Product Name
Khushhali Qarza
Product Type
Individual Loan
Objective:
This product is aimed for the target market/customers engaged in agriculture and enterprise sectors. Maximizing outreach through disseminating and creating awareness of the bank's product/services at the grass roots level in a cost effective manner.
Product Purpose
For Agriculture (including Agri implements)*/Livestock and Enterprise based economic & productive activities only
*Financing will not be allowed for Agri Implements under unsecured category
Loan Eligibility Criteria
- Valid CNIC/ SNIC holder
- CIR of applicant.
- Successful cash flow analysis
- Non-defaulter of KMBL or any other bank
- Positive K-Score/Borrower’s Risk Rating as per Khushhali lending Manual
- Other pre/ post disbursement verification (as applicable)
Tenure
6-18 Months
Repayment Options
- Equal Monthly Installments (EMI)
- Quarterly & Semi-annually.
- Lump sum payment at maturity
Collateral
Secured
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Mortgage (Equitable / MODTD) of Land/ Building or any other immoveable assets/APB/PLRA Charge creation &
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Hypothecation of stock/ Plant / Machinery /Agri or Solar Equipment / Large animal / any other fixed business assets &
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MODTD against original document of Land/ Building. Or
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HPA of Vehicle OR
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Mixed secured collaterals (e.g. Gold/TDC/NSC/Vehicle)
-
PDC
Unsecured
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Personal Guarantee &
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PDC &
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In case of livestock; List of animals owned by applicant
Loan Ticket (minimum & maximum)
PKR 25,000 to PKR 350,000
Service charges
As per SOC, for more information please contact on our helpline 051 111 047 047