Group Loans

Loans offered to small cultivators through Community Organizations. These loans amount up to PKR 80,000 on group guarantees. They are dependent upon harvest seasons.

Purpose of loan

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

  • Payment for land lease
  • Land leveling
  • Land preparation for cultivation
  • Purchase of diesel fuel
  • Procurement of seeds, fertilizers, pesticides or tube well water
  • Installation of tube wells and turbines
  • Any other activity related to agriculture production
Loan eligibility
  • Upper age of client is limited to 59 years (60 years at the time of maturity).
  • Client should have a valid CNIC.
  • Resident of same district.
Loan durationAs per crop pattern
Repayment optionLump sum on crop harvest
CollateralGroup guarantee
DisbursementTo individual
Interest rate28% annually of declining trend
Fee and chargesAs per SOC

 

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 duration1 to 24 months
Repayment optionLump sum / up to 24 installment
CollateralGroup guarantee
DisbursementTo individual
Interest rate28% annually for lump sum on declining trend and 30% for installment loans on declining trend.
Fee and chargesAs per bank SOC

 

The objective of introduction of women empowerment group loan is to provide financial facilities to working women for income generating activities at their doorstep. By availing the financial facilities, the women shall be able to increase their household income, amongst other thing. Specifications of this product is given below.

Purpose of loan

  • Livestock Activities
Loan eligibility
  • Upper Age of client shall be 59 years. 60 years at the time of maturity. 
  • Should have a valid CNIC.
  • Should be the local resident of same district.
Lending modeGroup Based Lending
Loan duration1 Year
Repayment optionLump sum i.e. bullet
Interest rate28% p.a. on declining balance method
Processing fee
  • Nil up to Loan Amount of Rs. 5,000/-
  • Rs. 100/- for Loan Amount greater than Rs. 5,000/-
Collateral/SecuritySocial Collateral i.e. Group Guarantee
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