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

Asset Purchase of Agriculture Implements

  • Tractor
  • Laser level
  • Chisel plough
  • Rotavator
  • Cultivator
  • Ridger
  • Planker
  • Drill machine
  • Reaper
  • Harrow
  • Disc Plough
  • Trolley
  • Thresher
  • Irrigation tube well/turbine
  • Peter Engine
  • Lining of water channel

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

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 AmountMinimum Loan Amount: Rs.50,000

 

Maximum Loan Amount: Rs.500,000

Loan durationMinimum: 3 Months

 

Maximum: 24 Months

Repayment FrequencyMonthly, Quarterly, Semi Annually and Annually.
CollateralUp to Loan Amount of Rs.100,000

 

  • Third Party Guarantee

Up to Loan Amount of Rs.500,000

  • Passbook
  • Registry
  • Rural/Urban Property Documents
  • Hypothecation on Vehicle
  • Gold/Gold Ornaments
Disbursement toIndividual farmers having land holding up to 12.5 Acres either own or leased.
Interest rate28% (Declining)
Fee and chargesAs per bank SOC
Free Insurance *
  • Free Credit Life Insurance
  • Free Medical Insurance (For Borrower and spouse 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 AmountMinimum: Rs.50000

 

Maximum: Rs.150000

Loan durationMinimum: 3 Months

 

Maximum: 12 Months

Collateral
  • Hypothecation of Animals
  • Third Party Guarantor
  • Borrower Crossed Cheques
Interest rate28% (Declining).
Fee and chargesAs per bank SOC
Fee and charges
  • Free Credit Life Insurance
  • Free Medical Insurance (For Borrower and spouse up to Rs.20,000)

Loans up to PKR 150,000 are disbursed on individual on two personal guaranties.

Purpose of loan

  • Setting up small business & trading,
  • Purchase of animal driven carts,
  • Tea stalls and selling of fruit and vegetable etc.
Loan eligibilityAge 18-60, should have a CNIC.
Loan duration1 Year
Repayment option12 Equally installments
Interest rate20% Flat

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 AmountMinimum: Rs.15000

 

Maximum: Rs.150000

Loan durationMaximum Loan Duration is 18 Months.
Loan to ValueLoan to gold value will be 70%
Repayment optionLump sum
CollateralGold/Gold Ornaments
Interest rate24% (Declining)
Fee and chargesAs per bank’s SOC
Free Insurance
  • Free Credit Life Insurance
  • Free Medical Insurance (For Borrower and spouse up to Rs.20,000)
  • Customer Gold Insurance

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

Purpose of Loans:

  • To meet emergency expenses
  • Renovation of House
  • Education/Marriage of Childern
Loan eligibilityAge 18-70, should have a CNIC.
Loan AmountLoan amount up to PKR 150,000
Loan durationUp to 12 Months
Repayment optionEqual Monthly Installments
CollateralPension Books and 12 Post Dated Cheques in case of salary
DisbursementLoan is credited into the account of the customer to make ultimate utilization much secure.
Markup rate19% p.a and subject to change with policy amendments through circulars from time to time.
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