A financing package for the branches falling under Karachi Zone has been notified through which financing for Fisheries, Dairy, Poultry Farming, Feed Mill, Horticulture, Vegetable raising & Nursery for Orchards, Covered Horticulture, Cut Flower, Ornamental Plants, Agri. Machinery, Irrigation Schemes & Milk Collection Centres, is advanced to accelerate the ir development.
| Operational Jurisdiction: |
All Karachi branches falling under ZTBL Karachi Zone |
| Selection of Borrowers : |
Under the scheme the Bank MCO selects the Borrower keeping in view the criteria fixed for the scheme. |
| Equity Contribution: |
10% of project cost |
| Documents Required : |
CNIC Photocopy, Loan Case File, Security documents & 2 recent Photographs of borrower |
| Rate of Mark up : |
One year
Kibor plus 2% margin- (presently it is 14.3% p.a
with 1% rebate on timely repayment. |
| Collateral : |
Tangible Security |
| Maximum Credit Limit: |
Rs. 1.000 Million per borrower/ party |
| Cost of Credit: |
- Loan Case File Rs.200/-
- Postal Charge Rs.1000/-for Development Loans with 5 years tenure.
- Appraisal Fee (LA fee @ 1% upto loan of
Rs.50,000/- & 2% above Rs.50,000/- to
1.000 Million)
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| Repayment/Recovery Period: |
As per nature of the scheme in accordance with standing instructions of the Bank. |
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