Terms & Conditions
The scheme will be applicable throughout the country where no restriction is imposed by Federal/Provincial Government.
CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 2 recent photographs
|Maximum Loan Limit||
Rs.5.000 million per borrower/party.
10% of the loan amount will be deposited by the borrower as self-contribution.
All tangible securities acceptable to the Bank.
|Cost of Credit||
As per Bank’s rules.
Loan will be recovered within 8 years in half yearly installments commencing two year after the disbursement.
|Rate of Mark Up||
The prevailing rate of mark up on development loans with 3% rebate on timely repayment of loan is applicable.
|Disbursement of Loan||
After execution of legal documents, Loan for poultry structure would be disbursed first in three equal installments after verification of proper utilization of each installment then loan for purchasing Chicks/Birds and meeting other operational expenses would be disbursed through current account of the borrower.
|Sanction of Loan||
Loan under the scheme will be sanctioned by Central Loans Sanctioning Department (CLSD) upto Rs.1.500 million per borrower/party with maximum turn around time of 3 days.
Close monitoring would be carried out on monthly basis by the respective Bank Authorities.
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