First Women Bank Limited extends loans to businesswomen for establishment of new business/development of existing business, and for working capital. Women can get loans of up to Rs. 2 Million. The Financial Services Desk of the bank assists the applicants of the loan in financial, legal, taxation, marketing and management issues. Eligibility Criteria: For women Entrepreneurs between the age bracket of 25 -55, holding 50% or more Equity in the business Financing Limit : Up to Rs. 2.00 M Pricing Criteria :Floating with KIBOR Rate to be reset in accordance with approved terms Basic Required Documents: • Copy of CNIC • Loan Application/BBFS • Bank statements for past one year • Latest Tax returns, if applicable • Financials & cash flows Collateral Two personal guarantees of Credit worthy Individuals with sound financial standing and Hypothecation of stocks, duly insured in Bank’s favor. Mode of Repayment: • In case of RF , time to time adjus...
Comments