insured
Charge on Agri Pass Book
Documents Required CNIC copy of Customer
CNIC Copy of Guarantor(s)
Utility Bill preferably electricity of business place/residence OR any other document proving the ownership
Khasra Gardawari /Field Book copy/Deh Farm VIII-A /Land Verification Letter/Land Revenue Tax Receipt of Last Crop in case of Farm Loans (One of the above).
Khasra Gardawari /Field Book copy/Deh Farm VIII-A /Land Verification Letter/Land Revenue Tax Receipt of Last Crop in case of Farm Loans (One of the above).
Who Can Avail Farmers/tenants/growers having sufficient agriculture knowledge, relevant experience and are engaged in the business of Agriculture with an age between 20-65 years.