Product Description
Entrepreneur involved in Trade, Production, manufacturing, services, agriculture or livestock raising with specific category of business.
Loan Amount
- Minimum Rs.150,001/-
- Maximum Rs.1,000,000/-
Loan Tenure
Up to one year in case of finance for Working Capital.
*Up to five years in case of Demand Finance.
Basic Documentations
- Valid Computerized National Identity Card (CNIC)
- 3 recent passport size photographs of the Customer
- Proof of running business place & ownership
- A copy of latest paid utility bill of business place or residence
- NTN Number / Certificate of the Customer (if available)
Security
The microenterprises loan is offered against any one of the following securities:
- Gold bullion /Ornaments.
- *Against legal and /or equitable mortgage of property.
- *Against lien on Fixed Deposits at the bank.
- *Against pledge of Government securities like DSC, SSC duly discharged in bank’s favor.
- Against Bank’s charge on Agri Pass Book.
- *Life Insurance Policy.
*Not offered yet.
| Product Name | Loan Amount | Tenure | New Markup Rate |
|---|---|---|---|
| Microenterprise Loan | 150,001 - 250,000 | 1 Month - 12 Months | 25% |
| 250,001-500,000 | 23% | ||
| 500,001 - 1,000,000 | 22% |
