HOW TO APPLY

  • CNIC copy of proprietor.
  • Request for credit facility on letter head.
  • Customer Request as per SBP Requirement.
  • Sole Proprietorship Declaration.
  • Personal net worth statement of Proprietor.
  • Last three years financial statements signed by Proprietor.
  • Company Profile.
  • Latest stock report.
  • Latest ageing of receivables.
  • Last six-month bank statement with other banks..
  • Projections with Assumptions (in case of long term financing)
Partnership concern:
  • CNIC copy of all partners.
  • Request for credit facility on Letter head.
  • Basic borrower fact sheet duly signed & stamped on each page by authorized signatories.
  • Sole Proprietorship Declaration.
  • Personal net worth statement of Proprietor.
  • Last three years financial statements signed by Proprietor.
  • Company Profile.
  • Latest stock report.
  • Latest ageing of receivables.
  • Last six-month bank statement with other banks.
  • Projections with Assumptions (in case of long term financing)
  • Import /Export Business Certificate from Bank.(if available)
Private Limited Company:
  • CNIC copy of all directors.
  • Request for credit facility on Letter head.
  • Basic borrower fact sheet duly signed & stamped on each page by authorized signatories.
  • Board resolution.
  • Form A
  • Latest form 29
  • Memorandum of association (MOA) & Article of association (AOA).
  • Certificate of Incorporation (COI).
  • Personal net worth statement of all directors.
  • Last three years financial statements signed by authorized signatories.
  • Company profile.
  • Latest stock report.
  • Latest ageing of receivables.
  • Last six-month bank statement with other banks.
  • Projections with Assumptions (in case of long term financing).
  • Import /Export Business Certificate from Bank.(if available)
PROCEDURE AND PROCESS FOR FINANCING

For availing a financing facility, the SME client will submit the initial documents to its nearest branch. The dedicated bank representative will review the documents and conduct visits of business and collateral places. Generally an independent assessment of collateral (third party, PBA approved evaluators) and pre-legal opinion are arranged by the bank with coordination with the client. Subsequently a presentation (on bank prescribed format) is forwarded to the approving authority for approval. In case of approval the bank submit a formal “Banking facility offer letter” to the customer for acceptance stating completed detail of facilities/securities along with terms and conditions. Upon acceptance of offer letter and compliance to all terms and conditions (including documentation) mentioned thereof, the facility(ies) are made available to the SME customers for utilization.

REGIONS FOR TARGETING SMEs

SMEs are sectored all over Pakistan and are based in all major cities of the country. The financing facilities will be available in all industrial and commercial cities ( having branch network) to all businesses involved in lawful activities, verifiable income source, bearing proper justifications and defined purpose for financing.

REGIONS FOR TARGETING SMEs

SMEs are sectored all over Pakistan and are based in all major cities of the country. The financing facilities will be available in all industrial and commercial cities ( having branch network) to all businesses involved in lawful activities, verifiable income source, bearing proper justifications and defined purpose for financing.

WANT TO KNOW MORE?

Please fill out the form below and MCB Islamic Bank representative will contact you:

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