Individual Agriculture Loans:
Individual agriculture loans play a vital role in supporting farmers, sustaining agricultural production, and promoting food security. Farmers should carefully consider their financial needs, loan terms, and repayment capacity when applying for these loans.
| Loan eligibility | . Age 18-64 Years (at the time of loan Application) . Should have a valid CNIC |
|---|---|
| Loan duration | Maximum 18 Months (Up to PKR 300,000) |
| Repayment option | Equal Monthly Installments from 03 to 18 months |
| Interest rate | 23% p.a. Declining balance method |
| Loan Amount | Up to Rs. 3,00,000/- |
| Collateral | Standard of Share to Loan proportion of 1:5 |
| Fee & Charges | As per society policy of 0.04% of disbursed amount |
| Insurance | Life Insurance for all Loanee’s with minimal insurance premium of 0.05% of disbursed amount. |
Individual Loans Against salary:
A loan against salary, often referred to as a salary loan, this product offered to those individual regular staff of any institutions whose accounts are running with our societysalaried or individuals who are employed and receive a regular salary.
| Loan eligibility | . Age 18-64 Years (at the time of loan Application) . Should have a valid CNIC . |
|---|---|
| Loan duration | Maximum 36 Months |
| Repayment option | Equal Monthly Installments from 03 to 36 months |
| Interest rate | 25% p.a. Declining balance method |
| Loan Amount | Up to Rs. 3,00,000/- |
| Collateral | Standard of Share to Loan proportion of 1:5 |
| Fee & Charges | As per society policy of 0.04% of disbursed amount |
| Insurance | Life Insurance for all Loanee’s with minimal insurance premium of 0.05% of disbursed amount |