Live Stock Loan | https://www.mobilinkbank.com/

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.

Minimum Loan

Rs.50,000/-

Initial Maximum Loan

Rs.100,000/-

Loan Tenure

6 Months, 9 Months & 12 Months

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

Co-Signer (within the family) / Guarantor (Outside the family) in Insured animals
Only Guarantor in other Animals

PKR.50,000

PKR.100,000

PKR.350,000

6 Months, 9 Months & 12 Months

EMI / Quarterly / Half Yearly / Bullet (as per cash flow of the borrower)

Local/Imported buffalo, cows, bulls in the age range 9 months to 7 years

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: Sum assured will cover principal plus accrued markup till maturity date

As per SOC

*Terms & conditions applicable.