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Products Description
PurposeThis product is specially designed for the expansion of established business and purchase of business assets.
Product NatureIndividual Loan
Working Experience:At least two years in relevant business.
Eligibility CriteriaAnnual Income is up to Rs. 1,500,000 (net of all deductions). Up to 10 workers excluding seasonal workers.
Loan RangeRs. 350,001 to Rs. 500,000
Loan Term06 - 36 Months
Repayment Equal Monthly Instalments (EMI), Structural Monthly Instalments
CollateralPersonal Guarantee OR Liquid Security OR Equitable Mortgage OR Lien on Vehicles
Documents RequiredCNIC copy of borrower. CNIC Copy of Guarantor (where applicable). Utility Bill preferably electricity of business place/residence OR any other document proving the ownership
Bank Account of CustomerMandatory
Who Can AvailAny one running his/her own business within the age bracket of 25 – 60* years having at least 2 years of experience in relevant Business *(Maturity of loan should coincide with the 60th birthday of the customer).
Products Description
PurposeLOLC Karobari Qarza loan is disbursed to enhance the business and fulfill the requirement of investment for a business.
This product shall be extended to individuals for managing their existing business
OR establishing new business (For Working Capital/ Asset Acquisition/ Raw Material etc.).
Eligibility CriteriaAnnual Income is up to Rs. 1,200,000 (net of all deductions).
Product NatureIndividual Loan
Loan RangeRs. 100,000/- to Rs. 350,000/-
Rs. 70,000 to 350,000 to selected branches
Loan Term06 to 36 Months
Repayment ModeEqual Monthly Instalments (EMI), Structural Monthly Instalments
CollateralMaximum two Guarantors/Personal Guarantees OR
Pledge of Asset
Documents RequiredCNIC copy of Customer & Next of KinCNIC Copy of Guarantors (where applicable)Utility Bill preferably electricity of business place/residence OR any other document proving the ownership (Customer/Guarantor-as per the requirement).
Who Can AvailAny one running his/her own business within the age bracket of 18 – 62* years with at least two years in relevant business (for existing business) and for new business, customer should have relevant skills & experience
*(Maturity of loan should coincide with the 62nd birthday of the customer
Products Description
PurposeA 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 CriteriaFarmers/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 RangeRs. 300,000/= to Rs. 500,000/=
Loan Term06 months to  60 Months
RepaymentLoan 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.
SecuritySocial 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 RequiredCNIC 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 AvailFarmers/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
Products Description
PurposeA demand finance facility where the customer’s loan tenure is matched with the harvesting time of his crop for Farm & Non-Farm sectors.
Product NatureGroup Loan of 3-5 members 
OR  Individual Loan 
Working Experience:Minimum 2 Years of farming activities
Eligibility CriteriaFarmers/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. 1,200,000 (net of all deductions).
Loan RangeRs. 40,000/= to Rs. 300,000/=
Loan Term06 to 36 Months
RepaymentBullet payment, as per harvesting cycle.
Development Loans on monthly/Quarterly/Half Yearly Instalments up to 3 Years
Documents RequiredCNIC copy of Customer
CNIC Copy of Guarantor(s)
Utility Bill preferably electricity of business place/residence OR any other document proving the ownership
Copy of Fard
Quotation of the asset & Invoice of the asset after disbursement.
Who Can AvailFarmers/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
Products Description
PurposeSalary Loan shall be extended to individual for Self-Consumption/ Emergency use/ Asset acquisition/ any other personal use.
Product NatureIndividual 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 RangeUpto Rs. 350,000
Loan Term06 to 24 Months
RepaymentEqual Monthly Instalments (EMI)
SecurityMaximum 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 RequiredCNIC 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 AvailAnyone 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).

Deposit Products

Mortgage Loan is specially designed for Housing and Business purpose. This product can be offered for the purchase of a House/Shop, Expansion of a business (purchase stocks, Machinery etc.), Renovation and Construction and Addition in existing house/shop/business.

