Livestock Individual Loan
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.
| 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). |
|
Loan Amount
Loan Duration |
- Minimum Loan Amount: Rs. 30,000/- - Maximum Loan Amount: Rs.150,000/- Mini 3 months & Max-12 Months |
| Age of Borrower |
- Minimum age: 20 Years - Maximum age: 63 Years at the time of loan booking |
| Loan Processing Fee | As per applicable Schedule of Charges. |
|
Mark Up Rate |
As per applicable Schedule of Charges. |
| 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 |
Free Credit Life insurance |
