Business Finance – Financing Solutions for Your Enterprise

Business Finance – Tailored Financing Solutions for Your Enterprise

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

Eligibility Criteria for Business Finance

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

Rates & Charges for Business Finance

  • 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