PRODUCT SPECIFICATION

  • Competitive Mark-up Rate
  • Credit Tenure: Up to 20 years
  • Easy monthly installments
  • Minimum documentation
  • Quick Loan Processing upto 14 days only
  • Repayment in Equal Monthly Installments (EMI)

ELIGIBILITY CRITERIA

  • Age limit: Minimum 20 years, Maximum 57 years
  • 2 years of business experience in the same business
  • Salaried Individual
  • Valid CNIC.
Products Description
PurposeLOLC Fori Qarza shall be extended to individuals for managing urgent finances
Eligibility CriteriaWith annual income (net of business expenses) upto Rs.500,000/-
Product Nature Individual Loan 
Loan RangeRs. 20,000/- to Rs. 50,000/-
Loan Term3 Months
Repayment ModeEqual Monthly Instalments (EMI), Bullet Payments
CollateralMaximum 2 Guarantors/Personal Guarantees
Documents Required1.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 AvailAnyone in the age bracket of 18-62 years.
Products Description
PurposeLOLC Hunermand Khatoon Qarza shall be extended to
females for managing their existing business OR establishing new business. Loan
purposes such as small scale Business set ups,
Milking, Animal farming, Beauty Parlour, Academy, School, Small
Shops, Handicraft, Fruit shop and decoration shop, Event
management, Cosmetics, Garments, Hotel etc
Eligibility CriteriaWith annual income (net of business expenses) up to Rs.
1,200,000/- as per SBP guideline
Product Nature Individual Loan 
Loan RangeRs. 35,000/- to Rs. 75,000/-
Loan Term3 Months to up to 24 Months without grace periods
Repayment ModeEqual Monthly Instalments (EMI), Structural Monthly Instalments, Bullet Payments
CollateralTwo Personal Guarantors
Documents Required1.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 AvailAny one running her own business within the age bracket of 18 – 60 years with at least one year experience in relevant field (for existing business) and for new businesses, customer should have relevant skills & experience.

Term Deposit Products

  • Monthly/Maturity Profit Plan for Individual, Corporate, Senior Citizens and Widows
  • Tenor: 1 month to 3 years
  • Minimum Investment Amount Rs. 100,000
  • No Maximum investment limit
  • Profit frequency: Maturity
  • The convenience of profit payment into bank accounts through cross Cheque
  • Personalized doorstep service at its best
  • Zakat exemption available (if applicable).

Note

  • LOLCMFB reserves the right to accept or decline any deposit
  • Certificates are non-transferable
  • All taxes and zakat are payable as per applicable rules
  • Rates are subject to change as per Bank's Policy
  • Calculation of profit is done in the amount of Rs. 100,000/- on 365 days.
  • The profit may vary with respect to the number of days in the year.

Rate

Policy

Aali-e-Shan Corporate Saving Account
The product is offered for corporate customers who will park their deposits in order to earn attractive profit rates on their deposits. Tier based profit rates are offered so that customer earns increased profit rates on increased sums parked. The product offers no limits on number of transactions conducted by the customers.
Products Features
Target CustomersCorporate Customers & Entities
EligibilityValid ID/Constituent Documents & positive Customer Due Diligence.
Profit as of January 2023
SlabsProfits Rates
PKR 1-100,00010%
PKR 100,001- 250,00011%
PKR 250,000-500,00011.50%
PKR 500,001- 1,000,00012%
PKR 1,000,001 & Above13%
Profit CalculationProfit will be calculated on daily Balance.
Profit PayoutMonthly profit payments on first day of successive months.
Minimum Initial DepositRs/= 100
Minimum Balance RequirementNot Applicable
SMS Alert
Account StatementFree
ZakatAs per Zakat and Usher Ordinance 1980
Transaction LimitNot Applicable
Cheque Book ChargesAs per Schedule of Charges
Documents Required

Documents as per the nature of the customer.

