Now grow your business with confidence!
U Bank offers the Bank Guarantee facility with which its customers, including farmers and small and medium-sized entrepreneurs, can foster their businesses and enhance their potential. This facility offers a 100% Cash-Back Bank Guarantee for buyers and sellers, to help them secure new contracts, expand their business, and establish trust with their suppliers.
A bank guarantee is a written instrument guaranteeing that the bank, on behalf of its customer, will cover the payments of the respective customer in case they default. This enables customers to purchase supplies and equipment on credit for the smooth running of their businesses, while adding credibility to their everyday transactions.
This facility is available for a specified amount of financing and time period.
- Bank Guarantee Amount: From PKR 100,000 up to PKR 3,000,000
- Offering a 100% Cash-Back Guarantee
- Bank Guarantee Tenure: up to 12 months with the option of renewal or amendment
- Term Deposit Certificates acceptable as collateral
- Copy of the applicant’s CNIC
- Two passport-sized photographs
- Bank Guarantee application form
- Guarantee text and beneficiaries’ details
- Any other documents required by the bank
*Terms & Conditions are applicable.