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Product Description

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).

Loan Ticket

Rs. 50,000 – Rs. 150,000 for 1st Loan Cycle

Rs. 50,000 – Rs. 350,000 for subsequent loan Cycles

Loan Tenure

Up to 3 Years

Repayment Options

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.

For complete Product Pricing Structure, please click here.

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