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 CustomersIndividuals
EligibilityValid ID/Constituent Documents & positive Customer Due Diligence.
Profit as of January 2023
SlabsProfits Rates
PKR 1-100,00011.75%
PKR 100,001- 250,00012.25%
PKR 250,000-500,00012.75%
PKR 500,001- 1,000,00013.75%
PKR 1,000,001 & Above14.75%
Profit CalculationProfit will be calculated on daily Balance.
Profit PayoutMonthly profit payments on first day of successive months.
Age Limit18 Years & Above
Minimum Initial DepositRs. 100/-
Minimum Balance RequirementNot Applicable
SMS Alert
Account StatementAs per Schedule of Charges
ZakatAs per Zakat and Usher Ordinance 1980
Transaction LimitNot Applicable
Cheque Book ChargesAs per Schedule of Charges
Documents Required

AOF

Valid ID Document

Income Proof/ Source of Income document

Utility Bill (Where required) KYC/ CRS / FATCA

Khushaal Khatoon Saving Account
This is a profit bearing saving account. The product is offered women clients 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. A the product is offered to female customers, hence profit rate has been increased by 1% as compared to Behtareen Monthly profit Saving Account.
Products Features
Target CustomersWomen
Profit as of January 2023
SlabsProfits Rates
PKR 1-100,00012.75%
PKR 100,001- 250,00013.25%
PKR 250,000-500,00013.75%
PKR 500,001- 1,000,00014.25%
PKR 1,000,001 & Above14.75%
Profit CalculationProfit will be calculated on daily Balance.
Profit PayoutMonthly profit payments on first day of successive months.
Age Limit18 Years & Above
Minimum Initial DepositRs. 100/-
Minimum Balance RequirementNot Applicable
SMS Alert
Account StatementAs per Schedule of Charges
ZakatAs per Zakat and Usher Ordinance 1980
Transaction LimitNot Applicable
Cheque Book ChargesAs per Schedule of Charges
Documents Required

AOF

Valid ID Document

Income Proof/ Source of Income document

Utility Bill (Where required) KYC/ CRS / FATCA

Shandar Saving Account
This is a profit bearing saving account. The product is offered to individual customers to cater their banking needs of savings. Tier based profit rates are offered on this product to offer increased profit rates on increased savings. The product offers no limits on number of transactions conducted by the customers.
Products Features
Target CustomersIndividuals
Profit as of January 2023
SlabsProfits Rates
PKR 1-100,00011.75%
PKR 100,001- 250,00012.25%
PKR 250,000-500,00012.75%
PKR 500,001- 1,000,00013.25%
PKR 1,000,001 & Above14.75%
Profit CalculationProfit will be calculated on daily Balance.
Profit PayoutHalf yearly Profit
Age Limit18 Years & Above
Minimum Initial DepositRs. 100/-
Minimum Balance RequirementNot Applicable
SMS AlertFree
Account StatementAs per Schedule of Charges
ZakatAs per Zakat and Usher Ordinance 1980
Transaction LimitNot Applicable
Cheque Book ChargesAs per Schedule of Charges
Documents Required

AOF

Valid ID Document

Income Proof/ Source of Income document

Utility Bill (Where required) KYC/ CRS / FATCA

Shad-man Current Account
Shad-Man Current Account is offered to meet the banking needs of business customers. The product offers free of charge banking services as mentioned in below product features. There is no limits on number of transactions conducted by the customers.
Products Features
Target CustomersIndividuals
Profit CalculationNot applicable
Age Limit18 Years 82 Above
Minimum Initial DepositRs. 100/-
Minimum Balance RequirementNot Applicable
SMS AlertFree
Account StatementAs per Schedule of Charges
ZakatNot Applicable
Transaction LimitNot Applicable
Cheque Book ChargesAs per Schedule of Charges
Documents Required

AOF

Valid ID Document

Income Proof/ Source of Income document

Utility Bill (Where required) KYC/ CRS / FATCA

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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.

About Us

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.

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Contact Info

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.

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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.

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