NRSP Bank Loan Scheme 2023
Posted by | Haider on | January 8, 2023
People who need loans to build a house or build an addition to their current home, or remodel their existing one are eligible for a home loan.
NRSP Microfinance Bank Limited
NRSP Microfinance Bank Limited is one of the most prominent microfinance institutions in Pakistan. It began operations in March 2011 with a mission to be socially responsible for providing financial assistance to low-income and marginalized customers, including small-scale and landless farmers. The Bank provides high-quality bank services to loyal customers, which include Government as well as Private Institutions.
NRSP Bank adheres to internationally acknowledged corporate governance standards and prudent practices in banking. This has allowed the bank to increase its equity by a third within five years. In addition to offering new solutions and products, it is the first licensed supplier of Islamic microfinance in Pakistan.
Government Markup Subsidy Scheme up to PKR 2,000,000
NRSP Bank capital is fully supported by the most prominent holdings of organizations that include: International Finance Corporation, Acumen, KFW as well as the National Rural Support Program itself. The bank has been able to expand its reach throughout the country, by establishing over 155 branches spread across 53 districts. The bank’s services provide various financial options, such as micro-credit, micro-deposits, and deposits to the “uninitiated” portion of the population.
National Rural Support Programme (NRSP)
NRSP Bank Kisan Zari Kardaza – Agricultural Loan Scheme
The loans are for those who need working capital or funds to finance the tasks listed below. To secure collateral, you can offer land, vehicles, or even gold jewelry to the banks. NRSP offers a loan of Rs.80000 and up to Rs.1000000 to establish your business or to meet other requirements. The loan’s maximum term is 36 months, which will cover all of the needs. All Pakistani citizens are eligible to take advantage of this loan. The procedure for a loan is simple and quick as described below.
The amount of the loan
- Minimum Loan Amount: Rs.30000/-
- Maximum Loan Amount: Rs.1000,000/-
- The loan amount for business activities that generate income that exceed Rs.150,000 will be disbursed after an appropriate evaluation by the loan officer, however, the lending procedure will be the same as in the Gold Loan product.
Purpose of loan
|Small Business & Enterprise||Startup Business|
|Asset Purchase||House Renovation/Repair & Maintenance|
|Domestic Needs/Emergency Loans||Education|
Any Other Legal Activity
- Purpose of loan
- Business Expansion
- Purchase of Stocks/Inventory
- Purchase of Business Assets
- Working Capital for day-to-day business expenses
- Dairy Farming Business
NRSP Bank Loan – Bank Loan for House
|Loan eligibility||Aged 20-63, should have a valid CNIC.|
|Loan duration||Minimum 3 Months
Maximum 24 Months (Up to PKR 500,000)
Full 36 Months (above PKR 100,0000)
|Repayment option||Equally Monthly Installments
Post Dated Cheques, Mortgage of urban/rural property
Personal Guarantee/Hypothecation on vehicle/Hypothecation on Stock, inventory, animal/Gold Ornaments
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