Product Description
Karobar 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).Karobar 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 Eligibility Criteria
- Household annual income less than Rs. 500,000
- Age between 25-58 years (1st loan cycle) 25-60 years (2nd and 3rd loan cycle).
- Business experience of minimum of 2 Years
- Holding valid CNIC
- Not defaulter of any financial institutions & Public Utilities.
- Residing or working in launching cities for at least 2 years
Guarantee
Yes (Any Salaried Person / Business Man).
*Up to five years in case of Demand Finance.
Tenure
- 6 – 12 months (1st Loan Cycle)
- 6- 15 Months (2nd Loan Cycle)
Repayment Options
Equal Monthly Installments
Loan Ticket
PKR- 20,000/- to 100,000/-
Lead Time
3-5 Days
Loan Insurance
Free Loan Insurance in Case of Death / Permanent Disability
Early settlement
Allowed
Note:
Terms & conditions applicable.
