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JS / Business / SME / JS Naya Aghaaz

JS Naya Aghaaz

JS Naya Aghaaz SME Loan offers financing solution to differently abled, enabling personal development and financial independence.

JS Naya Aghaaz SME Loan provides easy access to finance (based on State Bank of Pakistan refinance scheme) to fulfill your aspirations, whether you want to grow your current business or set up a new one.

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Equity No down payment required

Mark-up Fixed at 5% per annum

Processing Fee No processing fees

Financing Amount
Between Rs. 50,000 and Rs. 1,500,000

Additional Benefits:

Insurance distributed for motor vehicles financed for business purpose

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:
    • Setting up of a new business enterprise
    • Expansion of an existing business where the individual has been operating it for a minimum of one year

Required Document Checklist:

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