Features
Term loans/ working capital loans and 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.
Up to 65% of total financing limit can be availed for Civil Works
Loans are eligible for agriculture, production and development
Variable: Up to Eight (8) years with maximum Grace Period Up to one year grace period will be applicable.
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Tier 1(T1)
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Tier 2(T2)
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Tier 3(T3)
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|---|---|---|---|
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Min & Max Financing
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Up to PKR500,000/ (*MFBs / MFIs)
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Above 500,000/
& Up to PKR1,500,000/ |
Above PKR1,500,000/ & Up to PKR7,500,000/ |
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Pricing
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0%
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Fixed at 5%
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Fixed at 7%
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Debt: Equity
Ratio (New Business) Nil for Existing Businesses |
90:10
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90:10
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80:20
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*Micro Finance Banks / Micro Finance Institutions
| Tiers | Security / Collateral |
|---|---|
| T1 | Clean (secured only by the personal guarantee of the borrower).In addition, rules & regulations of SECP/SBP shall be complied with by MFBs/MFIs |
| T2 | Clean (secured only by the personal guarantee of the borrower). |
| T3 | As per bank policy. |
| Vehicle(s) financed under T1, T2 & T3 to serve as collateral. | |
- Upon receiving the application online, JS Bank representative will contact you for application processing.
- All Pakistani Nationals
- Having entrepreneurial potential
- Small and Medium Enterprises (startups and existing businesses) owned by youth.
- Age:
- Minimum: 21 years (individuals and sole proprietors)
- IT/E-Commerce related businesses: 18 years (at least matriculation or equivalent education will be required)
- Maximum: 45 years
- In the case of all other forms of business including partnerships and companies, only one of the owners, partners, or directors must be in the age bracket prescribed above.
- In the case of agriculture, farmers’ classification as per SBP’s “Indicative Credit Limits & Eligible Items for Agriculture Financing 2020” will be applicable.
All SBP schemes are subject to:
- Continuity by SBP
- Availability of cushion in Limit assigned to Bank
- Terms and Conditions of every Scheme
