| Products Description | |
|---|---|
| Purpose | This product is specially designed for the expansion of established business and purchase of business assets. |
| Product Nature | Individual Loan |
| Working Experience: | At least two years in relevant business. |
| Eligibility Criteria | Annual Income is up to Rs. 1,500,000 (net of all deductions). Up to 10 workers excluding seasonal workers. |
| Loan Range | Rs. 350,001 to Rs. 500,000 |
| Loan Term | 06 – 36 Months |
| Repayment | Equal Monthly Instalments (EMI), Structural Monthly Instalments |
| Collateral | Personal Guarantee OR Liquid Security OR Equitable Mortgage OR Lien on Vehicles |
| Documents Required | CNIC 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 Customer | Mandatory |
| Who Can Avail | Any 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). |
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(the Bank).The Bank was incorporated on 09 March 2006 as a public limited company under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was licensed by the State Bank of Pakistan (SBP) on 12 April 2006.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.
