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Fori Cash Loan – Mobilink Microfinance Bank Loan




Product Description

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Khushhal Kissaan Loan


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Karobar Loan

The perfect loan for you to expand your small business.

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Fori Cash Plus Loan

Loans of up to PKR 3M against Gold if you have a running business.

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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

Also Check: Bank Islami Interest Free Loan – Dubai Islamic Personal Finance Loan

Also Check: Alkhidmat Foundation Loan Scheme

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
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

Branches
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