Strengthening Mills, Supporting Supply!
Askari Flour Mill Finance is a specialised seasonal financing solution tailored for flour mills across Pakistan. It provides timely financial support for wheat procurement and other working capital requirements, ensuring uninterrupted operations during peak demand periods. The facility is available in the form of Cash Finance (CF) and Running Finance (RF), offering mills the flexibility to manage their liquidity needs effectively. By addressing short-term financing gaps, this product strengthens the backbone of the food supply chain and supports sustainable business growth.
Apply today to fuel your operations with Askari Flour Mill Finance.
| Purpose |
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| Max Financing Amount | ME: Upto Rs. 300M (Maximum)* SE: Upto Rs. 100M (Maximum)* *RF to be capped at 15% of CF Limit | ||||
| Markup Rate | 3 Month KIBOR + 3% p.a. (Cash Finance) 3 Month KIBOR + 3.5% p.a. (Running Finance) | ||||
| Processing Fee | @0.15% of total limit(s) processed/approved or Rs. 25,000/- whichever is higher. Other legal/evaluation charges at actual will also be charged | ||||
| Tenor (RF & CF) | One year as per clean up corridors | ||||
| Insurance | Property (building only) and stock insurance to be obtained in favor of AKBL | ||||
| Security |
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Age of Applicant:
Minimum 3 years’ operating history of business.
Minimum 50% of the applicant’s sales through account turnover with bank(s). Limit approval will be preferred based on electricity consumption.
The electricity bill payment history should be regular
Valid license from the relevant authority/food authority with a minimum of 8 Roller Body Mill.
Processing of Loan
SMEC team at designated branches will process “AFMF” as per the approved Product Program.
To view the flyer of Askari Flour Mill Finance, please click here
To view the instruction guide for Applying SME Financing, please Click Here
To view Frequently Asked Questions related to Askari Flour Mill Finance, please Click Here
