Maximum loan size PKR 2 Million
Mark-up 6% per annum
Tenor: Maximum 8 years (1 year grace period)
Application processing fee of Rs. 100 will be charged to the customer
Applicant should be Pakistani resident with a valid
Applicant must be between 21 years and 45 years of age
For existing businesses: Genuine business concern plus applicants involvement in the business
For new establishments: Applicant must have relevant technical skills/ educational degree
Borrowing request should accompany a Workable Business Feasibility
Borrower should meet KYC and AML guidelines of HBL.
Life insurance of the borrower must equal to the amount of loan (before loan disbursement)
Compliance to relevant PRs of Small Enterprise SE
Applicant to confirm that he/ she hasn’t availed PMYBL from any other bank
Guarantor Criteria: Guarantor(s) must have individual or collective net worth of 1.5 times of requested loan. OR
Be Government employee with minimum 8 years of remaining service.
Borrower can also offer property as collateral valuing at least 1.5 times the loan amount in lieu of guarantee.
Clean CIB report of the borrower and guarantor(s)
Applicant will be required to provide at least 10% equity in the form of cash or immovable property (of the approved amount at the time disbursement)
Hypothecation of Business Assets
Current and Movable Assets both duly insured with bank clause.