Finance Type and Sector
Finance Type
- Long Term finance (upto 8 years).
- Short Term finance (1 year).
- Leasing / financing of locally manufactured vehicles for commercial use. Only one vehicle per borrower is allowed.
Sector and Product
- All sectors and products including agriculture.
- 25 % percent of the finance will be given to female borrowers.
Eligibility Criteria
- SMEs (Only one of the Owners, Partners or Directors must be in the age bracket 21 and 45).
- All citizens of Pakistan holding CNIC aged between 21 and 45 years with entrepreneurial potential.
- Minimum age limit for IT / E-Commerce businesses 18 years.
Security Arrangement
- Tier 1 Finance: Clean, however personal guarantee of the borrower.
- Tier 2 & 3 Finance: As per Bank’s own credit policy.
- Minimum age limit for IT / E-Commerce businesses 18 years.
Finance Sanctioning Criteria
- NADRA Verification of Credentials.
- Telephonic verification by bank of applicant.
- Verification of applicant’s credit history through SBP.
- Physical verification of applicant. For new business applicant the proposed site of business along with residence will be verified and for existing business, there business location will be verified..
- Analysis of business feasibility provided by applicant.
- Credit decision by bank based on risk analysis.
- If approved, then applicant must provide timely security/collateral as well as required equity contribution.
Basic required Documents
- Passport Size Picture.
- CNIC - Front Side.
- CNIC - Back Side.
- Latest Educational degree / certificate, if and whichever applicable: Matric, Intermediate, Bachelors, Masters, PHD etc.
- Experience certificate(s), if applicable.
- License / Registration with Chamber or Trade Body, if applicable.
- Recommendation Letter from respective chamber / trade body or Union, this is mandatory in case of existing business..
- National Tax Number.
- Consumer ID of Electricity bill of your current address.
- Consumer ID of Electricity bill of your current office address, if applicable.
- Complete Registration number of any vehicle registered in your name, if applicable.
- Name, CNIC and Mobile numbers of Two References other than Blood relatives.
- An estimate of Monthly business income, business expenses, household expenses and other income should be available with you in case of new business.
- In case of existing business please provide actual Monthly business income, business expenses, household expenses and other income..
Pricing
Product
- Tier 1
- Tier 2
- Tier 3
Customer Pricing
- 3%
- 4%
- 5%
Corporate Partnership With
