In order to facilitate the farmers in transporting their produce from farm to market and input needs from market to farm in addition to improve their savings, ZTBL has decided to introduce the subject product for the benefit of the farming community.
Terms & Conditions
| Operational Jurisdiction | The scheme will be applicable throughout the country. |
| Eligibility Criteria | i) All new as well as old creditworthy farmers, are eligible to get financing under the scheme, however preference will be given to those farmers who are already engaged in this business/activity. |
| Documents Required | CNIC Copy, Loan Application, Agri.Pass Book/Fard Jamabandi, 2 recent photographs. |
| Maximum Loan Limit | Upto Rs. 1.000 million per borrower/party. |
| Borrower’s Contribution | 10% of the cost of Loader Rickshaw will be deposited by the borrower as self-contribution/equity. |
| Collateral | Tangible properties owned by the borrowers as per policy of the Bank. |
| Cost of Credit | As per Bank’s Rules. |
| Rate of Mark Up | The prevailing rate of mark up on development loans is applicable. |
| Sanction of Loan | Loan would be sanctioned by the Central Loan Sanctioning Department (CLSD) upto Rs. 0.500 million with maximum Turn Around Time of 3 days. |
| Disbursement of Loan | The loan for farm transport vehicle is disbursed by issuing a pay order/demand draft in favour of the manufacturer/dealer. |
| Registration & Insurance | Three Wheeler Loader Rickshaw will be jointly registered on the names of the Bank & the borrower and will be comprehensively insured from “A” rated insurance company. |
| Repayment Schedule | Loan will be recovered within 05 years in half yearly installments with grace period of six months. |
| Monitoring/Utilization | Strict monitoring would be exercised by ensuring checking of utilization by the Bank Authorities. |
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