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

 

 

  1. 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

 

  1. 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.