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.

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Additional Benefits:

Mandatory insurance for a 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

Required Document Checklist:

  • 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