|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||Group Loan of 3-5 members|
OR Individual Loan
|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. 1,200,000 (net of all deductions).
|Loan Range||Rs. 40,000/= to Rs. 300,000/=|
|Loan Term||06 to 36 Months|
|Repayment||Bullet payment, as per harvesting cycle.|
Development Loans on monthly/Quarterly/Half Yearly Instalments up to 3 Years
|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
Copy of Fard
Quotation of the asset & Invoice of the asset after disbursement.
|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|