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.
Internet Banking