Our Business Finance offering provides flexible financial solutions for businesses, including running finance, letter of guarantee (LG), letter of credit (LC), and other import/export-related facilities, all backed by the mortgage of residential or commercial property.
Key Features and Benefits:
No stock insurance required
Only 25% cleanup required
Affordable markup rates, payable on a quarterly basis
Quick and efficient loan processing and disbursement
Minimal processing charges, ensuring cost-effectiveness
To qualify for our Business Finance solutions, applicants must meet the following requirements:
The applicant must be a Pakistani National Identity Card holder
The applicant should be between 23 and 60 years of age at the time of application, with a maximum age of 60 years at the maturity of the finance
The applicant must have been running a business for at least 3 years with a satisfactory track record
The security for the finance must be the mortgage of urban residential/commercial property(ies)
The financing facility will be initially valid for one year
Financing can be provided up to 70% of the assessed market value of the mortgaged property
The applicant’s business account should reflect three times the turnover of the assigned limit
Processing Fee (upfront with LAF): As per the Schedule of Charges
Documentation Charges: Actual cost of revenue and special adhesive stamps
Legal Charges: Actual and approved charges of lawyers from the Bank’s approved panel
Valuation Charges: Actual and approved charges of valuators from the Bank’s approved panel