Product Description
Livestock loan is a financial facility for bank’s target market Involved in breeding, milking, rearing and fattening of new animals i.e. Cow, Buffalo and Bulls only.
Loan Eligibility Criteria
- Household annual income less than Rs. 1,200,000/- (Net of business expenses)
- Age between 18-60 years (1st loan cycle) and Maximum 63 years (for subsequent loan cycle).
- Business experience of minimum of 2 Years
- Holding valid CNIC/SNIC
- Not defaulter of any financial institutions & Public Utilities.
- Residing or working in launching cities for at least 1 year in case of owned residence or Min. 02 years
Guarantee
- Co-Signer (within the family) / Guarantor (Outside the family) in Insured animals
- Only Guarantor in other Animals
Minimum Loan
PKR.50,000
Initial Maximum Loan
PKR.100,000
Maximum Exposure
PKR.350,000
Loan Tenure
- 6 Months, 9 Months & 12 Months
Repayment Mode
EMI / Quarterly / Half Yearly / Bullet (as per cash flow of the borrower)
Animals Covered
Local/Imported buffalo, cows, bulls in the age range 9 months to 7 years
Insurance
- Free Credit Life Insurance – Applicable on permanent disability and death of borrower.
- Free livestock insurance
Note: Sum assured will cover principal plus accrued markup till maturity date
Note:
Note: Sum assured will cover principal plus accrued markup till maturity date
Pricing
As per SOC
Note:
*Terms & conditions applicable.
