| Key Features | |
|---|---|
| Target Customers | Individuals |
| Profit Mechanism | Half yearly Profit Payout |
| Special Offer | Initial Deposit: Only Rs.100/- Free SMS services No limits on number of Transactions conducted by Customers. |
| 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 Customers | Individuals |
| Profit as of January 2023 | |
| Slabs | Profits Rates |
| PKR 1-100,000 | 11.75% |
| PKR 100,001- 250,000 | 12.25% |
| PKR 250,000-500,000 | 12.75% |
| PKR 500,001- 1,000,000 | 13.25% |
| PKR 1,000,001 & Above | 14.75% |
| Profit Calculation | Profit will be calculated on daily Balance. |
| Profit Payout | Half yearly Profit |
| Age Limit | 18 Years & Above |
| Minimum Initial Deposit | Rs. 100/- |
| Minimum Balance Requirement | Not Applicable |
| SMS Alert | Free |
| Account Statement | As per Schedule of Charges |
| Zakat | As per Zakat and Usher Ordinance 1980 |
| Transaction Limit | Not Applicable |
| Cheque Book Charges | As per Schedule of Charges |
| Documents Required |
AOF Valid ID Document Income Proof/ Source of Income document Utility Bill (Where required) KYC / FATCA / CRS |
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(the Bank).The Bank was incorporated on 09 March 2006 as a public limited company under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was licensed by the State Bank of Pakistan (SBP) on 12 April 2006.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.
