The Karobar loan is an “individual loan” with an acceptable personal guarantee. The loan can be used to expand micro / small businesses (to meet working capital requirements or purchase assets). Maximum loan offers for the micro business in karobar loan is maximum Rs 150000 with lead time 3 to 5 days.
Mobilink Microfinance Bank Karobar Loan Features
1. Tenure: 6 – 12 months (1st Loan Cycle)
a. 6- 15 Months (2nd Loan Cycle)
2. Repayment Options: Equal Monthly Installments
3. Loan Ticket: PKR- 20,000/- to 150,000/-
4. Lead Time: 3-5 Days
5. Loan Insurance: Free Loan Insurance in Case of Death / Permanent Disability
6. Early settlement: Allowed
Mobilink Microfinance Bank Karobar Loan Eligibility Criteria
1. Annual household income less than Rs. 500,000
2. Age between 25-58 years (first loan cycle) 25-60 years (second and third loan cycle).
3. Minimum business experience of 2 years
4. Holding valid CNIC
5. Not defaulting on any financial institution and public services.
6. Reside or work in launch cities for at least 2 years.
How to Apply For Mobilink Microfinance Bank Karobar Loan ?
Visit your nearest Mobilink Microfinance Bank to apply for a loan and further information. Click to explore bank branches: https://www.mobilinkbank.com/our-branches.
Mobilink Microfinance Bank Contact Information:
1. Address: 3-A/2 F-8 Markaz Islamabad
2. Phone: 051 2817070 77
3. Customer Service, complaints and feedback: 051-2817076
4. Email: firstname.lastname@example.org