Product Name
Khushhali Livestock Loan
Product Purpose
- Purchase of new animal(s) for fattening, breeding and milking (covered under SBP’s LISB Scheme)
- Feed rising & veterinary expenses, purchase & plantation of animal feed lots, purchase of feed grinders, tokas, feed mixing machines & feed or milk containers, utensils for animal’s feeding
Loan Eligibility Criteria
- Age: 20– 63 years
- Age of animal to be purchase must be between 9 months and 7 years
- Minimum 2 year experience of livestock keeping/ handling
- Having at least 1 animal
- NADRA CNIC/ SNIC/ NICOP holder
Tenure
3- 24 months for fattening
Repayment Options
- Equal Monthly Installments (EMI)
- Quarterly & Semi-annually
- Lump sum payment at maturity
Collateral
Unsecured
Fard Baraye Qarza
OR
Document reflecting the proof of possession or cultivation
Secured
Letter of Hypothecation duly signed by the borrower (CAD-052) Mandatory
&
APB / PLRA (only in Punjab)
Loan Ticket (minimum & maximum)
PKR 25,000 to PKR 350,000
Service Charges
37% APR