Product Name
Khushhali EasyCash
Product Purpose
Khushhali Easy Cash is a running finance facility which has been designed to serve the revolving credit needs of customers. This running finance facility provides freedom and flexibility; ensuring that cash is always available for urgent and short-term business needs, through a simple and trouble free procedure that provides competitive mark-up rates and superior services and benefits. Customers only have to pay interest on the amount actually utilized.
Loan Eligibility Criteria
- Valid CNIC/SNIC holder
- Age: 20 years and above
- Individuals: Self-employed, SME owners, Salaried (with alternate business)
- KMBL customers having TDC/ Current/ Saving accounts
- National/ Defense Savings certificate holders
Tenure
≤ 60 months. Renewal option at the end of the tenure.
Repayment Options
- Mark-up repayment in non-checking account
- Utilized Principal payment in checking account
Collateral
KMBL TDC (individual), National Savings Certificates, CA/SA Lien marked deposit
Loan Ticket (minimum & maximum)
PKR 150,000 to PKR 1,000,000
Service Charges
- 25% APR
- Loan / Facility Processing Fee PKR 1,500