Mobilink Microfinance Bank Loan
Product Description
Individual loans will cater to urban markets & rural market. Micro enterprises/traders/farmers engaged in production/manufacturing, processing, marketing/selling/trading of goods and services for developing, expanding and managing established/new business activities:
Provision of working capital supporting normal micro enterprises. This will include purchase of raw material, inventory and other services to boost production of goods and services within the existing business.
Provision of loans for purchasing various assets. These assets will be used in income generating activities of enterprise.
Agricultural activities covering purchase of agriculture inputs, tunnel farming, tools, implements, assets & working capital.
Livestock involving, farming, milking, rearing, fattening, trading, working capital, tools & implements and related asset purchases
Loan Amount
Minimum Rs.25,000/-
Maximum Rs.350,000/-
Loan Tenure
Up to 12 Months
Basic Requirements
Minimum 2 years’ experience of running business
For salaried: 1-year permanent employment status with current employer
Self Employed Persons: 1-year
Income Net of Business expenses Rs. 1,200,000
Age between 25-58 years (1st loan cycle) 25-60 years (2nd and 3rd loan cycle).
Residing or working in launching cities for at least 2 years
Basic Requirements
Copy of Valid Computerized National Identity Card (CNIC), SNIC.
01 recent passport size photographs of the Customer
Proof of running business place & ownership
Satisfactory Cash Flow
Also Read : AI Cash Loan App – Loan App Download
3 Months Salary Slip duly attested by Employer (in case of Salary Class)
6 Months Bank Statement duly attested by relevant bank
Not defaulter of any financial institution
Latest filed Tax Returns if annual income (net of business expenses) exceeds Rs. 600,000/-
Security
Gold/Gold Ornaments
Pricing
As per Latest SOC