Features

• Complete financing package for meeting working capital, trade, guarantees and business expansion needs of your business.
• Financing up to PKR 25.0 Million.
• Quick and convenient processing.
• Competitive markup/installment rates and processing fee.
• No stock insurance is required.

Requirements

• 25 to 65 years of age
• The sponsor/mortgagor/borrower/ must be resident Pakistanis
• A business in operation for at least 3 years
• A valid CNIC
• Loan application Form
• 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
• Rent Agreement of business place (if premises on rent)
• Two recent Passport size Photographs of the partners / proprietor
• Your last paid utility bill and business data
• A certified copy of your bank statement for the last 2 years
• 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

Repayment Mode & Frequency

RF: Quarterly, calculated on daily-product basis.

FATR: At maturity

DF: Monthly or Quarterly, along with the principal instalment

LG/LC commission and other charges- upfront at the time of issuance of each transaction

Tenor of Loan

Running Finance- On demand/ 1 year

Demand Finance- Up to 5 years (repayable in equal monthly/quarterly instalments)

Letter of Guarantee- –up to 3 years

LC Sight LC Usance- DA tenor up to 120 days

Finance Against Trust Receipt- 120 days

Pricing

Running Finance/ FATR: 3 months asking KIBOR plus applicable spread

Demand Finance: 1 year 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.

Disclaimer

This is to inform you that the State Bank of Pakistan (SBP) will include two years’ history of negative / overdue information (including but not limited to overdue payments, late payments, write-off or reversal of mark-up etc.) in e-CIB. You are, therefore, advised to ensure timely payment of your instalment/ markup to avoid any adverse information being reported or reflected on your e-CIB