Micro Finances
                    

Micro Finances

Micro Enterprise Loan

Purpose To encourage small scale enterprises, create self-employment opportunities, generate economic activities and reduce poverty
Eligibility AJK Nationals, especially low income groups and skilled persons
Age limit For new loans 18 to 40 years For existing loans 18 to 55 years
Loan Limit Maximum Rs. 100,000/-
Tenure Maximum 36 months
Repayment Monthly Installments
Primary Security Hypothecation of stock and Personal Guarantee of Borrower
Secondary Security One P.G of Govt. Employee of BPS-11 or above and one PG of account holder of BAJK having reasonable average balance OR lien on deposits/cash collaterals
Insurance As per Bank’s Policy
Margin on Stock 10% to 25%