Bussines Loan
Small Business Finance offers
Running Finance, Demand Finance, Letter of Guarantees and Letter of Credit against mortgage of residential / commercial / industrial properties
Features And Benefits
- Stock insurance not required
- Only 25% cleanup required
- Affordable markup rates to be paid on a quarterly basis
- Quick processing and loan disbursement
- Minimal processing charges
Eligibility
- Applicant must be a Pakistani National Identity Card Holder
- He/she should be between 23 and 60 years of age at the time of the application, subject to maximum age of 60 on maturity of finance
- He/she must be running a business for at least 3 years with a satisfactory track record
- The security against the finance should be a mortgage of urban residential/commercial property (ies)
- Validity of the financing shall be initially for a period of one year
- Financing facility up to 70% of assessed market value of mortgaged property
- 3 times turnover of the limit assigned is required in the account