Small business loan is a product which is offered to both male and female entrepreneurs.
The key features of this loan are:
- The loan is for existing business expansion only
Target Customer | Man & Women Entrepreneur |
Running Business Experience | 2 Years & Above |
Loan Size (1st loan) | PKR 50,000 – 100,000 |
Yearly Increment | Maximum PKR 30,000 |
Maximum Loan Limit | PKR 200,000 |
Maximum Loan Exposure | PKR 350,000 |
APR | 53.67% |
Other charges, Loan processing/documentation/Insurance fee | NIL |
No. of instalments | 12 & 18 |
Processing time for (1st loan) | Within seven days |
Age limit | 21 – 55 Years |
Repayment Mode | 4th Weekly |
Collateral requirement |
|