This loan facility is designed to support business or enterprise development through the purchase of commercial vehicles. The facility aims to enhance income generation and operational capacity for entrepreneurs and small business owners.
| Product Features | |
|---|---|
| Loan Purpose | Purchase of Commercial Vehicle for Business development / Enterprise Development. Utilization of Commercial Vehicle must be justified with exiting business needs like: i. For commercial use ii. Livelihood improvement |
| Loan Limit | PKR 5,000,000 |
| Tenure | 12 – 120 Months – “01 – 10 Years” (For New LCV) 12 – 84 Months – “01 – 07 Years” (For Used LCV) |
| Target Market | Business owners and salaried individuals with a justified need for a light commercial vehicle/multi-purpose vehicle and cash needs, e.g. retailers, wholesalers, suppliers, logistics/cargo companies, school/office pick-up and drop-off services with an existing business, Indrive/Uber/Yango captains, etc. |
| Down payment for new vehicles | 15% |
| Used vehicles | Up to 20% |
| Product Features | |
|---|---|
| Loan Purpose | Purchase of Commercial Vehicle for Business development / Enterprise Development. Utilization of Commercial Vehicle must be justified with exiting business needs like: i. Transportation (Farm to Market) ii. Dairy Products Transportation iii. Cargo & Goods Transportation iv. Passenger Services / Public Transport v. Pick & Drop Services vi. Street Vendors vii. Any other justified Business |
| Loan Limit | PKR 500,000 – 2,000,000 |
| Tenure | 12 – 120 Months – “01 – 10 Years” (For New LCV) 12 – 84 Months – “01 – 07 Years” (For Used LCV) |
| Target Market | Business individuals with justified use of light commercial vehicle / Multi-purpose Vehicle, i.e. Retailers, Wholesaler, Suppliers, Logistics/Cargo , School/Office Pick & Drop Services with existing business, Indrive / Careem / Uber / YANGO Captains etc. |
Our team is always at the your service and we look forward to receiving your enquiries. Please feel free to contact us using the details below or send us your email address to receive information about our products and services.
LOLC Microfinance Bank was formerly known as Pak Oman Microfinance Bank Limited (the Bank).The Bank was incorporated on 09 March 2006 as a public limited company under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017 on 30 May 2017) and was licensed by the State Bank of Pakistan (SBP) on 12 April 2006.
UAN:
021-111-115-652
Phone:
+92-21-34300381-85
Registered Office address:
Park View Plaza, Bearing 6300-Near Hotel Royal Palace, Jhelum Road, Chaklala Cantt, Rawalpindi.
The proper handling and protection of personal information is an important social responsibility. As a result, LOLC Microfinance goes above and beyond to ensure that clients’ personal information is used appropriately and protected by industry standard security methods.
