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Faysal Bank
Faysal Bank

Islamic Refinance Facility for Modernization of SMEs Modernization of SMEs

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Loan Limit Range
PKR 25M - 200M
Markup Rate
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Max Tenure
The maximum financing tenor is 10 years including a grace period of 6 months (Financing is allowed preferably up to 5 years)
Eligible Sectors
Agriculture, Manufacturing, Trading

Eligibility & Qualification Criteria

  • Medium to long-term financing is allowed to all SMEs for the modernization of their existing units. Preferably financing is allowed to purchase local or imported new machinery to expand business.
  • The entity should be profitable for one year.
  • The company and its sponsors must have clean CIB(s).
  • The company should be operating in the same sector for at least 2 years.
  • Other covenants may apply considering the sector where the client operates.

Financing Scope & Purpose

  • Payment of Labour & other expenses
  • Payment to Suppliers
  • Purchase / Construction / Renovation of Building
  • Purchase of Agricultural Machinery and Implements
  • Purchase of Dairy/Livestock/Poultry Machinery
  • Purchase of Machinery and Equipment
  • Purchase of Raw Material

Required Documentation Checklist

  • Company profile.
  • CNIC of all sponsors
  • SBP's LAF
  • Audited or Management Financing.
  • Exact utilization of funds.
  • Repayment plan
  • Future cash flows
  • Other documents/information may be required considering the sector where the client operates

Collateral & Security Requirements

  • For well-established companies, FBL may allow financing against personal guarantees and hypothecation of current or fixed assets, along with a charge over the asset purchased.
  • For larger exposures, hypothecation over current or fixed assets with tangible collateral will be required.
A
Aamir Salehjee
Head
Faysal House, ST 02, Main Shahra-e-Faisal
City: Karachi
Call 021 32795532 Compare with Other Banks