HBL Loan for Business

How to Get HBL Loan for Business do you need an HBL loan for business so today I will tell you very easy ways to get HBL Loan for Business?

If you are planning to start your own business, you are probably wondering how to get an HBL business loan. It is not always easy to get approved for one – whether it is because you do not qualify or your company is not big enough. Luckily, there are some steps you can take to improve your chances of being approved. This article will show you how to get an HBL Loan for Business in no time!

How To Get HBL Loan for Business

Getting an HBL Loan for Business can be tricky if your company does not meet the requirements. But do not worry! Our team of finance experts has come up with some tips to help you build your creditworthiness and increase your chances of getting approved for a loan.

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• Make sure you have enough collateral to secure the loan
   
• Set realistic goals for yourself and your industry
   
• Develop relationships with people who can help you grow
   
• Build a strong credit score
   
• Payback any loans you have taken out in the past

Many steps will help you get approved for an HBL Loan for Business, but these are just some of the most important ones. If you want to learn more about how to improve your chances of being approved, contact us today!

What are the requirements?

The sponsor/mortgagor/borrower/ must be resident Pakistanis having age between 25 to 65 years

A business in operation for at least 3 years.

Attested photocopy of CNIC of Sponsor/Owner/proprietor/Partners/Directors and mortgagor.

Loan application Form on Prescribed Format​

Copies of last 3 years Income Tax returns filed in the business name, if applicable

Copies of last 3 years Income Tax and Wealth Tax returns/statements filed for partners/ proprietor/ directors, if applicable

Copy of Title documents (Sale Deeds, Transfer Letter, etc.), latest payment receipt for Property Tax and duties, levies paid in respect of the property, and other supporting documents of property offered to the bank as security

Copy of current professional association/trade body membership/NTN certificate, if applicable

Copy of Rent Agreement of business place (if premises is on rent)

Two recent Passport size Photographs of the partners/proprietor

A stock report in case of Manufacturing and Trading concern

Your last paid utility bill and business data

A certified copy of your bank statement for the last 1 year

A proprietorship letter or partnership deed or latest form 29 or search report as applicable

Evaluation of collateral and legal vetting of property documents

Financing facilities are approved at the bank’s discretion.

Businesses that are applying for an HBL Loan for Business will need to provide the following:

Proof that they have assets to back up their credit application. These assets can be in the form of cash, an established customer base, or real estate.

A list of all liabilities including debts, loans, and other financial obligations. This information will help them determine whether you are eligible for an HBL Loan for Business or not.

The amount of money you are requesting for your HBL Loan for Business. They will need this so they know how much they should lend you based on the risk associated with your company’s stability.

If you can provide these three things, then you are already one step closer to getting approved!

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Repayment Mode and Frequenc

RF: Quarterly
DF: Repayable in equal monthly installments consisting of principal and mark-up.
Mark-up payments can be made through direct debits / online and deposits at branch counters

What are The Benefits of Getting an HBL Loan for Business?

Getting an HBL Loan for Business can be great for your business growth. You will have more money to use for advertising, marketing, or expanding your company. Even if you do not need the money right away, it is good to start planning early!

An HBL Loan for Business can also help you stabilize your cash flow. It is important to plan ahead and know when you might need some extra cash in case of emergency or unexpected expenses.

If you are looking for ways to improve your chances of getting approved for an HBL Loan for Business, keep reading!

Also Check: HBL Personal Loan

FEATURES

• Financing up to PKR 15 million
• The complete financing package for meeting the working capital, guarantees, and business expansion needs of your business.
• Quick and convenient processing.
• Competitive markup/installment rates and processing fee.
• No stock insurance is required.

HBL Car Loan

The first thing you need to do is find out what your options are. You can get an HBL Loan for Business if you qualify for it. However, there are other avenues you can pursue!

For example, if you plan to start your own company, you may be eligible for an SBA (Small Business Administration) loan. If your company does not make enough money to qualify for an SBA loan, other lenders provide the same type of loan.

Once you have invested some time into researching your options, head over to Money Central Online and fill out their business credit application form. This will allow them to pre-approve your business by assessing its financial health and determining whether or not they will approve an HBL Loan for Business.

Business Loan in Pakistan

You do not want to go through all this trouble only to find out at the end of the day that they do not approve your application. That is why it is so important to do your research beforehand – so that you know where else you can turn in case the Money Central Online application is not successful.

HBL Personal Loan

Eligibility

At HBL, we believe in allowing everyone to start their own business. That is why our business loan eligibility extends beyond your company’s size and industry. We also look at your credit history, liquidity, and the feasibility of your business plan.

TENOR OF LOAN

• Running Finance- On Demand
• Demand Finance- Up to 3 years
• Letter of Guarantee- Up to 3 years
• Letter of Credit- Up to 180 days

PRICING

• Running Finance: 3 months asking KIBOR plus applicable spread
• Demand Finance: 1-year asking KIBOR plus applicable spread
• Letter of Guarantee/Letter of Credit: As per Schedule of Bank Charges

FEES AND CHARGES

• As per the schedule of charges
• Please visit our nearest branch for further details.​

OVERVIEW

HBL Small Business Finance offers Running Finance, Demand Finance, Letter of Guarantees, and Letter of Credit against mortgaged residential/ commercial/ industrial properties.

FEATURES

Financing up to PKR 15 million
The complete financing package for meeting the working capital, guarantees, and business expansion needs of your business.
Quick and convenient processing.
Competitive markup/installment rates and processing fee.
No stock insurance is required.

Contact Us

You can reach out to our respective helplines for any queries or assistance:

General Helpline: 111-111-425
Remittance Helpline: 111-555-425
Konnect Helpline: 111-425-111
Merchant Acquisition: 111-777-425
Ehsaas Kafaalat Program:111-000-425
Mera Pakistan Mera Ghar Helpline: 033-77-786-786

Conclusion

The next time you have a great idea for a business, do not let the difficulty of getting an HBL Loan for Business stop you. Follow these steps for success.