HBL Small Business Finance offers Running
Finance, Demand Finance, Letter of Guarantees and Letter of Credit against
mortgaged of residential/ commercial/ industrial properties.
Financing up to PKR 10 million
Demand Finance Facility up to 70% of the assessed
value of your property
Affordable instalments/mark up
Running Finance and Guarantee facilities renewable
Demand Finance facility up to 3 years
The sponsor/mortgagor/borrower/ must be resident Pakistanis
A business in operation for at least 3 years
Copies of last 3 years Income Tax returns filed in the business name, if applicable
Copies of last 3 years Income Tax and Wealth Tax returns / statements filed for partners/ proprietor/ directors, if applicable
Copy of Title documents (Sale Deeds, Transfer Letter, etc.) and other supporting documents of property offered to the bank as security
Copy of latest payment receipt for Property Tax and duties, levies paid in respect of the property offered to the bank as security, if applicable
Copy of current professional association / trade body membership, if applicable
Borrower’s Basic Fact Sheet on the appended format
Bank’s Charge documents after loan is approved
Rent Agreement of business place (if premises on rent)
Two recent Passport size Photographs of the partners / proprietor
Stock report in case of Manufacturing and Service concern
Your last paid utility bill and business data
Insurance of mortgage property after loan is approved
A certified copy of your bank statement for the last 1 year
A proprietorship letter or partnership deed or latest form 29 or search report as applicable
Evaluation of collateral and legal vetting of property documents
*Financing facilities are approved at bank’s discretion.
The product is focused towards SMEs in Manufacturing, Services and Trading sector
Repayment Mode & Frequency
DF: Repayable in equal monthly installments consisting of principal and mark-up.
Mark-up payments can be made through direct debits / online and deposits at branch counters.
Additional mark-up on late payment of mark-up / installments shall be charged as follows:
Up to 30 days from due date: No additional Mark-up to be applied as per Section 4.6.
More than 30 days from due date: Additional mark-uprate of 5% p.a. over and above applicable markup rate to be applied from due date till adjustment / settlement date of the amount due.
Tenor of Loan
Running Finance- On Demand
Demand Finance- Up to 3 years
Letter of Guarantee- Up to 2 years
Letter of Credit- Up to 180 days
Running Finance: 3 months average asking KIBOR plus applicable spread
Demand Finance: 1 year average asking KIBOR plus applicable spread
Letter of Guarantee/Letter of Credit- As per Schedule of Bank Charges
Fees and Charges
As per schedule of charges
Please visit our nearest branch for further details.