JS / Business / SME / JS Naya Aghaaz

JS Naya Aghaaz

JS Naya Aghaaz SME Loan offers financing solution for persons with disabilities of Pakistan, enabling personal development, self-independence as well as economic growth/financial stability.

Whether you want to expand your existing business or set up a new one, JS Naya Aghaaz SME Loan provides you easy access to finance (based on State Bank of Pakistan refinance scheme) for fulfilling all your aspirations.

Additional Benefits

Mandatory insurance for vehicle for the business

Eligibility Criteria

  • Must have a CNIC with disability logo
  • Financing may be provided to eligible borrowers preferably against their personal guarantee
  • Financing will be provided for:
    • 1. Setting up of a new business enterprise
    • 2. Expansion of an existing one where the individual has been in business for at least one year and has sufficient knowledge of the business
    • 3. Ability to conduct the business

Documents Requirements

  • Copy of Applicant’s valid CNIC with disability logo
  • Two (2) Recent Passport Size Photographs
  • Filled Loan Application Form
  • Personal guarantee of the Applicant
  • Business Plan
  • Letter detailing the disability and associated medical report (if necessary)
  • Financial accounts in some form, signed by the borrower, as per SME PR’s
  • Last 3 years bank statement, along with bank certificate for non JS Bank account holders, if applicable
  • Collateral Details, if any, along with estimated value
  • Any other requirement as per the Bank and SBP regulations
    • During the duration of facility disbursement until approval from SBP for the refinance facility, mark-up rate of 1-Month KIBOR + 2% (floating) per annum would be applicable
    • Late repayment mark-up rate at 1 Month KIBOR + 5% (floating) per annum

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