Agri Finance (Running Finance)
Loan Amount
PKR 1M - 30M
Markup Rate
Kibor + 5% - 5.5%
Loan Amount
PKR 1M - 30M
PKR
Markup Rate
Kibor + 5% - 5.5%
Per annum
Tenure
Up to 1 year
Max period
Eligibility Criteria
- Must be a Pakistani Resident
- Fresh Customers and BTF
- Approved cities: Karachi, Lahore, Rawalpindi, Islamabad, Faisalabad, Multan and Gujranwala.
- Min Income PKR 50,000 per month
- Borrowers age: 25-60 years for primary and up to 65 years for income co-borrower. While 18 -65 years for property co-borrower. Moreover, the max age for primary co-borrower in case of BTF is extendable up to 65 years.Â
- Business Tenor Requirements: Min 5 years for fresh customers while min 3 years for BTF.
- The loan is renewable on completing the 1st tenure in good faith.
Documents Required
- Personal Document:
- Copy of CNIC
- Passport Size Photo
- Property Related Document:
- A complete chain of original documents of property.
- Copy of approved building plan
- Copy of Last Property Tax
- Business Related Document:
- Proprietorship & Partnership deed etc.
- Copy of title documents or rent deed
- Copy of last 6 months paid electricity bill business premises;
- Income tax returns;
- NTN certificate.
- Banking Relationship Related Documents:Â
- 12 months bank statement; list of property documents/ Certificate (only BTF); list of property documents held with other banks( for BTF)
- BBFS
- Bank certificate in case of proprietorship & partnership concern
- Financial statement as per SBP SME PR
- Documents Required in case of Co-borrower:
- Â Copy of CNIC
- 2 recent passport size photographs;
- Proof of relationship if not evidenced by CNIC
Collateral
- Maximum up to 3 collaterals including residential & commercial properties and land with maximum up to 70% LTV
SME Finance Officer — Bank Alfalah Limited (BAL)
Faisal Shabbir, Regional Sales Manager
Multan
