NRSP Microfinance Bank House Loan (Mera Makan)

Loans for people who want to build a new home, want to have additional construction on their existing home, or want to renovate their home can apply for a home loan. The main purpose of the loan is new construction, extension and renovation. The minimum loan amount is 2 million with duration up to 60 month. The loan processing time is a maximum of 7 days.

House Financing Loan (Mera Makan) Purpose of loan

1.      New Construction

2.      Extension

3.      Renovation

House Financing Loan Features

1.      Target Market: Salaried Individuals, Government Employees and Pensioners

2.      Age Eligibility: Up to 60 years of age for Salaried Person

a.       Up to 70 years of age for Pensioners

3.      Income Level: Net of business income should be less than PKR 1,500,000 annually

4.      Loan Amount: Minimum Loan Amount Rs, 2 million/-

5.      Loan Duration: Up to 60 Months

6.      Mark Up Rate: Lowest Markup rate

7.      Repayment Frequency: Monthly (Having monthly income)

8.      Loan Processing Time (TAT): 7 days from completion of required documents.

9.      Types of Collateral/Security: Third Party Guarantee

10.  Early Closure: Allowed and Markup will be charged on loan utilized period only.

11.  Late Payment Penalty: Zero

House Financing Loan Documentation/ collateral

1.      Loan application form duly completed and signed

2.      CNIC copy of the client

3.      A recent photograph of the client

4.      Authorization form

5.      Bank account at the NRSP branch

6.      Shroff Valuation Certificate

How to Apply For NRSP Microfinance Bank Loans

·        Click 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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