This product is specially designed to encourage and empower the professionals including women, men and transgender associated with the beauty industry by offering hassle free financing on easy terms.
PURPOSE
- Establishment of Beauty Salons (start –up),
- Expansion /renovation
- Working capital needs.
TENOR
One year: For working capital needs (R/F)
Up to 5 years: For term loan (start-up and expansion)
COLLATERAL
Any suitable security depending on nature and amount of loan:
⦁ Personal guarantee of high net/credit worthy individuals
⦁ Hypothecation of movable assets/Stocks
⦁ Mortgage of immoveable property
⦁ Lien/Pledge of Cash collateral
PRICING
KIBOR Rate plus bank’s spread in accordance with approved terms.
LOAN AMOUNT
Minimum Rs. 100,000/- to Rs. 15,000, 000/-
PROCESSING CHARGES
0.1% of the total loan amount or Rs. 2000/- whichever is higher.
TURN AROUND TIME
15 working days (Subject to completion of all documentation)
- Women, Men & Transgender.
- Age: Min 21 years – 65 years
- Preferably Certified and experienced professionals (at least 3 years), holders of valid CNIC.
- Have clean credit history with no write offs in ECIB.
installments will be just
