HBL Seasonal finance caters to the financing needs of Flour mills, Cotton Ginning mills, Rice husking, Oil seed and pulses (dall) processing mills based on past performance and installed capacity.
Any other requirement which the bank may deem necessary from time to time.
Regular utility bill payment history for last 6 months.
The primary sponsor/ mortgagor / borrower must be resident Pakistanis
The borrower must fulfill the bank and applicable regulatory policies.
Limit amount calculation through indigenously
developed credit model for facilities based on past season production, capacity
and account credit turnovers, etc.
From start to end of season –Maximum up to 10 months
Funded Facilities-3 months average asking KIBOR plus applicable spread
Non Funded Facilities-As per Schedule of Bank Charges
Minimum 33% of Force Sale Value of the mortgaged property for CF limits only.
Minimum 50% of Force sale value of the mortgaged property for Combined / Mixed limits (CF with RF/DF/LG etc.)
As per schedule of charges
As per facility and crop pattern
*Financing facilities are approved at bank's discretion.