Thardeep microfinance foundation is offering the loans against remittances to the families of those whose family members are working abroad and could not send the money on time to them. Even they themselves could apply for the loan before going to abroad. Loan terms and conditions are here under:

Loan Eligibility

• Age between 18 to 65 year
• Valid CNIC of borrower
• Valid CNIC of Guarantor
• Must be a permanent resident of same place from last 2 years
• Social/Tangible Guarantee as per policy

Lending Methodology

• Individual

Loan Amount

• Minimum Loan Amount: 50,000
• Maximum Loan Amount: 5,00,000

Loan Duration

• Minimum: 06 months
• Maximum: 12 Months

Repayment Frequency

• Lump-sum

Collateral/Tangible Guarantee

• Up to Loan amount of Rs. 100,000
  Requirement of Guarantor
• Non-Family Member
• Bank cheques and statement as per loan policy and procedure
• Guarantor must be a Government employee or Market shop keeper

Disbursement and Recovery

• Bio metric disbursement in 1 to 3 days after the appraisal
• Easy repayment through ADCS channel and Mobile account

Insurance

• Client Life covered as per loan Amount