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JS / Business / SME / JS Taraqi Loan

JS Taraqi Loan

Expand and modernize your business through JS Taraqi SME Loan that offers a business with financing facility to purchase new and imported /local machinery for improving production capacity.JS Taraqi SME Loan is offered at a highly subsidized markup rate of 6% per annum, with a tenure of up to five (5) years, and is based on state bank of Pakistan’s refinance scheme.

  • Rice Husking
  • Cotton Ginning
  • Power Looms
  • Dairy & Live Stock
  • Cutlery & Stainless Utensils
  • Furniture
  • Packing/Processing of Fruits/Vegetables
  • Gems & Jewelry
  • Agro-Based Industry
  • Surgical Instruments
  • Engineering Goods (Electronic)
  • Fisheries
  • Sports Goods
  • Marble And Granite
  • JS Taraqi SME Loan offers financing from Rs.1 million to as high as Rs.25 million for small enterprises &up to Rs.50 million for medium enterprises.
  • No equity contribution is required, if JS bank SME lending relationship is already established.otherwise.20% minimum equity contribution is required under JS Taraqi SME Loan
  • Subsidized markup rate of 6% per annum, based on SP refinance scheme.
  • Maximum loan tenure of 5-year, with repayment in equal monthly installments.
  • During the duration of facility disbursement until approval from SBP for the refinance facility, a markup rate of 1-month KIOR+29% (floating) per annum would Be applicable

  • Computerized National Identity Card (CNIC) holder, with a maximum age of 60 years
  • Operating in business for at least 3 years with sufficient business knowledge.
  • Land, gold, or any other tangible collateral as per the bank’s policy.
  • Insurance is applicable on property, equipment, machinery and is offered through reputable insurance partners.
  • 0.5% of the net financed amount or minimum of Rs.5, 000/-(whichever is higher).
  • In case installment is not paid within due date then markup of 1 Month KIOR + 4% (floating) per annum will be applicable.

  • Filled and signed loan application form.
  • Copy of CNIC/NICOP.
  • Two (2) recent passport size photographs.
  • Audited accounts and management accounts, as per SME Prudential Regulations, where applicable.
  • Personal Guarantee of the owners/directors (only sponsors directors in case of limited companies).
  • Undertaking of proper utilization of loan
  • Last 1-year Bank Statement required for JS bank account holders.
  • Last 2-year Bank Statement required for non-JS account holders.
  • Business proof of last 3 years.
  • Any other requirement of the as per prudential Regulation of SME.
    Visit your nearest JS bank branch or contact 0800-01122 to apply for JS Taraqi Loan.