Fori Qarza

Products Description
PurposeLOLC Fori Qarza shall be extended to individuals for managing urgent finances
Eligibility CriteriaWith annual income (net of business expenses) upto Rs.500,000/-
Product Nature Individual Loan
Loan RangeRs. 20,000/- to Rs. 50,000/-
Loan Term3 Months
Repayment ModeEqual Monthly Instalments (EMI), Bullet Payments
CollateralMaximum 2 Guarantors/Personal Guarantees
Documents Required1.CNIC copy of Customer & Next of Kin.
2. Valid CNIC Copy of Guarantors.
3. Utility Bill preferably electricity of business place/residence OR any other document proving the ownership.
(Customer/Guarantor-as per the requirement).
Who Can AvailAnyone in the age bracket of 18-62 years.