Textile Utility Financing (Running Finance)

Eligibility & Qualification 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.
• 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.

Financing Scope & Purpose

• Payment of Labour & other expenses
• Payment to Suppliers
• Purchase of Raw Material

Required Documentation Checklist

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 return
• NTN certificate.

Banking Relationship Related Documents:

• 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:

• Copy of CNIC
• 2 recent passport size photographs
• Proof of relationship if not evidenced by CNIC

Collateral & Security Requirements

• Maximum up to 3 collaterals including residential & commercial properties and land with maximum up to 70% LTV