MUZAFFARABAD: The Bank of Azad Jammu and Kashmir (BAJK) has provided loans of more than Rs380 million to about 15,000 customers under the special loan scheme called ‘Gold Loan’.

According to sources, any account holder of the bank can benefit from the gold loan scheme for a renewable period of up to one year while the bank is the only financial institution in the region with the lowest mark-up in the market. It is providing facility of loans against gold on very easy terms and rates.

The bank provides loans against gold with the fastest processing under the slogan "Sona Bhi Mahfooz, zaroorat Bhi Puri" which is benefiting a large number of needy people. Considering the trust of the customers, the loan limit has been increased to Rs10 lakh so that more and more customers can benefit from it.

The details further said that easy access of customers to credit schemes and prompt payments are accelerating the socio-economic development of the region. Besides, under the supervision and guidance of President/CEO Khawar Saeed, the bank is achieving business goals with the hard and team work of the staff, with the support of the customers.

Copyright Business Recorder, 2023