What is Cotton Ginning Loan?
It’s a seasonal loan which gives you access to meet your business growth with a one window solution.
Who can apply for loan?
Medium size business entities including Proprietorship, Partnership, Private Limited Companies can apply for the loan.
What is the maximum amount I can borrow?
It depends on capacity and utilization however max limit is PKR 200 Mn subject to SBP PR requirement.
What are the financing facilities available?
Following facilities are available to address your business needs
Running Finance – Pledge
Running Financing – Hypo
What type of property is required against main facility?
The main facility is available against Cotton Ginning factory as property.
Can I avail multiple loans?
Yes, you can apply for multiple loans.
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.
What would be the Mode of Repayment?
Mode of Repayment includes Account Debit Authority / Cashier Cheque / Cheque / Cash / Online Transfer, etc.
Is there any penalty?
No Penalties for early settlement however late payment may attract higher spread.
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.