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Recovery Procedure

ZTBL Subsidary

Kissan Support Services (Pvt.) Ltd.

Recovery Schedule

	Recovery schedule in each loan case as per terms of sanction of loan is fixed and communicated to the borrowers after disbursement of loan.

	In case of default or failure in repayment of any installment on due date the mark-up shall continue to be charged and last installment due to this may differ from the amount of installments fixed at the time of disbursement.

Issuance of Notices

	Demand notice is issued before the due date of every installment.

	A Legal Notice is issued one month after the due date informing the borrower that if the amount is not repaid within next one month, further legal action will be taken to recover the dues.

LEGAL ACTION

	Legal action can be initiated against the defaulter if loan is not repaid even after expiry of legal Notice period.

	Where the court in bank's favour has decreed a case, account is to be settled by recovery of amount from the auction of the mortgaged property.

	The bank may purchase the mortgaged property if considered feasible to dispose it off later on through auction or in any manner deemed fit for getting the best price.

	The bank may dispose off the mortgaged properties of defaulters for satisfaction of its dues with out intervention of courts under Financial Institutions (Recovery of Finances) Ordinance 2001.Rescheduling of Loan Repayment Facility

Rescheduling of Loan Repayment Facility

ZTBL allows rescheduling of repayment of installments to its borrowers in order to maintain credit discipline and to mitigate their genuine problems in real hardship cases and in areas declared as calamity hit by the respective Provincial Governments

	The Rescheduling facility is to be considered by bank on case¬to-case basis and is to be allowed on borrower's request only.

	The relaxation in recovery period shall not be allowed beyond one year in any case.

	The borrowers shall have to execute a supplementary loan agreement on Non Judicial Stamp Paper of appropriate value to give legal cover to extended period.

	The borrowers shall have to pay the return for the extended period.

Down Payment for Rescheduling of Loans

Rescheduling Number	Rate of down payment as against due installments to be rescheduled
1st	10%
2nd	20%
3rd	30%