Marriage Support Loan

Maymar always believes that  Maymarians are a family, be as a resident or its employee. In the current inflationary pressures and social demands, Maymarians may be feeling financial hurdles when their children are getting married, especially when it comes to their daughters.

The Company introduced Marriage Support Loan in August 2019, to the allottees and also to the employees. Maymar has constituted a committee who scrutinizes the cases in respect of allottees of Gulshan-e-Maymar, who recommend the cases for final disbursement to the Management.

  • This loan is called Marriage Support Loan and is strictly for the wedding of the daughters of the allottees of Gulshan-e-Maymar.
  • The maximum amount of the loan will be Rs.300,000/- (Rupees Three Hundred Thousand).
  • A total of five loans up to Rs.300,000/- (Rupees three lacs) will be given every calendar month.
  • In case of more than five applications the approved applicants’ ballot will be held to select the five applicants.
  • The remaining applications will be carried forward to next month and similarly they will be selected in case of less than five applicants in a month.
  • In case of less than five applicants in a month the balance of loan will be carried forward for the next month.
  • The loans will be repayable in maximum of 18 equal monthly installments and the applicants will give post-dated cheques for the repayment of the loan.
  • The loan will be without any charge.
  • The decision of the committee will be final.

Maymar Housing Services (Pvt.) Limited expects that only deserving applicants will submit applications for this loan. This loan is financed by Maymar from their own resources and request for the prayers from the Maymar family.

The above terms and conditions are subject to change with experience and requirements of the situation.

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