Ask Fauri Business Finance

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.