Submitted by adminkmbl on Thu, 03/11/2021 - 17:31
Cash Sahulat

Product Name

Khushhali Cash Sahulat

Product Purpose

Khushhali Cash Sahulat is an ‘Individual Loan’ collateralized through a range of acceptable securities. The loan may be utilized to expand micro-enterprises/ small businesses and offers free embedded credit life insurance.

Loan Eligibility Criteria

  • Age: 20 – 63  Years
  • Household annual income up to 1,200,000
  • Business experience of minimum of 2 Years
  • NADRA CNIC/ SNIC  holder
  • Not defaulter of KMBL or other banks

Acceptable Securities

  • Gold ornaments/ bars as evaluated by Khushhali bank’s approved goldsmith (18 carat or above)
  • Khushhali Term Deposit Certificates
  • National Savings Certificates (Defence Saving Certificates, Special Saving Certificates, Regular Income Certificates)
  • Agriculture Passbook

Tenure

3 - 18 months

Repayment Options

  • Lump-Sum payment at the end of the loan period
  • Equal Monthly Installments
  • Monthly markup & principal at maturity

Loan Ticket  (Minimum & Maximum)

PKR. 25,000 to 150,000/-

Service charges

25% APR against gold

27% APR against Agriculture passbook

15% APR against KMBL TDCs