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.
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 adjustment of principal with full adjustment to be made at least once a year and mark-up on quarterly basis .
• Monthly / Quarterly 1 to 3 years in case of term loan.
How to Apply
Through any nearest branch from Bank’s net work of branches .
FAQs:
1.What amount of loan can we apply
Amount of loan can be applied maximum up-to Rs.2 M depending on the need assessment and repayment capacity analysis by Bank.
2.What are the purpose for which the loan may be availed ?
The loan can be availed for fresh start-up business or for expansion of the business.
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