Product Name
Khushhali EasyCash
Product Purpose
Khushhali Easy Cash is a running finance and term finance facility. The running finance category has been designed to serve the short-term financial shortages and increase liquidity for the business. Customers only have to pay interest on the amount actually utilized. The term finance is allowed for all purposes under the micro-enterprise category loans.
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
Acceptable Securities
- Khushhali Term Deposit Certificates
- National Savings Certificates (Defence Saving Certificates, Special Saving Certificates, Regular Income Certificates)
- Lien on deposit
Tenure
Up to 60 months
Repayment Options
- Mark-up repayment in non-checking account
- Utilized Principal payment in checking account
Loan Ticket (minimum & maximum)
PKR 150,000 to PKR 3,000,000
Service Charges
- 25% APR against running finance
- 18% APR against term finance