NRSP Microfinance Bank Livestock Individual Loan is for those who are involved in the livestock business with a minimum of 2 years of experience and need the financing for the commercial livestock activities, including the following, and must not be in default of any bank / MFI / MFB. Now they can enjoy the loan of up to 150,000 to upgrade their business.
Livestock Individual Loan Purpose of loan
1. Fattening / breeding / slaughter of cattle
2. Dairy farming
3. Any other relevant activity, including the following.
4. Planting of fodder and feed, mincer.
5. Vaccines, vitamins and other medicines for animals.
6. Construction or acquisition of permanent sheds, water tanks, water pumps and generators.
Livestock Individual Loan Key Features
1. Minimum Loan Amount: Rs. 50,000/-
2. Maximum Loan Amount: Rs.150,000/-
3. Mini 3 months & Max-12 Months loan duration
4. Minimum age: 20 Years for borrower
5. Maximum age: 60 Years for borrower
6. Loan Processing Fee: 2,500 or 2.5% of loan amount (whichever is higher)
7. Mark Up Rate: As per applicable Schedule of Charges
Livestock Individual Loan Documentations
1. Loan Application Form
2. CNIC
3. One Recent Photograph of Customer
4. Post Dated Cheque
5. Promissory Note
6. Bank Account in NRSP Branch
7. Affidavit
8. Animal hypothecation letter
9. Animal Pics
10. Animal fitness certificate
Livestock Individual Loan Collateral
1. Additional Document in case of third Party Guarantee/PG
2. One passport size photograph of 3rd Party Guarantor
3. One valid CNIC copy of 3rd Party Guarantor
4. 3rd Party’s Personal Guarantee Letter (on PKR 100 Stamp Paper)
Livestock Individual Loan Guarantor eligibility Criteria
1. Must not be in default of any bank / MFI / MFB
2. Must not be an NRSP MFBL borrower
3. The age must not be less than 20 years and must not be older than 65 years ·
4. Must have a good reputation
5. Must be a farmer / trader / government. Servant / livestock business owner / Person with good ability.
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