State Bank of Pakistan has introduced a refinance scheme for female Entrepreneurs. Under the scheme, Pakistani Women Entrepreneurs can avail financing facility at subsidized rates. As a part of SBP’s Banking on Equality initiatives, ABL is offering financing facilities to women entrepreneurs to meet credit needs of their businesses.
- Valid CNIC/SNIC
- Pakistani Resident female Entrepreneurs engaged in Start-up Ventures or Expansion of their Existing Businesses.
- Only women owned small /medium businesses
- Age between 20 to 65 years having entrepreneurial potential.
- Clean credit history
- Maximum financing upto PKR 5 million
- Tenor of maximum 05 years (including grace period upto 6 months)
- Zero loan processing fee
- Rate will be up to 5% per annum (may change as per SBP instructions from time to time)
- 60% Risk Coverage by SBP against outstanding Principal
Q1. Does ABL charge Processing Fee or any other charges?
No processing fee is applied
Q2. How much loan can I avail under this scheme?
You can get loan upto five million rupees.
Q3. What is the loan repayment option?
Loan can be repaid in equal quarterly installments after grace period (if any)
Q4. Is there is any collateral requirement to apply for the loan under this scheme?
Financing under the scheme is offered preferably under the personal guarantee of the borrower.
Q5. Can I avail running finance under this scheme?
No Running Finance is allowed, Term Loan is being offered under this scheme.