Individual Loans

Loan for individuals who require working capital/funds to finance the below mentioned activities and are able to provide land, vehicle or gold ornaments as security to the bank.

Purpose of loan

Agricultural Development:

Solar Power Plant for Tube well/Turbine, Tractor, Trolley, Laser Level, Rotavator or purchasing of any other agricultural equipment.

Agriculture Production:

Working Capital for purchase of Crop Inputs i.e. seeds, fertilizers etc.

       Parameters                                                    Features

Brand

Kissan Zarai Taraqyati Loan (KZTL)

Target Market Individual who need finance for following activities.
Loan Purpose

Asset Purchase of Agriculture Implements:

Tractor                                Irrigation tube well/turbine

Reaper                                Cultivator

Lining of water channel     Chisel plough

Ridger                                 Disc Plough Drill machine .Planker

Thresher                              Rotavator

Laser level                          Trolley

Harrow                                Lining of water channel

Drill machine                      Peter Engine

olar power porject installation for irrigation/water /lighting arrangments for following business:

Agriculture                                           Poultry forming

Livestok froming Fishries forming      Other MSME Business

Working Capital Loan for Purchase of Crop Inputs (Up to PKR 150,000)

Business Experience

Three Years

Income Level Annual income (net of business expenses) of PKR 500,000/ or less. (i.e. PKR 41,666/ per month as per Prudential Regulations for MF Banks will be eligible for Annual income (net of Business expenses) PKR 500,000/ for loan amount greater than 150,000/-
Loan Amount

Minimum Loan Amount Rs, 80,000/-

Maximum Loan Amount: Rs.1000,000/-

Loan Duration Minimum Loan Duration: 3 Months Maximum 36.
Mark Up Rate 30% Decline
Repayment Frequency

Monthly                  (Having montly income)

Sami-annul             (Having sami-annual incorme from crop etc)

Lump-sum/Bullet   (Having bullet income from crop etc

Loan Processing Time (TAT) 7 days from completion of required documents.
Types of Collateral/Security

Lien on Agri Pass Book

Hypothecation on Vehicle

Gold/Gold Ornaments

Urban Rural Registered Property

Guarantee Letter

Post Dated Cheques                       (Common Document)

Demand Promissory Note              (Common Document)

Early Closure Allowed and Markup will be charged on loan utilized period only.
Late Payment Penalty Zero
CIB and NADRA Check The Bank does NADRA check and ECIB check on all customers.

Purpose of loan

Livestock Fattening/Rearing/ Slaughtering
Dairy Farming
Any other relevant activities including followings.

  • Plantation of animal fodder and feeds, chopper machine.
  • Vaccinations, vitamins and other medications for animals.
  • Construction or procurement of permanent sheds, water tanks, water pumps, & generators.

    Parameters                                                           Features

Brand

Livestock Individual Loan (LVSA)

Target Market Who is involved in livestock business having minimum 2 years experience & need the nance for livestock business activities includingfollowings & Should not be defaulter of any bank/MFIs/MFBs.
Loan Purpose

Livestock Fattening/Rearing/ Slaughtering

- Dairy Farming - For fattening of existing animals

- Any other relevant activities including followings.

     i. Plantation of animal fodder and feeds, chopper machine.

     ii. Vaccinations, vitamins and other medications for animals.

     iii. Construction or procurement of permanent sheds, water tanks, water pumps, & generators).

Income Level

Loan Amount

 

Loan Duration

Annual income (net of business expenses) of PKR 500,000/ or less. (i.e. PKR 41,666/ per month as per Prudential Regulations for MF Banks will be:

- Minimum Loan Amount: Rs. 50,000/-

- Maximum Loan Amount: Rs.150,000/-

Mini 3 months & Max-12 Months

Age of Borrower

- Minimum age: 20 Years

- Maximum age: 60 Years

Loan Processing Fee 2,000 or 1.5% of loan amount (whichever is higher)

Mark Up Rate

31% Decline

Repayment Frequency

Monthly                      (Having montly income)

Sami-annul                 (Having sami-annual incorme)

Lump-sum/Bullet        (Having bullet income)

