Livestock Individual Loan (LVSA)

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)

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