Features

• Financing up to PKR 15 million
• Complete financing package for meeting working capital, guarantees and business expansion needs of your business.
• Quick and convenient processing.
• Competitive markup/installment rates and processing fee.
• No stock insurance is required.

Requirements

• The sponsor/mortgagor/borrower/ must be resident Pakistanis having age between 25 to 65 years
• A business in operation for at least 3 years.
• Attested photocopy of CNIC of Sponsor/Owner/proprietor/Partners/Directors and mortgagor.
• Loan application Form on Prescribed Format​
• Copy of Title documents (Sale Deeds, Transfer Letter, etc.), latest payment receipt for Property Tax and duties, levies paid in respect of the property and other supporting documents of property offered to the bank as security
• Copy of current professional association / trade body membership/NTN certificate, if applicable
• Copy of Rent Agreement of business place (if premises is 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 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.

Repayment Mode & Frequency

• RF: Monthly / Quarterly - depending on loan size (Monhtly - For loan sup to PKR 10M , Quaterly - For loans above PKR 10M)
• 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

Tenor of Loan

• Running Finance- On Demand
• Demand Finance- Up to 3 years
• Letter of Guarantee- Up to 3 years
• Letter of Credit- Up to 180 days

Pricing

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.​

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