Asaan Sarmaya Loan/Gold Loan (ASL)
Loans for individuals who need working capital to finance the below mentioned activities and are able to provide gold or gold ornaments (except Mala) as security to pledge the same with the bank.
Purpose of loan
- Small Business & Enterprise
- Start up Business
- Asset Purchase
- House Renovation/Repair & Maintenance
- Domestic Needs/Emergency Loans
- Any Other Legal Activity
Aasan Sarmaya_Loan (ASL-Gold loan)
Individuals who need to finance the following activities/purpose & having Gold/Gold ornaments except “Mala” as Collateral
Customer must either be a permanent resident of the locality or residing / working at the same place.
- Minimum Loan Amount: Rs.15,000/-
- Maximum Loan Amount: Rs.2,000,000/-
Loan amount more than Rs:150,000 would be oared for income generating/business activities with proper appraisal made by respective loan officer however loan process will remain same under Gold loan Product.
Loan Duration: 3-18 Months.
|Age of Borrower||
Minimum age: 18 Years Maximum age: 63 Years (at the time of loan booking)
|Eligibility||Not defaulter of NRSP BANK & other institutions|
|Loan Processing Fee||As per applicable Charges|
|Mark Up Rate||
As per applicable Schedule of Charges
|Repayment Frequency||Lump sum/bullet|
|Loan Processing Time (TAT)||
Maximum 1 Hour
Allowed and Markup will be charged on loan utilized period only.
|Late Payment Penalty||
|CIB and NADRA Check||
The Bank does NADRA check and ECIB check on all customers and Applicant must hold valid CNIC and should not be defaulter of any bank/Financial Institutions.
Loan application form duly filled and signed
- Customer’s CNIC Copy
- One Recent Photograph of Customer
- Authorization form
- Bank Account in NRSP Branch
- ShroffValuation Certificate
- Letter of Pledger (Adhasive Tickets with value of Rs:100)
- Gold/Gold Ornaments
Free Credit Life Insurance