Askari Sahar Finance

Askari Bank is offering a new financing product under the name of “Askari Sahar Finance (ASF)” for women owned small and medium enterprises. The Product Program has been developed in line with SBP’s Refinance and Credit Guarantee Scheme for Women Entrepreneurs.

Features

  • Loan Size : Minimum Amount Rs. 0.5 Million and Maximum Rs. 5 Million
  • Tenure of Loan is maximum 05 years
  • Standard processing and loan disbursal procedure to ensure quick disposal of loan requests
  • Markup Rate of @5% p.a.
  • Debt / Equity: In case of new business, the borrower has to contribute 20% equity. In case of existing business, no equity is required.


Eligibility

  • Sole Proprietor, Partnership Firm, Private Limited Company, Single Member Company (SMC), Business Individuals (Women Owned)
  • At least 01 year of business registration for existing business
  • In case of new business, the age of applicant must be between 20 to 50 years. In case of existing business, the applicant age must be between 20 to 55 years at the time of application.