| Purpose of Facility |
Product is aimed at absorbing major chunk of the existing "SME (SE) Credit Portfolio”, as well as facilitating fresh booking from the relatively smaller and medium businesses of the SME sector. .
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| Target Market |
This product will provide short term working capital lines like Running Finance (RF) facility for one year up to maximum PKR 15 million while all export & import related facilities and LG may be offered as a sublimit subject to cushion available in main line. Standalone export & import related facilities and LG may be offered with RF facility as sublimit secured by mortgage of acceptable residential / commercial / industrial/agri property.
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| Product Attributes |
• Offering RF, LC, LG and all export & import related facilities up to a limit of PKR 15 million
• Mortgaged –backed product accepting Residential, Commercial, Industrial and Agricultural properties as collateral
• No stock insurance required
• No stock hypothecation required
• Quick renewal of loan
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| Eligibility Criteria |
Existing BOP customers and prospective NTB Borrowers meeting the following acceptance criteria shall be financed under “BOP Kamyab Karobar”:
• 3 years’ experience in the current line of business.
• Borrower must be a resident Pakistani.
• Borrower and Mortgagor(s) must be aged between 25 and 65 years at the time of financing.
• Borrower must be maintaining a bank account with any bank for at least 1 year and turnover must be at least 3 time for new customer and 1 time for existing customer of the limit assigned.
• Borrower and Mortgagor must not have any overdue / past-due liability from any bank in Pakistan.
• Borrower must possess and offer adequate collateral to secure the loan as per the bank’s criteria.
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| Maximum Loan Limit |
Up to PKR 15 million
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| Tenure |
1 year
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| Frequency of Repayment |
Monthly / Quarterly mark-up payment with 30 days grace period
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| Security |
Residential/ Commercial/ Industrial/Agri Property .
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| Pricing / Mark-up |
3 months KIBOR + 4% - 6% based on ORR
LG 0.5% p. qtr. Flat
LC 0.5% p. qtr. Flat
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| Processing Fee |
As per SOC
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