Membership Loan

Membership loans

Membership loans are loans which are given to the applicants who are  our registered beneficiaries under this project. All type of applicants: students, farmers, women, business men and professionals can equally benefit from our membership loans once they are registered with us. Any individual can apply for registration on this form….

Once you fill registration form, it may take three to four business days to make the registration process complete and issue you your registration card. This card is a valid proof o your registration with our project TFA. Once you are registered and get your registration card, you are made eligible for Membership loans. Then you can apply for a loan for your business or education.

Eligibility criteria:

The persons (male or female)

•  Having valid CNIC
• Having monthly income less than 50 thousand per month
• Residing in District Kasur for at least 10 years
• Under the age of 40 years

 Please note that:

1. Membership annual subscription fee is 3000 rupees which is to be paid in cash for getting your registration card
2. No loan under “Membership Loan” scheme can be issued to a person without a membership card issued by TFA.
3. A registered member can take loan any time once he/she returns the previous loan.
4. “Membership loan” is 100% interest free. (you will return the same amount as you get as loan)
5. Member ship loans ranges from 1000 to 15000 rupees.
6. The borrower will return the loan in maximum 6 installments of equal amount. (usually within a year)
7. Only one loan can be issued at a time to one member
8.  No extension will be given in due date of returning the full loan or in payment of an installment

A member who takes loan under this scheme will have the following options to pay the loan back to TFA:

• -          He/she may pay the loan in monthly installments (maximum 6 installments of equal amount)
• -          He/she may pay the amount back in less than 6 installments of equal amount
• -          He/she may return the whole amount together in single installment within three months of taking the loan

Standard penalty for the late payment of installment is 5 % of the installment amount. (to get one month extension in installment date)

The benefits of Membership are:

• Instant and unlimited loans
• No guarantor needed
• No processing time
• Easy repay mechanism

Registered Member?  Apply for Loan

New beneficiary?  Apply for Registration