APNA Microfinance Bank

PPG – RF LIMIT AGRI

Product Features: APNA RF Limit Loan - Agriculture Eligibility Criteria

Target Audience : Small Farmers and Agri Micro Entrepreneurs (For Agri inputs) • Applicant should be residing & doing business in the
respective Tehsil or 20-KM whichever covers the more
For Individuals: Up to Rs. 150,000/- distance of the Branch vicinity.
For Micro Entrepreneurs: Rs. 150,001/- to Rs. 500,000/- • Applicant should hold a valid CNIC.
Loan Amount :
(All cases under RF Limit Loan-Agriculture will only be • Age limit is 65 years at the time of maturity of loan.
processed where loan is secured/collateralized) • Applicant should not be in the negative professions list as
per AMBL’s Credit Policy.
Provision of working capital covering the entire spectrum of • Applicant should not be defaulter of any financial institution
Agriculture needs of Small Farmers and Agri Entrepreneurs to
encounter their day to day Agriculture overheads on major and Documentation
Purpose of Loan :
minor crops regarding expenses of Agriculture inputs like
fertilizer, pesticides, cultivation, labor and for the purchase of Following documentation will be required from the
Agriculture farming machinery/equipments. Applicant:
• Copy of CNIC.
For Individual Category:
• 2 Passport Size Photographs.
Maximum annual income (NDI/Gross Salary of borrower) must
Income of • Copies of Latest Utility Bills (Not Older than 3 Months).
: not exceed Rs.500,000/- per annum.
Applicant • Business Proof/Fard Malkiat/Agri Passbook.
For Entrepreneur Category:
As per guidelines provided in Prudential Regulations (PRs). • 2-Security Cheques from Applicant.

General Loans Enterprise Loans

(Up to Rs. 150,000/-)
2% + Rs. 500 (for Punjab &
KPK) & 0.3% of the Financed
Processing Charges & amount (for Sindh) + Tax
Insurance Rate
Life Insurance:
0.42% of Financed Amount
Asset Insurance:
2% of Financed Amount
For RF Cases:
(Rs. 150,001/- to Rs. 500,000/-)
2-Advance cheques are required.
1.5% + Rs. 500 (for Punjab & o 1 equivalent to the purchase price (Principal +
KPK) & 0.3% of the Financed Mark-up)
amount (for Sindh) + Tax o Cheques equivalent to the 6-months Mark-up are
required in terms of selected loan tenure.
Life Insurance:
0.42% of Financed Amount
• Acknowledgement of cheques will be provided to customers.

Product Type : Running Finance (RF) Limit

Risk Assessment Criteria
Financing
: 36 Months
Tenure
Customer Segment:
• Principal adjustment at maturity. There are three main segments namely:
a. Low Income Individuals/Farmers.
• Mark up servicing on Half Yearly basis (5th b. Micro & Small Entrepreneurs.
May & 5th Nov of each Year) i.e.
Repayment : c. Women: To equitably expand economic opportunities
✓ Loans disbursed during 1st May to 31st Oct will pay and to maximize value for all stakeholders.
1st mark up on 5th Nov.
✓ Loans disbursed during 1st Nov to 30th Apr will pay Residential Ownership Status:
1st mark up on 5th May. The applicant must reside in her/his own/family house. In case
applicant is living on rented place, min. tenure of residing must
Renewal : N/A
be at least 2-years in same area.

Secured: Credit History:

Pricing :
APR 28.50%
All applicants to be screened through online ECIB Database with
the following criteria:
General Loans:
• Asset & Life Insurance is mandatory in all cases. • Presently not in 30 DPD in any products.
• Insurance premium will be recovered upfront. • Not more than once in 30 DPD in last 6 months.
Insurance: :
Enterprise Loans: • Not more than twice in 30 DPD in last 12 months.
• Only Life Insurance is mandatory in all cases & will • Never in 60 DPD in last 12 months.
be recovered upfront. • No write off / charge off.

Security/Collateral

General & Enterprise Loans:

• Gold / Lien/Equitable Mortgage on Residential/Commercial Property/Lien on Agri

Passbook.

In case of residential / commercial property Original Registry, Original Fard for

loan (“Fard Barae Husool-e- Karza”) & Legal Opinion from Lawyer will be
required to dispatched along with the file.

Version: V1
Updated: November 2019
Developed By: Product Development Div.