U Bank Islamic Banking offer financing facility based on Murabaha Islamic mode of finance for small and medium-sized entrepreneurs to help them meet their business financial needs. By availing this financing facility, retailers, medium-sized firms, and school owners can expand their existing businesses by purchasing assets, including various commodities, livestock, bikes, solar panels and batteries, three wheeler loader or rickshaw, raw material, etc. and necessary business equipment.
Salient Features:
- Financing amount of up to PKR 3,000,000/-
- Financing tenure 1 – 60 months
- Lump sum financing repayment option
- Hassle-free Financing processing
- Complementary Credit Family Takaful facility
- Financing facility for women on priority basis
- Financing against collateral of gold bullion, gold ornaments, gold biscuits, jewelry, etc. or Equitable, Registered or Token Registered Mortgage of shop, business, residential of sole proprietor or partners, Hypothecation charge on Personal or Business Vehicle, charge creation on Agri Land, lien on Deposit or TDR, Lien on Government Securities (DSC, SSCs, Behbood Certificate), and any other Moveable or Immoveable property against which U Bank can create charges, as per bank policy
Minimum Required Documents
- Valid CNIC
- One passport-sized photograph
- Copy of utility bill of applicant