(TAT) 5 days from completion of required documents
Early Closure Allowed and Markup will be charged on loan utilized period only.
Late Payment Penalty Zero
CIB & NADRA Check The Bank does NADRA check and ECIB check on all customers
Documentations

Loan Application Form

CNIC

One Recent Photograph of Customer

Post Dated Cheques

Promissory Note

Bank Account in NRSP Branch

Afidavit

Animal hypothecation letter

Animal Pics

Animal fitness certificate

Collateral

Additional Document in case of third Party Guarantee/PG

One passport size photograph of 3rd Party Guarantor

One valid CNIC copy of 3rd Party Guarantor

3rd Party’s Personal Guarantee Letter (on PKR 100 Stamp Paper)

Guarantor eligibility Criteria

Should not be defaulter of any bank/MFIs/MFBs ·

Should not be borrower of NRSP MFBL ·

Age should not be less than 20 Years and should not be more than 65 years ·

Should be good reputed ·

Should be farmer/Shopkeeper/Govt. servant/Livestock business holder/ Person having good capacity.

Collateral Management All collaterals/Security Documents will be maintaind by BOM in collateral Safe as per collateral management SOP.
Free-Insurance

Medical insurance of Customer & spouse upto Rs:20,000/-

Credit Life insurance ( in case of client death outstanding loan amount will be waive off)

Micro Enterprise Loan (MEL) offers low income and poor entrepreneurs an opportunity to borrow funds for financing of their working capital needs as well as finance business expansion in a hassle-free manner. 

Purpose of loan

  • Financing daily business activity / working capital needs.
  • Funding purchase of fixed assets / machinery / equipment.
Loan eligibility
  • Age 20-60 Years (at the time of loan maturity)
  • Should have a valid CNIC
Loan duration
  • Minimum 3 Months
  • Maximum 12 Months (Up to PKR 100,000)
  • Maximum 18 Months (above PKR 100,000)
Repayment option

Equal Monthly Installments

Interest rate

37% p.a. declining balance method

Loan Amount Up to Rs. 150,000/-
Collateral Third Party Guarantee
Fee & Charges As per Bank’s SOC
Insurance
  • Free Credit Life Insurance
  • Complementary Hospitalization & Death Insurance up to Rs.20,000/-

Loans for individuals who need working capital to finance the below mentioned activities and are able to provide gold or gold ornaments (except Mala) as security to pledge the same with the bank.

Purpose of loan

  • Agriculture
  • Livestock
  • Small Business & Enterprise
  • Start up Business
  • Asset Purchase
  • House Renovation/Repair & Maintenance
  • Domestic Needs/Emergency Loans
  • Education
  • Health
  • Marriage
  • Any Other Legal Activity

    Parameters                                                           Features

Brand

Aasan Sarmaya_Loan (ASL-Gold loan)

Basic Arrangments

- Penal of 3 sheroff to be established by Branch through agreement

- Gold insurance arrangments will be ensured by head office based on request of respective branch

Target Market

Individuals who need to finance the following activities/purpose & having Gold/Gold ornaments except “Mala” as Collateral

Residency

Customer must either be a permanent resident of the locality or residing / working at the same place.

Loan Purpose

Asset Purchase of Agriculture Implements

- Agriculture

- Livestock

- Small Business & Enterprise

- Start up Business

- Asset Purchase

- House Renovation/Repair & Maintenance

- Domestic Needs/Emergency Loans

- Any Other Legal income generating/business Activity

Income Level Annual income of the applicant should not exceed Rs. 500,000/- for loan amount upto Rs:150,000/- or as set by SBP from time to time.
Loan Amount

- Minimum Loan Amount: Rs.15000/-

- Maximum Loan Amount: Rs.500,000/-

Loan amount more than Rs:150,000 would be oered for income generating/business activities with proper appraisal made by respective loan ocer however, loan process ow will remain same under Gold loan Product.

Loan Duration

Loan Duration: 12 Months.

