1. What is the Single Loan Application Form for SMEs?
It is a standard application form used to apply for new, rollover, or enhanced business financing from Allied Bank.
2. Who can use this form?
Registered and unregistered SMEs operating as proprietorships, partnerships, or private limited companies can apply using this form.
3. What types of financing can I apply for?
You can apply for asset purchase, working capital, running finance, overdraft, and other business-related facilities.
4. Is the loan approval guaranteed after submitting this form?
Submitting the form does not guarantee loan approval. The bank will evaluate the application before making a decision.
5. What documents are required for proprietorship businesses?
Submit your CNIC, financial or projected statements, and a feasibility report.
6. What documents are required for partnerships or private limited companies?
You must provide CNICs of borrowers, Memorandum & Articles of Association, financial statements, and a feasibility report.
7. What is the purpose of the “Undertaking” section in the form?
It confirms that the applicant agrees to the terms and authorizes the bank to verify financial and personal details for processing.
8. Can I apply without collateral?
The form includes a section for collateral details. Financing is usually subject to the type and value of collateral provided.
9. How do I submit the completed form?
You can submit the filled form with required documents at your nearest Allied Bank branch offering SME services.
10. Can I track the status of my loan application?
You may contact your branch or relationship manager for updates on your loan application status.
