SMEDA SMEDA Pakistan
·
Government of Pakistan
·
SBP State Bank of Pakistan
Portal Home Products Directory Askari Bank
Askari Bank
Askari Bank

Ask Fauri Business Finance

Loan Limit Range
Up to PKR 200M
Markup Rate
Contact bank officer
Max Tenure
• Running Finance (Up to 1 year) • Term Loan (Up to 3 Years) • Letter of Guarantee (Up to 30 Months) • Letter of Credit – Sight / Usance ( Usance period 120 days)
Eligible Sectors
Manufacturing, Services, Trading

Eligibility & Qualification Criteria

  • For SMEs Sole Proprietor, Partnership Firm (registered), Private Limited Company, Limited Company
  • All except individuals
  • Citizens having Pakistan Valid CNIC

Financing Scope & Purpose

  • Purchase of Raw Material
  • Guarantee/LC

Required Documentation Checklist

  • Application Form for SE/ME
  • Copy of CNIC
  • Copies of firm/company registration documents
  • Annual / Semi annual Financials (Audited in house as per SBP Requirement)
  • Any other document required by Askari Bank

Collateral & Security Requirements

For Askari Bank Customers:

  • Lien on AKBL LCY deposit (CA/SA) / TDR in personal/business account of applicant or Third-Party Account (family members only)
  • Lien on AKBL FCY deposit in personal/business account of applicant or Third-Party Account (family members only).
  • For National Saving Certificates: Duly marked Lien on NSCs (third party not allowed) (Saving certificates where borrower is joint owner to be accepted )
  • Any other eligible security collateral as per Askari Bank Policy.
K
Kumail Hassan
Manager Product Development
Askari Bank Head Office F8
City: Islamabad
Call 051-8097210 Compare with Other Banks