| Products Description | |
|---|---|
| Purpose | A demand finance facility where the customer’s loan tenure is matched with the harvesting time of his crop for Farm & Non-Farm sectors |
| Product Nature | Individual Loan/ Joint Loans |
| Working Experience: | Minimum 2 Years of farming activities |
| Eligibility Criteria | Farmers/tenants/growers having sufficient agriculture knowledge. The applicant shall own at least 1 Acre of land and provide proof of cultivation (Khasra Girdawary) up to 25 Acres. Annual Income is up to Rs. 1,500,000 (net of all deductions). |
| Loan Range | Rs. 300,000/= to Rs. 500,000/= |
| Loan Term | 06 months to 60 Months |
| Repayment | Loan shall be adjusted lump sum through bullet payment after a year with half yearly markup (working capital Loans) Development Loans as per Repayment Schedule monthly/quarterly/half yearly Instalments. |
| Security | Social Guarantee Personal Guarantee of the borrower. Cross Cheque in favor of POMB from the borrower or Guarantor. Financed asset shall be insured Charge on Agri Pass Book |
| Documents Required | CNIC copy of Customer CNIC Copy of Guarantor(s) Utility Bill preferably electricity of business place/residence OR any other document proving the ownership Khasra Gardawari /Field Book copy/Deh Farm VIII-A /Land Verification Letter/Land Revenue Tax Receipt of Last Crop in case of Farm Loans (One of the above). Khasra Gardawari /Field Book copy/Deh Farm VIII-A /Land Verification Letter/Land Revenue Tax Receipt of Last Crop in case of Farm Loans (One of the above). |
| Who Can Avail | Farmers/tenants/growers having sufficient agriculture knowledge, relevant experience and are engaged in the business of Agriculture with an age between 20-65 years. |
| Indicative Credit limits & Eligibility as per SBP |  |
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(the Bank).The Bank was incorporated on 09 March 2006 as a public limited company under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was licensed by the State Bank of Pakistan (SBP) on 12 April 2006.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.
