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 and enterprise based economic & productive activities only (Other than Livestock and Agri implements)
Loan Eligibility Criteria
- Age: 20– 63 years
- Minimum KMBL relationship of 3 cycles (not less than 24 months)
- Previous loan of KMBL to be either fully settled or only accrued mark-up to be paid till date
- Permanent resident of the locality for 2 years
- NADRA CNIC/ SNIC/ NICOP holder
- 2 years experience
Tenure
6-18 Months
Repayment Options
- Monthly/ Quarterly/ Semiannual Installment
- Periodic SC and principal at maturity
- Bullet (PA and SC on maturity)
Collateral
- PG/DP Note
- Fard Baraye Qarza/Property Papers
- Hypothecation /Pledge
- Marking on Property
Loan Ticket (minimum & maximum)
PKR 25,000 to PKR 350,000
Service charges
30% - 36% APR