Submitted by adminkmbl on Thu, 03/11/2021 - 17:33
Banner Eng

Product Name

Khushhali Qarza 

Product Type

Individual Loan

Objective:

This product is aimed for the target market/customers engaged in agriculture and enterprise sectors. Maximizing outreach through disseminating and creating awareness of the bank's product/services at the grass roots level in a cost effective manner.  

Product Purpose

For agriculture and enterprise based economic & productive activities only (Other than Livestock and Agri implements)

Loan Eligibility Criteria

  • Age: 20– 63 years
  • Minimum KMBL relationship of 3 cycles (not less than 24 months)
  • Previous loan of KMBL to be either fully settled or only accrued mark-up to be paid till date
  • Permanent resident of the locality for 2 years
  • NADRA CNIC/ SNIC/ NICOP holder
  • 2 years experience

Tenure

6-18 Months

Repayment Options

  • Monthly/ Quarterly/ Semiannual Installment
  • Periodic SC and principal at maturity
  • Bullet (PA and SC on maturity)

Collateral

  • PG/DP Note
  • Fard Baraye Qarza/Property Papers
  • Hypothecation /Pledge
  • Marking on Property 

Loan Ticket  (minimum & maximum)

PKR 50,000 to PKR 350,000

Service charges

30% - 36% APR