Asset Backed Financing & Leasing

 
Purpose Assets Back Financing/Leasing is designed to provide finances to customers who wish to acquire and use assets for income generating purposes or working capital purposes.
Product Nature Individual Loan
Working Experience  Minimum 2 Years
Eligibility Criteria Annual Income up to Rs. 12,000,000 Net of Business Expenses
Loan Range Up to Rs. 500,000/=
Loan Term 3 to 5 Years
Repayment  
Mark-up 39% IRR
Security Maximum two Guarantors OR
Pledge of Asset OR
Original Deed OR
Lien on Vehicle Registration book.
Cross Cheque in favor of POMB from the borrower
Documents Required CNIC copy of Customer
CNIC Copy of Guarantor(s)
Utility Bill preferably electricity of business place/residence OR any other document proving the ownership
Driving License
Who Can Avail Any one running his/her own business within the age bracket of 25 – 60* years with at least two years in relevant business (for existing business) and for new business, customer should have relevant skills & experience
*(Maturity of loan should coincide with the 60th birthday of the customer).