Fori Cash Loan is offered against Gold/Gold Ornaments to cater the needs of individuals having ownership of a running business in the following economic sectors:
- Trade / Production / Manufacturing / Services / Agriculture / Live Stock etc.
Further, Self-employed professionals or Salaried Individuals having verifiable SOI can also avail financing under this product subject to fulfilling other eligibility criteria and documentation.
- Minimum Rs.25,000/-
- Maximum Rs.350,000/-
Up to 12 Months
- Minimum 2 years’ experience of running business
- For salaried: 1-year permanent employment status with current employer
- Self Employed Persons: 1-year
- Income Net of Business expenses Rs. 1,200,000
- Age between 25-58 years (1st loan cycle) 25-60 years (2nd and 3rd loan cycle).
- Residing or working in launching cities for at least 2 years
- Copy of Valid Computerized National Identity Card (CNIC), SNIC.
- 01 recent passport size photographs of the Customer
- Proof of running business place & ownership
- Satisfactory Cash Flow
- 3 Months Salary Slip duly attested by Employer (in case of Salary Class)
- 6 Months Bank Statement duly attested by relevant bank
- Not defaulter of any financial institution
- Latest filed Tax Returns if annual income (net of business expenses) exceeds Rs. 600,000/-
- Gold/Gold Ornaments
- As per Latest SOC
*Terms & conditions applicable.