• Upto Rs. 10.00 Million
  1. Clean lending: from Rs. 100,000/- to Rs. 1,000,000/-
  2. Secured lending: from Rs. 1,000,001/- to Rs. 10,000,000/-

• Under Punjab Green Development Program, the limit of a loan will remain the same. However, preference will be given to the micro-enterprises, ready to adopt the environment improving technology, having up to 10 numbers of employees.

• Setting up of new business
• Balancing, Modernization and Replacement (BM&R) for existing businesses
• Working Capital

• Manufacturing, Service, Trading, Agriculture and Live Stock
• (Environment Friendly / Quality Improving Micro Enterprises as defined above will also be considered under the Punjab Green Development Program)

• 4% for clean lending
• 5% for secured lending

90:10 (Women, Transgender and Differently abled)

(Meaning thereby 20% / 10% of the project cost will be invested by the borrower)

• Security for loan limit from Rs. 100,000/- to Rs. 500,000/-

Personal Guarantee of the borrower along with the net worth statement.

• Security for loan limit from Rs. 500,001/- to Rs. 1,000,000/-

Personal Guarantee of the borrower along with at least one, Third Party guarantor with overall net worth collectively equal to size of the loan applied.

(Third Party should be a citizen of Pakistan and resident of Punjab having a valid CNIC and must not be older than 55 years. Moreover, e-CIB of the third party should be clean i.e. it should not have any overdue or write off history)

Or

Guarantee of Government employee of BS-10 and above along with a personal guarantee of the borrower.

(Departmental guarantee of the government employee will be mandatory)

Net Worth / Wealth Description and Calculation Criteria:

Net Worth may be in the form of Tangible Asset i.e Property or Vehicle ownership and may be assessed as follows:

A. Property may be valued at the respective DC rate.

Or

B. Property valuation may be established from the Wealth Tax statement.

Or

C. Evaluation by Pakistan Banks Association (PBA) approved evaluator/agent

Or

D. Vehicle valuation shall be invoice price less depreciation (10% for each passing year).

2. Security for loan limit from Rs. 1,000,001/- to 10,000,000/-

Mortgage of Assets

Asset description

A. Residential / Commercial / Industrial / Agricultural Property / vehicle having clean title and clear access (acceptable to the bank) and valued by banks approved appraiser as per the bank’s policy.

B. The property should be in the name of borrower or blood relative of individual / proprietor / partners.

C. Documentation shall be as per bank credit policy / legal division. Charge / hypothecation on fixed / current assets as per internal / external regulations.