The participants of Citizen Investment Fund will also get housing and simple loans from the branch offices. According to the fund, arrangements have been made to provide accommodation and simple loans to the participants from all the branch offices of the fund.
The loan facility has been facilitated with the aim of making it easy for the participants of the fund to take such loans even from Mofsal.
Before this, all branch offices had to send loan documents to the central office for housing and simple loan approval. After the new system, the loan up to a certain amount will now be available from the branch office itself, so the claim fund expects the customer to get ease in the loan transaction . The
fund has arranged that up to 90 percent of the savings amount can be loaned to the participants. Previously, the limit of such savings was up to 80 percent of the savings amount in the name of the participant.
