LOLC Bara Karobar

Products Description
Purpose This product is specially designed for the expansion of established business and purchase of business assets.
Product Nature Individual Loan
Working Experience: At least two years in relevant business.
Eligibility Criteria Annual Income is up to Rs. 1,500,000 (net of all deductions). Up to 10 workers excluding seasonal workers.
Loan Range Rs. 350,001 to Rs. 500,000
Loan Term 06 – 36 Months
Repayment  Equal Monthly Instalments (EMI), Structural Monthly Instalments
Collateral Personal Guarantee OR Liquid Security OR Equitable Mortgage OR Lien on Vehicles
Documents Required CNIC copy of borrower. CNIC Copy of Guarantor (where applicable). Utility Bill preferably electricity of business place/residence OR any other document proving the ownership
Bank Account of Customer Mandatory
Who Can Avail Any one running his/her own business within the age bracket of 25 – 60* years having at least 2 years of experience in relevant Business *(Maturity of loan should coincide with the 60th birthday of the customer).