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) * and Enterprise based economic & productive activities only (Other than Livestock)
*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
For New to Bank Customers
- Equal Monthly Installments (EMI)
- Quarterly & Semi-annually.
- Lump sum payment at maturity
For customers graduating from group loans
- EMI only
Collateral
Unsecured
Fard Baraye Qarza
OR
Document reflecting the proof of possession or cultivation
Secured
Hypothecation of stock/ Plant / Machinery / Agri Implements/ any other moveable assets
&
Mortgage of Land/ Building/ or any other immoveable assets/ APB/ PLRA
OR
Mixed secured collaterals (e.g. Gold / TDC / NSC / Vehicle)
External valuation should be carried out where;
• Collateral (property/ plant/ machinery) value is above PKR 3.0 Million, irrespective of loan size.
Note: Above mentioned changes are not applicable on Agri Loans (Development & Production) i.e. loans against Agi Pass Books/ PLRA
Loan Ticket (minimum & maximum)
PKR 25,000 to PKR 350,000
Service charges
33% - 37% APR