DOCUMENTS REQUIRED FOR KAMYAB JAWAN YOUTH ENTREPRENEUR
LOAN (YES)
- Loan Application Form (English/ Urdu)
- Two recent Passport size Photographs.
- Valid CNIC/SNIC of obligor Along with CNIC/SNIC NADRA Verisys. Or biometric verification as per AML/KYC/CFT guidelines of SBP by the branch
- Feasibility Report
- Financials of the business as per Bank’s Credit Policy.
- Clean E-CIB of the applicant / obligor with no current overdues / write-off history to be obtained.
- Undertakings from the obligor in compliance of relevant SBP PRs.
- In case of collateral (immovable property / liquid securities) valuation & other formalities will be administered in accordance to CP & CPM.
- Undertaking from the obligor to avail facility from one bank only and also he is not to become a guarantor for loans to other persons under the scheme.
- Close relatives of respective bank employees are not eligible to apply for financing. An undertaking from Obligor confirming the same is required.
- Two References CNICs
Other
Documents (asked by bank)
- Educational / Technical diploma Certificates / Experience Certificates
- Valid Driving License
- Valid license for the business operations.
- NTN and Latest Tax returns.
- Proof of any other source of income
- Legal Status documents (in case of partnership and companies etc.)
- Letter from Chamber / Trade Body / Union / Association
- Bank Statement
- Copy of Utility bills
- Any other document required by the approving hierarchy.
SECURITY
REQUIREMENT
Tier Loan Amount Security
T-I Rs. 0.1 M
to Rs. 1 M Clean loan/No guarantee
required
T-II Above Rs. 1
M up to Rs 10 M Secured loan/ guarantee
required
T-III Above Rs.
10 M up to Rs 25 M Secured loan/ guarantee
required
1.
Equity
- For New Business
T1 loans – 90:10
T2 & T3 loans – 80: 20
- For Existing Businesses:
Nil for all tiers
- What will be loan sanctioning process?
Loan sanctioning process can consist
1) NADRA Verification of Credentials
2) Telephonic verification by bank of applicant
3) Verification of applicants credit history through SBP
4) Physical verification of applicant.
Or any other suggested by the bank.
For new business applicant the proposed site of business along with residence will be verified and for existing business, there business location will be verified.