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UBL Karobar Loan
SME Products and Services
UBL Karobar Loan is a solution for easy access of cash required to grow your business. It is exclusively designed for small and medium enterprises keeping in view their business expansion and growth plans.

UBL Karobar Loan

Summary

UBL Karobar Loan offers financial solution for business purpose against mortgage of property.

UBL Karobar Loan is a solution for access of cash required to grow your business. It is exclusively designed for small and medium enterprises keeping in view their business working capital & expansion plan. UBL Karobar Loan is available against mortgage of property including residential, commercial and industrial.

Salient Features
  • Financing facility available up to Rs. 40 Million (Rs.4 crore)
  • Borrowing facility up to 75% of your property value
  • Number of credit facilities including Running finance, Term Loan, LC & LG
  • Personalized relationship management


Eligibility
  • Minimum age 21 years and Maximum age 65 years (in case of Proprietor)
  • Minimum 3 years of respective business experience

Required documents

  • Valid CNIC
  • Copy of property documents
  • Financial statements
  • Bank statement
  • Customer request letter (Loan Application Form)

Contact # 0800-55-825

FAQs – Karobar Loan

What is Karobar Loan?

It’s a business loan which gives you access to meet your business growth and expansion plans with a one window solution.

For what purpose can I borrow?

The loan facility will be available for business purpose only

Who can apply for loan?

Business entities including Individual / Proprietorship, Partnership, Private Limited Companies

What is the maximum amount I can borrow?

It depends on type of your business classification, For SE the limit is Rs.25 Mn and for ME & Commercial clients the borrowing limit is Rs.40 Mn (4 crore).

What is security requirement?

The facility will be secured against property with a margin (over the financing amount) of 25% against Forced Sale Value (FSV) of the property.

How much can I borrow against property?

You can borrow upto 75% of the Forced Sale Value of the property

What is the minimum amount that I can borrow?

You can borrow minimum of Rs.500,000/-

Against what type of property is the facility available?

The facility is available against residential, commercial and industrial property

Can I avail credit facility against third party property?

Yes, third party collateral is permissible

What are the financing facilities available?

All type of facilities are available to address your business needs including Running Finance facility, Term Finance, Letter of Credit, LG, & FTR

What is the maximum period for term finance?

Term finance facility is available from one year upto 5 years.

Can I avail multiple loans?

Yes, you can apply for multiple loan

Can I Early Settle my Loan?

There is no restriction on settling loans prior to loan maturity date. Principal and mark-up will be recovered accordingly; markup will be recovered based on days utilized.

How can I get loan?

We will forward your request to our relationship management team who will get in touch with you to discuss your requirements.