Muzaffarabad, March 25, 2023 (Online): Bank of Azad Jammu and Kashmir has provided more than 364.18 million rupees loans to the state customers under the special loan scheme “Running Finance”.
According to details regarding Running Finance, it was said that any account holder of Bank of Azad Jammu and Kashmir who wants to expand his business can benefit from this scheme while the objective of this scheme is to provide loan for purchase of stock, meeting operational expenses of business, existing business/proposed expansion.
This bank is the only financial institution in the region which is providing loan facilities to the customers under this scheme for a period up to one year at the lowest markup rate in the market and on the most convenient terms and this period is renewable in case of satisfactory repayment of the loan.
Customers are given loans with the fastest processing so that more and more customers can benefit from it. The running finance limit is fixed keeping in view the value of the business under prudential regulations of State Bank of Pakistan.
It is to be mentioned here that under loan schemes like advance salary loan, gold loan, housing finance, personal loan, car financing, motorcycle loan, home appliances, SME, micro, commercial, tourism development and health care etc., access and instant payments are accelerating the social and economic development of the region while under the supervision and guidance of President/CEO Khawar Saeed, the hard and team work of the staff, with the support of the customers, the Bank is achieving the business goals.
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