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