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Product Description

An individual loan solution with flexible terms and acceptable personal guarantee, tailored for micro-enterprises and small businesses. Use the loan to expand your business operations, whether to meet working capital needs or to finance asset purchases and unlock growth opportunities with Karobar Plus Loan.

Loan Ticket

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

Rs.50,000/- to Rs 500,000/- ( Next Cycle in case of Gurantor)

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)

  • Customers Monthly Installment should not be more than 50% of the monthly home salary of household annual income less than Rs. 1,500,000/- ( Net of Business Expense)

  • Age between 18-64 years ( should not exceed 72 years upon maturity of the loan and 70 in case of gurantor)

  • 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).

  • 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 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 Gurantor)

  • Rs.50,000/- to Rs 500,000/- ( Next Cycle in case of Gurantor)

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.

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