|Purpose||Purchase of stock and fulfilling of operational expenses of your business. Financial limits are available for your existing business/planned expansion.|
• 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.|