Loan Recovery from Defaulters by Credit Department

The Credit Department of a financial institution in Lahore is seeking services for the recovery of loans from defaulters. This procurement is specifically aimed at engaging experienced recovery agents or firms capable of handling loan recovery cases efficiently within the jurisdiction of Lahore city. The scope of work involves contacting defaulters, negotiating repayment plans, and ensuring the recovery of outstanding loan amounts. The department requires bidders to have a proven track record in loan recovery services, with relevant experience in financial recovery and legal procedures. Firms or individuals must be registered with FBR and appear on the Active Taxpayers List (ATL) to be eligible. Additionally, bidders should provide a valid PEC category if applicable and submit a CDR or Earnest Money as per the tender requirements. Interested parties should prepare their technical and financial bids carefully, ensuring all required documents are included. The submission deadline is strictly enforced, and bids must be delivered to the Credit Department office located at 159-B/M, Quaid-e-Azam Industrial Estate, Multan Road, Lahore. The contact phone number for inquiries is 021-111-003-737. A practical tip for bidders is to ensure that all financial and technical documents are complete and clearly demonstrate past successful recoveries. This will strengthen the bid and improve chances of selection. Timely submission before the deadline is crucial to avoid disqualification. This tender offers a valuable opportunity for firms specializing in financial recovery services to collaborate with a reputable department in Lahore and contribute to effective loan management.