HBL Business Loan – How to Apply Business Loan in Bank

 

HBL Business Loan – How to Apply Business Loan in Bank

HBL SAAF Finance

Now access bank’s finance without security/collateral
An innovative initiative to improve access to finance for Small and Medium Enterprises (SMEs)​

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OVERVIEW

HBL SAAF Finance provides an opportunity to SMEs to avail financing for their business without the need of any collateral. SMEs can now avail financing up to PKR 10 Million at highly subsidized mark up rates of 9% per annum for their working capital requirements, capital expenditure or procurement of commercial vehicle.

FEATURES

 Highly subsidized mark up rates of 9%
 Maximum Financing up to PKR 10 Million
 No Collateral required
 Quick and easy loan processing
 Minimal Documentation
 Complete Financing solution

REQUIREMENTS

 Borrower should be a Pakistani Resident having age between 25-55 years
 Business experience of 3 years in current line of business
 A valid CNIC
 Clean eCIB
*Financing facilities are approved at bank’s discretion.

REPAYMENT MODE AND FREQUENCY

RF: Monthly
DF:Repayable in equal monthly installments consisting of principal and mark-up.

TENOR OF LOAN

Running Finance- Revolving facility with annual renewal
Demand Finance- Up to 5 years

PRICING

9% per annum

FEE & CHARGES

Application processing fee: PKR 10,000/- or 1% whichever is higher
Annual Renewal and Review Charges: PKR 5,000/- or 0.5% whichever is higher”

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DISCLAIMER

This is to inform you that the State Bank of Pakistan (SBP) will include two years’ history of negative / overdue information (including but not limited to overdue payments, late payments, write-off or reversal of mark-up etc.) in e-CIB. You are, So, advised to ensure timely payment of your instalment/ markup to avoid any adverse information being reported or reflected on your e-CIB

HBL Business Loan – How to Apply Business Loan in Bank