Pension Loans
Thardeep Microfinance foundation offers a pension loan to retired government employees. The loans may be utilized for the various purposes which enabling them to bridge up their financial shortages.
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: 3,00,000
Loan Duration
- Minimum: 12 months
- Maximum: 24 Months
Repayment Frequency
- Equal monthly based installments
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