Product Name
Khushhali Sarmaya (Micro Enterprise Lending)
Product Purpose
Khushhali Sarmaya is offered to micro-entrepreneurs (small business owners). The loan can be used for purchase of raw materials/ finished goods/ stocks/inventory and to enhance production of goods & services. This loan facility can help small businesses get credit for operating assets to help them generate more income.
Loan Eligibility Criteria
- Age: 22 – 60 years
-
Applicant must be micro-entrepreneurs as defined in the Prudential Regulations for Microfinance Banks
- Minimum business experience of 2 years
- NADRA CNIC/ SNIC holder
- Must have good credit history
Tenure
- 6 – 36 months
Repayment Options
Equal Monthly Installments
Collateral
Secured
Hypothecation of business stock/Plant/Machinery/any other moveable business assets
&
Mortgage (Registered or Equitable) of Land/APB/Building
OR
Mixed secured collaterals (e.g. Gold/TDC/NSC)
OR
HPA with Original documents of vehicle retained at branch
Unsecured
Document reflecting the proof of Business possession (Copy of Rental Agreement/ Title Documents/Fard etc.)
&
Guarantor for loans above 150,000
Loan Ticket (minimum and maximum)
PKR 350,001 to PKR 1,000,000
Service charges
- As per SOC, for more information please contact on our helpline 051 111 047 047