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Easy Loan of Rs 50000 to 2000000 by First Women Bank Pakistan | Cash Against Gold | GoldEncash | Bank Loan without Credit History



GoldEncash

First Women Bank Limited has introduced GoldEncash – a product that lets you meet your business needs as well as safeguard your assets.  Get a loan of up to 60% of the value of your gold deposit, to be repaid in monthly installments for up to 3 years.
Features of the Scheme 

Eligibility Criteria
As per Credit Policy of the Bank (Businesswomen and Businessmen both are eligible)

Purpose/ Nature of facility
To meet business related needs.

Age Limit
Maximum age 65 years

Running Finance
One year (Renewable) as per satisfactory repayment behavior/history of the Borrower.

Term Finance
Financing facilities up to 03 years

Finance Amount
60% of the gold value
Minimum Rs. 50,000/- to Maximum Rs. 2000, 000

Pricing – 06 month KIBOR + 600 bps.

Processing Charges
Loan Processing Fee will be as per Bank’s Schedule of charges

Insurance
Fully covered

Collateral/Security
Gold Cover/ Gold Ornaments

Valuation of Gold
By the approved jeweler on the Bank’s Panel

Repayment Period
Flexible and Rollover facility

Turnaround Time
10 working days from the date of receipt of complete documentation

Designated Branches:

Karachi
Shop #  8 & 9, Abdullah Regency, Plot # 15/124, BMCHS,
Block – 3, Main Jamal-ud-Din Afghani Road,
Sharfabad
Phone : 021-34122447, 021-34122448

Lahore
S-19, R-34, Commercial Building,
Mall Road
Phone: 042-37123400
Fax: 042-37123401

Islamabad
Umar Plaza,
G-9 Markaz
Phone: 051-9261700
Fax: 051-9261427

Official Website Link
Download Form
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