Age of Borrower

Minimum age: 18 Years Maximum age: 60 Years

Eligibility Not defaulter of NRSP BANK & other institutions
Loan Processing Fee 1,000 or 2% of loan amount (whichever is higher)
Mark Up Rate 24% Decline
Repayment Frequency Lump sum/bullet
Loan Processing Time (TAT)

Minimum 1 day & Maximum Two Days after completion of Loan Documentation

Early Closure

Allowed and Markup will be charged on loan utilized period only.

Late Payment Penalty

Zero

Potential resource Market Gold Smith ,existing Market,Competitor Market,National Bank & Gold Smith linked with National Bank
CIB and NADRA Check

The Bank does NADRA check and ECIB check on all customers and Applicant must hold valid CNIC and should not be defaulter of any bank/Financial Institutions.

Documentations

 

Collateral/Security

Loan application form duly filled and signed

- Customer’s CNIC Copy

- One Recent Photograph of Customer

- Authorization form

- Bank Account in NRSP Branch

- ShroffValuation Certificate

- Letter of Pledger and Gold Insurance (Adhasive Tickets with value of Rs:100)

- Demand Promissory Note (Revenue Tickets with the value of Rs:50)

- Gold/Gold Ornaments

Loan to Gold Value Minimum loan to gold value will be 30%. (e.g. If gold value is PKR 100,000, then loan amount should not be less than PKR 30,000). Maximum loan to gold value will be 70%.
Quality of Gold Ornaments Quality of gold/gold ornaments will be evaluated and verified by branch panel shroff and Valuation of gold ornaments must be based on the true weight of the pure gold 99% fitness excluding the weight of all other material such as stings,stones, lace, alloy, fastenings and value of gold at the prevailing market price.
Gold Valuation Charges

Rs:300/- upto loan amount Rs:50,000/-

Rs:500/- in case of Loan amount more than Rs:50,000/-

Collateral management Pledged Gold/Gold ornaments along with Shroff Certificate & Insurance letter will be maintained in fire proof Safe by BOM
Free-Insurance facilities

Gold insurance

Medical insurance of Customer & spouse upto Rs:20,000/- Credit Life insurance ( in case of client death outstanding loan amount will be waive off)

Individuals who need funds against their salary or pension to meet various emergency needs.

Purpose of Loans:

  • Small Enterprise activities
  • Health Expenses
Loan eligibility Age 18-70, should have a CNIC.
Loan Amount Loan amount up to PKR 150,000
Loan duration Up to 18 Months
Repayment option Equal Monthly Installments
Collateral Pension Books and Post Dated Cheques in case of salary
Disbursement Loan is credited into the account of the customer to make ultimate utilization much secure.
Markup rate 32% p.a. and subject to change with policy amendments through circulars from time to time.
Insurance
  • Free Credit Life Insurance
  • Complementary Hospitalization & Death Insurance up to Rs.20,000/-

  Parameters                                                           Features

Brand

Livestock Karobar Loan Scheme (LKLS) & Secured

Target Market

Individuals/Small formers having livestock business in line with existing animal’s unit criteria as sepcified below:

Type of Animals:              Age of Animals:                Allocated units for one animal:

  • Buffalo/Bull/Cow            <01 year                                      0.50
  • Buffalo/Bull/Cow            >01 to 5 years                             1.00
  • Sheep/Goat                    < 09 M                                        0.050
  • Sheep/Goat                    >09 M                                         0.100

Note: Should have minimum 4 units to avail the loan.

Loan Purpose

Purchase of animals for fattening (Buffalos/Cows/Bulls)

Fattening of existing animals (Buffalos/Cows/Bulls)

Renovation/expansion in livestock relevant business activities including followings.

i. Plantation of animal fodder and feeds, chopper machine

ii. Vaccinations, vitamins and other medications for animals.

iii. Construction or procurement of permanent sheds, water tanks, water pumps, & generators etc).

Income Level

Annual income (net of business expenses) more than PKR 500,000/

Note: Loan Amount cannot be more than 70% of calculated net income.

Loan Amount

Minimum Loan Amount: Rs.150,001/-

Maximum Loan Amount: Rs. 500,000/-

Loan Duration

Mini 3 months & Max-15 Months

Note: However, Financing period for bullet loans will be observed under 12 months.

