Livestock loan

Livestock Loans are offered through Community Organizations. They amount up to PKR 80,000 on group guarantees. They are not based on harvest seasons.

Purpose of loan

Livestock loans may be taken for the following purposes but are not limited to these:

  • Livestock fattering
  • Livestock trading
  • Purchase of Milking animals, Goat and sheep farming and any other related to livestock.
Loan eligibility
  • Upper Age of customer shall be 59 years. 60 years at the time of maturity.
  • Markup rate 28% p.a., declining balance method
  • Should have a valid CNIC
  • Resident of local district
Loan duration 1 to 24 months
Repayment option Lump sum / up to 24 installment
Collateral Group guarantee
Disbursement To individual
Interest rate 28% annually for lump sum on declining trend and 30% for installment loans on declining trend.
Fee and charges As per bank SOC

 

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