| Key Features | |
|---|---|
| Target Customers | Individuals |
| Profit Mechanism | Monthly profit payments on first day of successive month. |
| Special Offer | No limits on number of Transactions conducted by Customers. |
| Amanat Monthly Saving Account | |
|---|---|
| This is a profit bearing saving account. The product is offered to individual customers so that they could park their savings and earn profit. Tier based profit rates are offered on this product with the aim to increased profit rates on increased savings. There is no limit on number of transactions conducted by the customers. The product will also cater to the needs of customers who want monthly profit payment in their accounts. | |
| Products Features | |
| Target Customers | Individuals |
| Eligibility | Valid ID/Constituent Documents & positive Customer Due Diligence. |
| Profit as of January 2023 | |
| Slabs | Profits Rates |
| PKR 1-100,000 | 11.75% |
| PKR 100,001- 250,000 | 12.25% |
| PKR 250,000-500,000 | 12.75% |
| PKR 500,001- 1,000,000 | 13.75% |
| PKR 1,000,001 & Above | 14.75% |
| Profit Calculation | Profit will be calculated on daily Balance. |
| Profit Payout | Monthly profit payments on first day of successive months. |
| Age Limit | 18 Years & Above |
| Minimum Initial Deposit | Rs.100/ |
| Minimum Balance Requirement | Not Applicable |
| SMS Alert | |
| Account Statement | As per Schedule of Charges |
| Zakat | As per Zakat and Usher Ordinance 1980 |
| Transaction Limit | Not Applicable |
| Cheque Book Charges | As per Schedule of Charges |
| Documents Required | AOF Valid ID Document Income Proof/ Source of Income document Utility Bill (Where required) |
Our team is always at the your service and we look forward to receiving your enquiries. Please feel free to contact us using the details below or send us your email address to receive information about our products and services.
LOLC Microfinance Bank was formerly known as Pak Oman Microfinance Bank Limited (the Bank).The Bank was incorporated on 09 March 2006 as a public limited company under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was licensed by the State Bank of Pakistan (SBP) on 12 April 2006.
UAN:
021-111-115-652
Phone:
+92-21-34300381-85
Registered Office address:
Park View Plaza, Bearing 6300-Near Hotel Royal Palace, Jhelum Road, Chaklala Cantt, Rawalpindi.
The proper handling and protection of personal information is an important social responsibility. As a result, LOLC Microfinance goes above and beyond to ensure that clients’ personal information is used appropriately and protected by industry standard security methods.
