|Purpose||LOLC Fori Qarza shall be extended to individuals for managing urgent finances|
|Eligibility Criteria||With annual income (net of business expenses) upto Rs.500,000/-|
|Product Nature||Individual Loan|
|Loan Range||Rs. 20,000/- to Rs. 50,000/-|
|Loan Term||3 Months|
|Repayment Mode||Equal Monthly Instalments (EMI), Bullet Payments|
|Collateral||Maximum 2 Guarantors/Personal Guarantees|
|Documents Required||1.CNIC copy of Customer & Next of Kin.|
2. Valid CNIC Copy of Guarantors.
3. Utility Bill preferably electricity of business place/residence OR any other document proving the ownership.
(Customer/Guarantor-as per the requirement).
|Who Can Avail||Anyone in the age bracket of 18-62 years.|