| Products Description | |
|---|---|
| Purpose | Salary Loan shall be extended to individual for Self-Consumption/ Emergency use/ Asset acquisition/ any other personal use. |
| Product Nature | Individual Loan |
| Working Experience: | Minimum 2 Years with a reputed organization |
| Eligibility Criteria | Annual Income is up to Rs. 1,200,000 (net of all deductions). |
| Loan Range | Upto Rs. 350,000 |
| Loan Term | 06 to 24 Months |
| Repayment | Equal Monthly Instalments (EMI) |
| Security | Maximum two Guarantors/Personal Guarantees OR Pledge of Asset OR Original Deed OR Vehicle Registration book. For Loan Amount of Rs. 100,000 one guarantor and for loan amount exceeding Rs. 100,000 at least two guarantors are required 02 Post-dated cheques in favour of “Pak Oman Microfinance Bank Limited” equal to loan amount |
| Documents Required | CNIC copy of Customer & Next of Kin CNIC Copy of Guarantor(s) Salary Slip Utility Bill preferably electricity of business place/residence OR any other document proving the ownership |
| Who Can Avail | Anyone who is a permanent employee of a reputed organization for the last 2 years (minimum) within the age bracket of 22 – 57* years *(Maturity of loan should coincide with the 57th birthday of the customer). |
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(the Bank).The Bank was incorporated on 09 March 2006 as a public limited company under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was licensed by the State Bank of Pakistan (SBP) on 12 April 2006.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.
