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Askari Bank
Askari Bank

Askari Sahar Finance (Financing for Womens- Based on SBP Refinance Scheme for Women Entrepreneurs)

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Loan Limit Range
Up to PKR 5M
Markup Rate
Contact bank officer
Max Tenure
For Long Term Finance (LTF-I) is allowed for maximum 05 years (inclusive of grace period). For Short Term Finance (LTF-II) is allowed for a period of maximum 3 year with no grace period
Eligible Sectors
Manufacturing, Services, Trading

Eligibility & Qualification Criteria

  • For SMEs Sole Proprietor, Partnership Firm (registered), Private Limited Company, Limited Company
  • For Womens only
  • Citizens having Pakistan Valid CNIC
  • New Business: Age Between 20-50 years at the time of application
  • Existing Business: Age Between 20-55 years at the time of application

Financing Scope & Purpose

  • Business Startup

Required Documentation Checklist

  • Loan Application Form (SE./ME)
  • Copy of CNIC
  • Two Recent Passport Size Photographs
  • Copies of Educational Certificates (if any)
  • Vocational Training Certificate / experience certificate (if any)
  • Copy(ies) of Guarantors' CNIC (for Un-secured financing)
  • Copies of security / collateral documents (for secured lending)
  • Evidence of collateral (copy of property / vehicles documents) to be provided.
  • Company's existence evidence as per company's legal structure
  • In case of collateral backed loans, all documents as per bank policy would be required.
  • Any other document(s) required by Askari Bank

Collateral & Security Requirements

  • For un-secured upto Rs. 0.70M
  • Personal Guarantee of Borrower supported by Net Worth Statement
  • Third Party Guarantee supported by net worth statement.
  • Upto Rs. 0.50M One Guarantor, Govt employee (14 grade or above).
  • Upto Rs. 0.700M One Guarantor, Govt Employees (17 grade or above)
  • For Secured upto Rs. 5.0M
  • Residential / commercial / industrial property.
  • Vehicle in the name of borrower or parents or spouse.
  • Agriculture land not eligible.
  • Fard based property to be accepted with registered mortgage.
  • Cash Collateral
  • Vehicle
  • 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