Term Financing for Fixed Assets
Details of Product | Shirkat Ul Melk Cum Ijarah – (New / Old assets) – It is a combination of two contracts namely Musharaka and Ijarah. As per this product, the Bank and the customer form a Musharaka to purchase the asset. After this the bank leases its share to the customer for a pre-specified term through Ijara Agreement. |
Targeted Sector | All sector |
Type of SMEs | All Business concerns |
Amount | No Limits (Varies from case to case), within SME approved criteria |
Product Specification | Collateral based |
Repayment Mode | Monthly, Quarterly, Half yearly rental payments |
Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
Designated Branches | All Branches (Designated branch list attached) |
Details of Product | Diminishing Musharaka – (New / Old assets) – the financier and the client participate either in joint ownership of a property, equipment, or in a join commercial enterprise. The share of the financier will be divided into a number or units and client will purchase these units one by one until becomes the sole owner of the property. |
Targeted Sector | All sector |
Type of SMEs | All Business concerns |
Amount | No Limits (Varies from case to case), within SME approved criteria |
Product Specification | Collateral based |
Repayment Mode | Monthly, Quarterly, Half yearly rental payments |
Collateral Requirement | Cash, Charge, Pledge, Hypo, Collateral |
Pricing | Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer) |
Documents | Varies from case to case – Visit our nearest designated branch for facilitation. |
Designated Branches | All Branches (Designated branch list attached) |
Disclaimer
Facility approval is subject to terms and conditions based on Bank’s risk assessment of application.