Small Enterprise (SE) Financing and Credit Guarantee Scheme for Special Persons has been launched by SBP. Under this scheme, Askari Bank will provide financing facilities to special persons to cater to financial needs of their business.
| Particulars |
Criteria |
| Scope and Eligibility |
- Maximum financing limit will be Rs. 1.5 Million
- Financing under this scheme will be available to special persons holding CNIC with disability logo/symbol
- Financing will be provided for setting up of new business enterprises or for expansion of existing ones
- Financing may be provided to eligible borrowers preferably against their personal guarantee
|
| Tenor |
Up to 5 years, including grace period of up to 6 months |
| Mark-up Rate |
End user rate will be up to 5% per annum (p.a.) |
| Loan Repayment |
Repayment of loans by borrowers shall be made in equal monthly or quarterly installments after grace period (if any) |
| Guarantee / Risk Coverage |
60% risk overage will be available against outstanding principal |
