Micro Enterprise Loan (MEL) offers poor and low-income entrepreneurs the opportunity to borrow funds to finance their working capital needs, as well as finance seamless business expansion. The main purpose of the loan is financing daily business activity and funding purchase of fixed assets. The loan process is very easy and fast-completed. The whole process is detailed below.
NRSP Microfinance Bank Purpose of loan
1. Financing daily business activity / working capital needs.
2. Funding purchase of fixed assets / machinery / equipment.
NRSP Microfinance Bank Loan eligibility
1. Age 20-60 Years (at the time of loan maturity)
2. Should have a valid CNIC
NRSP Microfinance Bank Loan duration:
1. Minimum 3 Months
2. Maximum 12 Months (Up to PKR 100,000)
3. Maximum 18 Months (above PKR 100,000)
NRSP Microfinance Bank Key Features
1. Repayment option: Equal Monthly Installments
2. Interest rate: As per applicable Schedule of Charges
3. Loan Amount: Up to Rs. 150,000/-
4. Collateral: Third Party Guarantee
5. Fee & Charges: As per Bank’s SOC
6. Insurance:
a. Free Credit Life Insurance
b. Complementary Hospitalization & Death Insurance up to Rs.20,000/-
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