Limit of Gold loan has been enhanced now you can get Gold loan up to 2 million from designated branches of BAJK. Limit of advance salary has been enhanced now you can get advance salary loan up to 3 million. 2) Bank of Azad Jammu and Kashmir while showing excellent performance has achieved an operating profit of more than 01.414 billion rupees in September 2024.The state financial institution is achieving remarkable achievements in all sectors including profitability under its vision of playing a key role in the socio-economic development of the region. The value of assets has exceeded 51.279 billion rupees while deposits have reached 39.118 billion rupees. Besides, remittances have increased to more than 03.308 billion rupees. The number of valued account holders of the institution has increased to 2 lakh 61 thousand and the branch network has expanded to 87 operational branches in urban and rural areas. The provision of loans of more than 4.5 billion rupees by BAJK so far has accelerated the pace of the state economy and encouraged small businesses and also created new employment opportunities for the educated youth.

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>Commercial/ SME Finances

Commercial/ SME Finances

Running Finance
Auto Finance Commercial
Demand Finance
House Finance Commercial
Health Care Services Finance
Promotion of Tourism Finance
Small Business Trade Finance

Running Finance

Purpose	Purchase of stock and fulfilling of operational expenses of your business. Financial limits are available for your existing business/planned expansion.
Eligibility	• Account holder of the bank. • Reasonable turnover to justify the limit requested. • Existing business/planed expansion.
Loan Limit	According to business worth subject to per party exposure as per SBP Prudential Regulations.
Tenure	Maximum 12 months (Renewable on Satisfactory repayment status).
Repayment	Principal lump sum and markup monthly/quarterly basis.
Primary Security	Hypothecation of Stock.
Secondary Security	Mortgage of property or lien on Deposits or pledge of Gold.
Insurance	Insurance cover of Hypothecated Stock and mortgaged property as per Bank’s policy.

Demand Finance

Purpose	For purchase of Machinery/Equipment/Assets for your existing business/planned expansion. Choose BAJK as your business partner and enjoy financial support at easy terms and conditions.
Eligibility	• Account holder of the bank. • Reasonable turnover to justify the limit requested. • Existing business/planned expansion.
Loan Limit	According to business worth and equity ratio subject to per party exposure as per SBP Prudential Regulations.
Tenure	Maximum 5 years
Repayment	Monthly Installments
DSR	Debt Security Ratio = 60:40
Primary Security	Hypothecation of stock/machinery and equipment.
Secondary Security	Mortgage of property or lien on Deposits or pledge of Gold.
Insurance	Insurance cover of stock and mortgaged property, as per Bank’s policy

Health Care Services Finance

Purpose	BAJK offers financial facility to setup/expansion/renovation/modernization of medical/health facilities in AJK.
Eligibility	All Qualified registered medical practitioners registered with PMDC with minimum 03 years of experience in Pakistan/AJK.
Loan Limit	For Rural Areas: • Up to Rs. 5.00 Million for purchase of equipment (DF). • Up to Rs. 1.00 Million for working capital requirement (RF). For Urban Areas: • Up to Rs. 10.00 Million for purchase of equipment (DF). • Up to Rs. 2.00 Million for working capital requirement (RF).
Tenure	• 01 year on rollover bases for RF limit. • 05 years for DF limit.
Borrower’s Equity	For DF – 25% of required amount.
DSR	50%
Primary Security	Hypothecation of existing or to be purchased stock with 25% margin.
Secondary Security	Mortgage of Land and superstructure of the project or lien on Deposits or Pledge of Gold.
Insurance	Insurance of all Movable/Immovable Assets Building/Machinery/Equipment and other stock as per Bank Policy

Tourism Promotion Finance

Purpose	Purpose of this loan scheme is to finance the infrastructure facilities to promote/facilitate tourists activities and movements in tourist attractions in AJK. The tourists infrastructural facilities include establishment of tourist Huts, refurbishment/renovation of existing guest houses, erecting additional accommodation within existing residential houses of the locals in AJK.
Eligibility	• House should be suitably located having a motor able approach. • Permission of concerned Government organization for conversion/ Renovation /Refurbishment of House into Hotel/Guest House. • Hotel/Guest House should be preferably managed by the owner himself.
Loan Limit	• Up to Rs. 5.0 Millions
Tenure	Maximum up to 05 years
Repayment	Monthly installments with 03 months grace period
Equity Contribution	20%
Primary Security	Hypothecation of all Moveable Assets
Secondary Security	Mortgage of property or lien on Deposits or pledge of Gold
Insurance	As per Bank’s Policy

Small Business Trade Finance

Purpose	To ensure easy access of businessmen/trader's community for their working capital requirement on soft terms.
Eligibility	• The minimum age of the business should two years. • Applicant must be Account holder of BAJK. • Applicant must be resident of AJK with business within the area of respective branch in the main city/business hub of respective district. • Applicant should not be defaulter of any financial intuition/Bank.
Loan Limit	Maximum loan amount up to Rs. 500,000/-
Tenure	12 months renewable
Repayment	Principal lump sum and markup monthly/quarterly basis.
Primary Security	Hypothecation of Stock.
Secondary Security	Two personal Guarantees of i. Govt officials of BPS-09 or above ii. Businessmen maintaining running account with BAJK or any other bank having annual average balance of the amount equivalent to the loan amount requeste. iii. Any other security acceptable by the bank.
Insurance	As per Bank's policy