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How to Get Livestock Loan From NRSP Microfinance Bank

Livestock loans are offered through community organizations. They amount up to PKR 70,000 in group guarantees. They are not based on harvest seasons. Every Pakistani can apply for this loan, the loan purpose and limit is described in detail below. The process of getting loan is so easy and rapid which is given below:

NRSP Microfinance Bank Livestock Loan Purpose of loan

Livestock loans can be taken for the following purposes, but are not limited to:

1.      Cattle fattening

2.      Cattle trade

3.      Purchase of dairy animals, goat and sheep raising and any other related to livestock.

NRSP Microfinance Bank Livestock Loan Features

1.      Loan duration: 12 Months

2.      Repayment option: Lump sum

3.      Collateral: Group guarantee

4.      Disbursement: To individual

5.      Interest rate: As per applicable Schedule of Charges

6.      Fee and charges: As per bank SOC

7.      Insurance: Complementary Hospitalization & Death Insurance up to Rs.20,000/-

NRSP Microfinance Bank Livestock Loan Eligibility Criteria

1.      The maximum age of the client will be 59 years and 60 at the time of maturity.

2.      Margin rate 28% per annum, declining balance method

3.      You must have a valid CNIC

4.      Local district resident

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

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