| Description | Specific Product Details |
| Product Name | Askari Islamic Sona Agri Finance (AISAF) |
| Underlying Mode | Musawamah |
| Target Customer | Registered farmers with Fauji Fertilizer Company (FFC) |
| Purpose | To meet working capital requirement of agriculture input i.e., purchase of fertilizer for crops/orchard etc. from FFC Sonar centers. |
| Financing Limit | As per assessed credit requirement of the applicant by the bank. |
| Pricing |
3MK+300 bps (for secured) 6MK + 600 bps (for unsecured) |
| Maximum Tenor | Up to 18 months |
| Security/ Collateral |
For secured financing As per policy/check list defined in Agriculture credit Manual. However, bonafide/confirmation letter from FFC may be acknowledged as cultivation proof instead of khasra Gradawri. Other security margin may be followed as per Askari Kisan Evergreen Finance. For Un secured financing Standard Finance agreement (IB-7) and Personal Guarantee of Customer along with proof of land i.e., Fard Malkiat or Agri passbook copy and postdated cheque including necessary undertakings as advised by the Regulator |
