Product Description

MEL Loan will cater to urban markets & rural market. Micro enterprises/traders/farmers engaged in production/manufacturing, processing, marketing/selling/trading of goods and services for developing, expanding and managing established/new business activities. May include Business Professionals, Self-employed individuals.

Loan Amount

• Minimum Limit  Rs.150,001/-
• Maximum  Limit Rs.500,000/-

Loan Tenure

01 Months – 12 Months

Repayment Frequency

Monthly, Quarterly, Half-yearly, Yearly or lump sum / bullet

Eligibility Criteria

• 18-63 Years
• Valid CNIC/SNIC/NICOP
• 3 recent passport size photographs of the Customer
• Proof of running business place & ownership
• 02 years’ current business experience
• 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 Biscuit or Gold Ornament

*Loan Insurance

Free Credit Life Insurance (Permanent Disability or Death of Borrower)

*Early Repayment

Allowed

*Terms and Conditions applied