Karobar Plus Loan is an ‘Individual Loan’ with acceptable personal guarantee. The loan may be utilized to expand micro-enterprises / small businesses (to meet working capital requirements or purchase of assets).
Rs. 50,000 – Rs. 150,000 for 1st Loan Cycle
Rs. 50,000 – Rs. 350,000 for subsequent loan Cycles
Up to 3 Years
Markup to be paid monthly/quarterly and Principal to be paid at maturity
Business annual income less than Rs. 1,200,000/- (Net of Business Expenses)
Age between 22-60 years (1st loan cycle) 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 in launching cities for at least 1 year in case of owned residence and 2 years in case of rented house
Yes - Mandatory (Any Salaried Person / Business Man).
Up to 3 Years
Markup to be paid monthly/quarterly and Principal to be paid at maturity
Rs.50,000 - Rs. 150,000 for 1st Loan Cycle
Rs.50,000 - Rs. 350,000 for subsequent Loan Cycles
3-5 Days
As per SOBC
Allowed
*Terms & conditions applicable.
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