Asaan Saholat Qarza
This product is designed for active borrowers of all MFIs/MFCs to meet any emergency or real-time need. Details provided below:
Purpose | To cope any emergency business or household needs. |
Lending Methodology | Individual Lending |
Duration of Loan | From 7 days to 90 days |
Repayment Mode | Customer can pay after 07 days, within 3 months or on due date or on monthly installment bases |
Mark up Rate | Competitive rates applied in accordance with Company’s internal policy |
- Criteria of taking loan
- No documentation required except CNIC
- Active customer of any MFI/MFC.
- Customer must not be declared a defaulter by any financial institution
- Customer must have been a resident of the branch’s operating area for the last 2 years
- CIB Policy
- Clients cannot be awarded with the loan if she/he has been declared default by any organization/ Institution/ Bank.
- Client must be an active borrower from any MFI/MFC.