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The scheme has the following benefits:

i.Subsidized markup rates
ii.
Loan TypesLoan Amount (PKR Million)Obligor Pricing (%p.a)Loan Tenor
Tier I (T1)Upto Rs 0.5 million0%Upto 3 years
Tier II (T2)Above Rs 0.5 million and upto Rs 1.5 million5%
  • Working Capital Loans – Upto to 5 years.
  • Upto 8 years for long term/development loans with maximum grace period of upto one year.
Tier III (T3)Above Rs 1.5 million and upto Rs 7.5 million7%
  • Working Capital Loans – Upto to 5 years
  • Upto 8 years for long term/development loans with maximum grace period of upto one year.
iiiFacility up to 08 years
ivRepayment by Monthly installment with a grace period option
vLoan amount up to Rs. 7.5 Million
VIQuick processing of 45 Days
VIIFacility available from all the branches of ABL
VIIILoan processing fee of Rs 100/-only

    • Term Loan
    • Working Capital Loan
    • Leasing/financing of machinery and locally manufactured vehicles for commercial use. Only one vehicle per borrower is allowed. A borrower in food franchise and distribution business may avail financing for more than one vehicle.
    • For agriculture, production and development loans are eligible.

  1. Age
    • Age Minimum: 21 Years,
    • Maximum: 45 Years with entrepreneurial potential are eligible.
    • For IT/ E-Commerce related businesses, the lower age limit will be 18 Years
  1. Business type:
  • Small and Medium Enterprises (startups and existing businesses) owned by youth as per above mentioned age brackets.
  • In case of agriculture, farmers’ classification as per SBP’s “Indicative Credit Limits & Eligible Items for Agriculture Financing 2020” will be applicable.

Tier Loan Amount Security
T1Upto Rs 0.5 millionClean (secured only by personal guarantee of the borrower).
T2Above Rs 0.5 million and upto Rs 1.5 millionClean (secured only by personal guarantee of the borrower).
T3Above Rs 1.5 million and upto Rs 7.5 millionSecured Loan

Equity

For New Business

T1 & T2 loans – 90:10
T3 loans – 80: 20

For Existing Businesses:

Nil for all tiers

  • Loan Application Form (English and Urdu)
  • Two recent Passport size Photographs.
  • Valid CNIC/SNIC of obligor Along with CNIC/SNIC NADRA Verisys. Or biometric verification as per AML/KYC/CFT guidelines of SBP by the branch
  • Feasibility Report
  • Financials of the business as per Bank’s Credit Policy.
  • Clean E-CIB of the applicant / obligor with no current overdues / write-off history to be obtained.
  • Undertakings from the obligor in compliance of relevant SBP PRs.
  • In case of collateral (immovable property / liquid securities) valuation & other formalities will be administered in accordance to CP & CPM.
  • Undertaking from the obligor to avail facility from one bank only and not to become a guarantor for loans to other persons under the scheme.
  • Close relatives of ABL employees are not eligible to apply for financing under this scheme to ABL. An undertaking from Obligor confirming the same is required.
  • Two References CNICs.

Other Documents (if required)

  • Educational / Technical diploma Certificates / Experience Certificates
  • Valid Driving License
  • Valid license for business operations.
  • NTN and Latest Tax returns.
  • Proof of any other source of income
  • Legal Status documents (in case of partnership and companies etc.)
  • Letter from Chamber / Trade Body / Union / Association
  • Bank Statement
  • Copy of Utility bills

Any other document required by the approving hierarchy

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