Micro Enterprise Loan

Micro Enterprise Loan (MEL) offers low income and poor entrepreneurs an opportunity to borrow funds for financing of their working capital needs as well as finance business expansion in a hassle-free manner. 

Purpose of loan

• Financing daily business activity / working capital needs.
• Funding purchase of fixed assets / machinery / equipment.

Loan eligibility	Age 20-63 Years (at the time of loan maturity) Should have a valid CNIC
Loan duration	Minimum 3 Months Maximum 12 Months (Up to PKR 100,000) Maximum 18 Months (above PKR 100,000)
Repayment option	Equal Monthly Installments
Interest rate	As per applicable Schedule of Charges
Loan Amount	Up to Rs. 150,000/-
Collateral	Third Party Guarantee
Fee & Charges	As per Bank’s SOC
Insurance	Free Credit Life Insurance