Repayment Frequency

- Lump-sum/Bullet

- Semi-annual

(Loan maturity in all cases (Bullet/Sami-annual) will be linked with Eid-ul-Adha observing grace period at least 20 days or with crop pattern as May, Oct, Nov & Dec, of year)

Age of Borrower

Mini 18 to Max 60 Years

Loan Processing Fee

1.3% (Including FED) of loan amount

Mark Up Rate 31% Decline
Loan Processing Time (TAT) 5 days from completion of required documents.
Basic Arrangements

DVM should be on bank panel to evaluate the animal units.

Basic arrangements i.e Fooder,water pump,shed and reasonable place for animals

Types of Collateral/Security

Lien on Land (Agriculture/commercial property) 

  • Max Loan Limit:Rs:500,000

Hypothecation on Vehicle (Vehicle age can not be more than 15 Years.

  • Max Loan Limit:Rs:500,000

Gold/Gold Ornaments

  • Max Loan Limit:Rs:500,000

Personal Guarantee

  • Max Loan Limit:Rs:200,000

Letter of animal's Hypothecation (Mandatory)

Post Dated Cheques (Mandatory Document)

Demand Promissory Note (Mandatory Document)

Early Closure

Allowed and Markup will be charged on loan utilized period only.

Late Payment Penalty

Zero

Legal Charges

To be borne by the Borrower

Operating Radius of Branch Loan can be appraised within 30 KM redius as onion pattern
CIB and NADRA Check

The Bank does NADRA check and ECIB check on all customers.

Documentations

Loan application form (Annexur A. )

  • Copy of valid & Photograph
  • NRSP Bank Account
  • Demand Promissory Note (Annexur B. )
  • Hypothecation of animals in favor of NRSP Bank. (Annexur C. )
  • Animal health certicate (Applicable for insurance- (Annexur D. )
  • Hypothecated /Insured animals Pic 
  • Postdated Cheques equal to installments
  • Afidavit to authorize Bank for custody and presenting of PDCs for installment / bullet loan settlement. (Annex.E.)
Collateral/Security Documents

Additional Documents in case of Land as Collateral

  • Register/ Land Passbook (Green Copy in case of agriculture land)
  • Mutation Deed - Revenue Schedule Value
  • Zer Baar Certicate (Annexur H. )
  • Certificate of Creation of Charge (Annexur I. )
  • Fard Malkiat

Additional Documents in case of Vehicle as Collateral

  • Original Registration Book
  • Original File
  • Deed of Pledge (on PKR 100 Stamp Paper) (Annexur J. )
  • Open Transfer Deed / Letter (on PKR 100 Stamp Paper) in favour of NRSP MFBL (Annexur K. )
  • Vehicle Appraisal Form in favour of Borrower (Annexur L. )

Note: In case of not registration in the favor of Borrower then borrower have to provide the transfer deed/letter from Previous owner as per registration book

Additional Document in case of Gold as Collateral

  • Gold / Gold Ornaments
  • Letter of Pledge (on PKR 100 Stamp Paper) (Annexur M. )
  • Shroff Assessment Certificate approved by panel – Shroff(AnnexurN. )

3rd Party Guarantee:

  • One passport size latest photograph of 3rd Party Guarantor
  • One valid CNIC copy of 3rd Party Guarantor
  • 3rd Party’s Personal Guarantee Letter (Annexur F. )
Collateral Management All collaterals/Security Documents will be maintaind by BOM in collateral Safe.
Animal Tagging

Insured animals will be tagged & hypothecated by respective RO.

Free-Insurance

 Medical insurance of Customer & spouse upto Rs:20,000/-

Hypothecated animal insurance ( in case of insured animal death than outstanding loan amount will be waive off)

Credit Life insurance ( in case of client death than outstanding loan amount will be waive off)

Post verification

RO shall visit the borrower’s business place on Quarter basis

Authorized Branches Bahawalpur,Basti Malook,Bahawalnagar,Ahmadpur,Minchanabad,Sahiwal,Chowkazam, Jatoi,Khangarah,Qasba,Sanawan,Kotsultan,Hasilpur & Maroot
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