Al Baraka Bank Ltd.

Refinance and Credit Guarantee Scheme for Women Entrepreneurs (WE Scheme)

Loan Limit Range

Up to PKR 5M

Markup Rate

1. 1.75% + Deposit Rate (Deposits)2. 1.25% + 6 Month KIBOR for limit >= 10 million (DSC/SSC)2(a). 1.75% + 6 Month KIBOR for limit < 10 million (DSC/SSC)3. 1.75 spread + 6 Month KIBOR (FCR/Other Bank Deposit)4. 2% spread + 6 Month KIBOR (Bonds)

Max Tenure

5 Years (max)

Eligible Sectors

Manufacturing, Services, Trading

Eligibility & Qualification Criteria

SMEs

Financing Scope & Purpose

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

Required Documentation Checklist

Attested copy of the CNIC(s) of proprietor/ partner/director (as applicable)
One recent passport-size photograph of proprietor/partner/director (as applicable)
Copy of any latest paid utility bill received at the residential address
Copy of rent deed/lease deed, where property is rented
Undertaking that the customer is not the director, major shareholder holding 5% or more of the share capital of the Bank, its chief executive or an employee or any family member of above interested persons
Copy of net worth statement (if available)
Copy of any latest paid utility bill received at business address
Copy of rent deed/lease deed, where property is rented
Copy of current professional association/ trade body membership (if available)
Company profile (history/future plan)
Project information/product list
Financial statements of last year at least and preferably for the last three years
Online tax verisys
National Tax Number certificate
Partnership deed, Copy of certificate of registration of partnership (only required for partnership concerns)
Partnership mandate
Memorandum & Articles of Association and Certificate of Incorporation (only required for limited companies)
Latest form 29 certified by SECP (only required for limited companies)
Latest form A (only required for limited companies if applicable)
Board resolution authorising borrowing (only required for limited companies)
ISO Certification(s)

Collateral & Security Requirements

Personal Guarantee

Mr. Shahid Malik

Head Products SME & Commercial

Shahdin Manzil, Faisal Chowk, The Mall

City: Lahore

Call 0333-4324007 Compare with Other Banks