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JS School Development Finance

JS School Development Finance, offers educational institutions with financing of up to Rs. 50 million to fulfil all their financial and non-financial needs. Schools with minimum monthly turnover of Rs. 1 million, and with experience of over 3 years are eligible to apply for this term loan facility.

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Mark-up Rate will be based on the experience of the institution and will be calculated as per the following criteria:

School Operational Experience Floating Rate (Quarterly Payment)* Floating Rate (Monthly Payment)*
Between 3 and 5 years 3-Month KIBOR + 8% 3-Month KIBOR + 8%
Between 5 and 7 years 1-Year KIBOR + 6% 1-Year KIBOR + 6%
More than 7 years 3-Month KIBOR + 4% 1-Year KIBOR + 4%

Eligibility Criteria:

Individuals owning an educational institution are eligible to avail this product once they fulfill the basic criteria for the educational institute and the owner of the institute.

Required Document Checklist:

  1. Audited Accounts (Financial Statements) / Wealth Tax Return, as per SBP regulations
  2. Supporting Documents / Undertaking to be obtained for proper utilization of loan
  3. Personal Guarantee of the owners/directors (only sponsor directors in case of limited companies)
  4. Two (2) recent Passport size Photographs
  5. Copy of CNIC / NICOP
  6. Filled Request Application Form
  7. Processing Fee Deposit Slip
  8. Active rent agreement (in case of rented premises)
  9. Any other requirement of the Bank