Product Name
Khushhali Agri Plus
Product Details:
For Loans for Equipment and Allied irrigational tools.
Product Purpose
Khushhali Agri Plus is offered to farmers for the purchase of agricultural machinery and irrigational tools.
Loan Eligibility Criteria
- Age: 22 – 60 Years
- Minimum landholding of 3 acres (For tractor financing)
- Doing business at the same location for the past 1 year
- Resident of the same location for the past 2 years
- NADRA CNIC/ SNIC holder
- Not defaulter of KMBL or other banks
Acceptable Securities
- For Irrigational Tools
- Hypothecation/Pledge/Mortgage/Lien Marking/Mix collateral in case of New equipment and irrigation tools
- For New & Used Tractors
- a) Lien Marking (HPA) and Pledge
- b) Agri. Pass book
Tenure
6 - 60 months for purchase of new & used Agricultural equipment and tractors financing
Repayment Options
- Equal Monthly Installments / Quarterly / Semi-annually / Annually*
*Annual installments are allowed only under those instances if the applicant's cash flow is totally linked with sugar cane
Loan Ticket (Minimum & Maximum)
PKR. 50,001 to 1,000,000/-
Service charges
26 - 28 % APR for Equipment & Allied irrigational tools
20 - 22% APR for new & used tractors