U Bank Islamic Banking offer Shari’ah compliant financing product based on Salam Islamic mode of finance through individual financing against Agri Passbook and Agri Land, gold bullions, ornaments, jewellery, gold biscuits etc., Equitable, Registered or Token Registered Mortgage of shop, business, residential of sole proprietor or partners, Hypothecation charge on Personal or Business Vehicle, 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 collateral. This is based on the concept of the sale of homogeneous goods and commodities by the customer, with deferred delivery of goods to the Bank against an immediate full payment in advance.
Salient Features
- Financing amount of up to PKR 3,000,000/-
- Financing tenure 3 to 6 months
- For meeting all agricultural needs such as purchasing fertilizers, seeds, pesticides, tube well, solar panel and batteries, and agricultural related machinery & equipment
- Financing facility without any individual guarantee
- Financing against collateral of Agri Pass Book and Agri Land, 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, 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
- Complimentary credit Family Takaful
- Lump sum and Bullet financing repayment option
Minimum Required Documents
- Valid CNIC
- One passport-sized photograph
- Copy of utility bill of applicant and guarantor
- Collaterals related documents
