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: Tractor Irrigation tube well/turbine Reaper Cultivator Lining of water channel Chisel plough Ridger Disc Plough Drill machine .Planker Thresher Rotavator Laser level Trolley Harrow Lining of water channel Drill machine Peter Engine olar power porject installation for irrigation/water /lighting arrangments for following business: Agriculture Poultry forming Livestok froming Fishries forming Other MSME Business Working Capital Loan for Purchase of Crop Inputs (Up to PKR 150,000) |
| 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 | 33% Decline |
| 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. |
