This is a specialized product to cascade the financial needs of those women who are able to provide Jewellery/Gold as collateral. Salient features of the product are given as under:

 

Product Type:

Running Finance (RF)

Target Audience:

Only Female Business Individuals, Salary persons, Self-employed & Micro Entrepreneurs.

Purpose of Loan:

To cascade the financial requirements of female borrowers in lieu of consumption purposes categorized as domestic needs/emergency loan, Housing needs and/or Agriculture/business enhancement.

Loan Amount:

Maximum amount up to Rs. 350,000/-

Loan Tenure:

1- Year (Renewable up to 3-years

Repayment:

Principal adjustment at maturity Mark-up servicing on Half-Yearly basis

Collateral/Security:

Gold/Jewellery/Gold Ornaments

 

Documentation:

 

Following documentation will be required from applicant:

  • Copy of CNIC
  • 1 Passport Size Photographs
  • Copies of Latest Utility Bills (Not older than 3 months)

Eligibility Criteria:

  • Applicant should be residing or doing business in the respective Tehsil or 20-Km whichever covers the more distance of the branch vicinity.
  • Applicant should hold a valid CNIC.
  • Age limit is 65 years at the time of maturity of loan.
  • Applicant should not be in the negative professions list as per AMBL’s Credit Policy.
  • Applicant should not be defaulter of any financial institution.

 

ELIGIBILITY OF GOLD ORNAMENTS:

 

Purity of the Gold/Gold ornament should not be less than 18 carats. BM/CM/OM will ensure that gold concentration must be mentioned elaborately on valuation report.