Kissan Zarri Taraqiati Loan (KZTL)
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.
| Brand |
Kissan Zarai Taraqyati Loan (KZTL) |
| Target Market | Individual who need finance for following activities. |
| Loan Purpose |
Asset Purchase of Agriculture Implements:
Solar power porject installation for irrigation/water /lighting arrangments for following business:
|
| 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 | As per applicable Schedule of Charges |
| 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. |
