Fori Cash Loan - SAY JOB CITY

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Friday, October 23, 2020

Fori Cash 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 Eligibility Criteria

    Household annual income less than Rs. 300,000
    Age between 25-58 years (1st loan cycle) 25-60 years (2nd and 3rd loan cycle).
    Business experience of minimum of 2 Years
    Holding valid CNIC
    Not defaulter of any financial institutions & Public Utilities.
    Household annual income (net of business expenses) is less than Rs. 300,000/- or limit as revised from time to time under regulations.
    Residing or working in launching cities for at least 2 years

Guarantee

Gold / Gold Ornaments
Tenure

1 – 12 months
Repayment Options

EMI/Quarterly/Bullet/Lumsum
Loan Ticket

PKR- 25,000/- to 150,000/-
Lead Time

2-3 Hrs.
Loan Insurance

Free Loan Insurance in Case of Death / Permanent Disability
Early settlement

Allowed
Note:

 Terms & conditions applicable




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