First Amanat Sarmaya

Individual Finance against Gold Collateral up to Pkr 150,000

First Amanat Sarmaya is an individual loan product offered against gold collateral. The product targets a market segment, which has built savings in the form of gold and is looking for greater freedom in accessing financial facilities from the formal sources. Backed by competitive features and a simple one day process, the Product caters to the needs of clients looking for larger and quick loans.

Eligibility Criteria
  • Annual income (net of business expenses) not exceeding Pkr 500,000
  • Valid CNIC
  • Age between 18-64 years
Type of Credit
  • Short and Medium Term Finance
Purpose of Credit
  • Purchase inventories/agriculture inputs, manage receivables, make payment to creditors, etc. for micro/small businesses including farming businesses
  • Purchase or build business or household assets
  • Meet social dispensation and emergency needs e.g. education of children, health care, housing repairs, and family maintenance (including personal expenses)
  • Repayment of expensive debts
Lending Methodology
  • Individual Basis
Loan Amount
  • Minimum: Pkr 20,000
  • Maximum: Pkr 150,000
Loan Tenor
  • Up to 24 months (with facility of roll-over and loan enhancement)
Loan Repayment
  • Equal Monthly Installments
  • Equal Quarterly Installments
  • Bullet Installment
  • Gold (bars, ornaments, jewelry)
Other Benefits
  • Credit Linked Life Insurance