Terms & Conditions
Operational Jurisdiction | The scheme will be applicable throughout the country where no restriction is imposed by Federal/Provincial Government. |
Eligibility |
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Documents Required | CNIC Copy, Loan application, Agri. Pass Book/Fard Jamabandi & 2 recent photographs |
Maximum Loan Limit | Rs.5.000 million per borrower/party. |
Borrower’s Contribution | 10% of the loan amount will be deposited by the borrower as self-contribution. |
Collateral | All tangible securities acceptable to the Bank. |
Cost of Credit | As per Bank’s rules. |
Repayment Schedule | 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 Loan Sanctioning Department (CLSD) upto Rs. 2.500 million and over & above by Head Office Credit Committee. |
Monitoring | Close monitoring would be carried out on monthly basis by the respective Bank Authorities. |