Freelancer Loan | Loans | Mobilink Microfinance Bank - Pakistan's Largest Digital Bank

EN UR

Listening...

Speak Now...

Product Description

Introducing freelancer loan - A loan that works as hard as you do

Loan Ticket

Rs. 50,000/- to Rs 150,000 (First Cycle in case of Guarantor)

Rs. 50,000/- to Rs. 500,000/- (Next Cycles In case of Guarantor)

Rs. 50,000 to 5,000,000/- (In case of Collateral)

Loan Tenure

Up to 5 Years

Repayment Options

Markup to be paid monthly/quarterly and Principal to be paid at maturity

Business annual income less than Rs. 1,500,000/- (Net of Business Expenses)
Age: 18-64 years (Age at Maturity of Loan should not exceed 72 Years in case of collateral and 70 in case of guarantor)
Business experience of minimum of 2 Years
Holding valid CNIC/SNIC
Not defaulter of any financial institutions & Public Utilities.
Residing in launching cities for at least 1 year in case of owned residence and 2 years in case of rented house
Customer’s monthly installment should not be more than 50% of the Monthly Income / Take – Home Salary of Guarantor
Household annual income less than Rs. 1,500,000/- (Net of business expenses) – for Loans up to Rs 500,000

Yes - Mandatory (Any Salaried Person / Business Man).

For loans up to PKR 500,000: Tenure ranges from 6 to 18 months
For loans above PKR 500,000 up to PKR 5,000,000: Tenure options range from 6 to 60 months, available in intervals of 6, 12, 18, 24, 30, 36, 48, and 60 months

Markup to be paid monthly/quarterly and Principal to be paid at maturity

Rs. 50,000/- to Rs 150,000 (First Cycle in case of Guarantor)
Rs. 50,000/- to Rs. 500,000/- (Next Cycles In case of Guarantor)
Rs. 50,000 to 5,000,000/- (In case of Collateral)

3-5 Days

As per SOBC

Allowed

*Terms & conditions applicable.

Customer CIR or Data Check Report
Loan Application Form (properly filled) with customer cash flows
Copy of valid Computerized National Identity Card (CNIC) or Smart CNIC
1 recent passport size photograph of the Customer
Valid rental agreement for business
Franchise agreement
Documentation for provided collateral

For complete Product Pricing Structure, please click here.

Explore More

Solar Loan

Solar loans offer affordable, eco-friendly energy solutions for Pakistani homes,…

E Bike Loan

Take the first step towards a greener and more aﬀordable transportation solution.…

Salary Pension Loan

Take better control of your finances with inclusive loans

Karobar Plus Loan

Agri Plus Loan

Agri Plus Loan is being launched to cater the financing needs of the following…

Running Finance Loan

Meet the financial needs of your businesses

Bint-e-Hawwa Loan

An account for Female Micro Entrepreneurs and small businesses owners.

School Loan

Help meet your schools’ financial needs.

Khushhal Kissaan Value Chain Loan

For the farmer in you to cover purchase cost of agriculture inputs.

Commercial Vehicle Loan

Get a new or used local commercial vehicle for business use.

Tractor Loan

Purchase your Tractors easily.

Passbook Loan

For the micro entrepreneurs in you to fulfill your farming needs.

House Loan

Finance the house of your dreams into existence.

Livestock Loan

Finance breeding, milking, rearing and fattening of new animals with MMBL.

Fori Cash Loan

Loans of up to PKR 350K against Gold if you have a running business.

Khushhal Kissaan Loan

For the farmer in you to cover purchase cost of agriculture inputs.

Karobar Loan

The perfect loan for you to expand your small business.

Microenterprise Loan

Loans of up to PKR 5M against Gold if you have a running business.