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.

Loan eligibility
  • Minimum age 18 years and maximum age 60 years (At Loan Maturity)
  • Should have a Valid CNIC
  • Must be a permanent resident of same place from last 3 years.
  • Must have a minimum 3 years agriculture work experience at the same place and same business.
Loan Amount Minimum Loan Amount: Rs.50,000

 

Maximum Loan Amount: Rs.1,000,000

Loan duration Minimum: 3 Months

 

Maximum: 27 Months

Repayment Frequency

Semi Annually / Lump sum

Collateral Up to Loan Amount of Rs.150,000

 

  • Third Party Guarantee

Loan amount Rs.150,001 to Rs.1,000,000​

  • Passbook
  • Registry
  • Rural/Urban Property Documents
  • Hypothecation on Vehicle
  • Gold/Gold Ornaments
Disbursement to Individual farmers having land holding up to 12.5 Acres either own or leased.
Interest rate 28% (Declining)
Fee and charges As per bank SOC
Free Insurance *
  • Free Credit Life Insurance
  • Complementary Hospitalization & Death Insurance up to Rs.20,000/-

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.
Loan eligibility
  • Minimum age 20 Years and Maximum age 60 years (At Loan Maturity).
  • Should have a valid CNIC.
  • Borrower/Farmer having minimum 2 years of experience in livestock business activity.
  • Must have minimum 2 healthy animals / livestock.(Buffaloes/Cows/Bulls) age 1 year and above up to 5 years at the time of submission of application.
  • Borrower must be permanent resident of local district for last 3 years.
Loan Amount Minimum: Rs.50000

 

Maximum: Rs.150000

Loan duration Minimum: 3 Months

 

Maximum: 12 Months

Collateral
  • Hypothecation of Animals
  • Third Party Guarantee
  • Borrower Crossed Cheques
  • Demand Promissory Note
Interest rate 28% (Declining).
Fee and charges As per bank SOC

Insurance

  • Free Credit Life Insurance
  • Complementary Hospitalization & Death Insurance up to Rs.20,000/-
  • Free Livestock insurance of Hypothecated Animals.

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

35% 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
Loan eligibility
  • Minimum age 18 years and maximum age 60 years (At Loan Maturity)
  • Should have a Valid CNIC
  • Must be a permanent resident of same place.
Loan Amount Minimum: Rs.15000

 

Maximum: Rs.150000

Loan duration Maximum Loan Duration is 18 Months.
Loan to Value Loan to gold value will be 70%
Repayment option Lump sum
Collateral Gold/Gold Ornaments
Interest rate

24% p.a. (Declining balance method)

Fee and charges As per bank’s SOC
Free Insurance
  • Free Credit Life Insurance
  • Complementary Hospitalization & Death Insurance up to Rs.20,000/-
  • Customer Gold Insurance

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

Purpose of Loans:

  • Small Enterprise activities
  • Health Expenses
  • Educational Expenses (Own/Children)
  • Renovation of house
  • Children Marriage or other needs.
Loan eligibility Age 18-70, should have a CNIC.
Loan Amount Loan amount up to PKR 150,000
Loan duration Up to 12 Months
Repayment option Equal Monthly Installments
Collateral Pension Books and 12 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 19% 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/-
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