• 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.