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Portal Home Products Directory Al Baraka Bank Ltd.
Al Baraka Bank Ltd.
Al Baraka Bank Ltd.

Prime Minister's Youth Business and Agriculture Loan Scheme (PMYB&ALS)

Loan Limit Range
PKR 500K - 7.5M
Markup Rate
Contact bank officer
Max Tenure
8 Years (max)
Eligible Sectors
Agriculture, Manufacturing, Services, Trading

Eligibility & Qualification Criteria

  • SMEs

Financing Scope & Purpose

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

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
  • Mortgage of Property
  • Charge on Assets
M
Mr. Shahid Malik
Head Products SME & Commercial
Shahdin Manzil, Faisal Chowk, The Mall
City: Lahore
Call 0333-4324007 Compare with Other Banks