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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 of 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