Loans offered to small growers through Community Organizations. These loans amount to up to PKR 70,000 in group guarantees. They depend on the harvest seasons. The maximum age for this loan is 59 and also have Pakistani citizenship. Customers must be residents of the same district. The whole process eligibility and further features of loan is given below:
NRSP Microfinance Bank Agricultural Loan Purpose of loan
Farm loans can be taken for the following purposes, but are not limited to:
1. Land lease payment
2. Leveling the ground
3. Land preparation for cultivation
4. Acquisition of seeds, fertilizers, pesticides or piped well water
5. Any other activity related to agricultural production.
NRSP Microfinance Bank Agricultural Loan Features
1. Loan duration: As per crop pattern
2. Repayment option: Lump sum on crop harvest
3. Collateral: Group guarantee
4. Disbursement: To individual
5. Interest rate: 33% p.a. of declining trend
6. Fee and charges: As per SOC
7. Insurance: Complementary Hospitalization & Death Insurance up to Rs.20,000/-
NRSP Microfinance Bank Agricultural Loan Eligibility Criteria
1. The maximum age of the customer is limited to 59 years (60 years at the time of expiration).
2. The customer must have a valid CNIC.
3. Resident of the same district.
How to Apply For NRSP Microfinance Bank Loans
· Click on the link to explore the bank branches for application: https://www.nrspbank.com/branches
NRSP Microfinance Bank Contact Information
· Address: NRSP Microfinance Bank Limited, Near Baghdad Railway Station, University Road, Bahawalpur 63100, Pakistan.
· Phone: +92-62-2285126
· Email: info@nrspbank.com
· Toll Free: 080006777