BAJK provides Rs.14.6 crore to the customers under the special scheme “Personal Loan”.
The needy are benefiting from the facility of lowest markup rate, fastest processing, monthly and quarterly
repayments, spokesman.
MUZAFFARABAD ( Web News )
Bank of Azad Jammu and Kashmir has provided loans of more than 14.6 crore rupees to the customers under the special loan scheme “Personal Loan” for household and family needs. Mr. Khawar Saeed, President and Chief Executive Officer of the Bank, said in a review meeting that Bank of Azad Jammu and Kashmir provides credit facility to the customers at the lowest markup rate and very convenient terms in the market. Loans under personal loan scheme are given against Saving Certificates, bank’s own and deposits of other banks. The loan tenure is up to three years and monthly, quarterly repayment facility is provided. Customers are benefiting from loans with fastest processing. He said that the bank is playing a positive role in the socio-economic development of AJK. According to the bank spokesperson, customers can access and pay quickly for loan schemes like advance salary loan, tourism development, housing finance, gold loan, car financing, motorcycle loan, home appliances, SME, micro, commercial and healthcare etc. The economic development of the region is accelerating. The spokesman added that the AJK government, the patronage of BODs, especially the Chairman, the supervision and guidance of the President/CEO Khawar Saeed, the hard work of the staff, team work, and the cooperation of the customers have set the bank at progress.