U Bank Tractor – Diminishing Musharakah Financing

Seeding Growth with Tractor Finance!

U Bank Islamic Banking offers a Shari’ah-compliant new and old or used tractor financing facility for farmers based on Diminishing Musharakah Financing. U Bank Tractor Financing facilitates farmers in fulfilling their agricultural needs, such as crop cultivation and transportation of agricultural commodities and finished goods. This financing facility offers both medium and long-term financing for up to 7 years, with flexible installments aligned with the business cycle, and complete ownership of the tractor at financing completion.

Salient Features

Financing Facility: up to PKR 3,000,000

Financing Tenure: up to 7 years

Minimum Down Payment: 20% as partnership share from the customer

Repayment in easy monthly installments

Complete Takaful coverage of the vehicle

Tracker facility included

Minimum documentation requirements

Priority delivery from the nearest selected dealership

Ability to avail financing facility against Agri passbook as collateral

Required Documents

Valid CNIC
Proof of land ownership, Agri passbook copy, or revenue record copy
One passport-sized photograph of the applicant

Terms and Conditions are applicable

FAQs

Who can apply for this financing?

Any resident Pakistani with a valid CNIC/NICOP.

What is the eligibility criteria?

Applicant must be a resident Pakistani and the applicant’s annual income (Net of business expense) must exceed PKR 1,200,000.

Is there any age limit for the customer to avail this financing?

The applicant must be between 18 and 68 years old at the time of application and maturity, respectively.

What is the procedure to apply for this financing?

The customer will be required to follow the following steps:

Visit your nearest U Bank Islamic Banking branch
Provide the required documents
Deposit any upfront charges
Sign the financing application form and submit

What documents are required to avail this financing facility?

Valid CNIC
One passport-sized photograph of the applicant
Proof of business

For what purpose can I receive this financing?

Farming Business

What is the down payment requirement?

20% of the amount required as partnership share from the customer

What brands of tractors and equipment can be purchased?

Millat Tractors
Al Ghazi Tractors
Fecto Belarus Tractors

Is this Shar’iah-compliant financing?

Yes – It is Shari’ah-compliant financing based on Diminishing Musharakah

U Bank Tractor – Diminishing Musharakah Financing

How Much do you need ?

Rs 600,000 Rs 3,000,000

12 months 84 months

YOU ARE GETTING

Rs. 0

TERMS OF USE

Months

Total Profit

Rs. 0

INSTALLMENT AMOUNT

Rs. 0

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Success Stories

Bringing Dreams to Life

Yasir Sheikh, a resident of Sheikh Muhalla in Shikarpur, Sindh, always dreamed of running his own business. He began with a small cart selling snacks on the street and gradually expanded to owning a grocery store. As his family grew, Yasir’s desire to provide a quality education for his children intensified. He enrolled them in good private schools, but soon found himself struggling to manage the school fees alongside daily expenses. Faced with the difficult choice between feeding his family and paying for education, Yasir felt overwhelmed and worried. In search of a solution, Yasir turned to U Bank for financial support. The bank's staff guided him through the loan options, and he quickly secured the necessary funds with Barhta Karobar Plus Loan. Within a year, Yasir not only expanded his grocery business but also successfully repaid the loan. Today, his store offers a wider variety of products, his income has increased, and his children are receiving the education he always dreamed of providing. Yasir’s story is a testament to how U Bank's microfinance services can empower small businesses to improve lives and livelihoods in Pakistan.

From Salesman to Business Owner

M. Iqbal Qadri from Adda Shabeel, Sahiwal – Punjab, Pakistan, is a determined business owner, who was working for a small pharmacy as a salesman before progressing to opening his own shop in Sahiwal. Sahiwal, where he is from, is an agricultural region and his family had traditionally been farmers. Between 2006 and 2007, Iqbal worked as a salesman, before he decided to open up his own retail store. He further required capital to expand it and increase his customer inflow. With suggestions from his friends, he twice availed the U Bank Islamic Banking - Apna Karobar Premium Murabaha Financing facility to add investment to his store for its growth. Today, he owns the shop himself, has added inventory and variety to his store, does not have to pay rent, sends his kids to good schools, and is living a good life.

U Bank Transforming Lives of Entrepreneurs

In the rural town of Kot Laysan, Rajanpur, Punjab, Tauqeer Ahmed has been running a successful clothing shop in Saddar Bazaar for 16 years, offering a wide variety of female clothing, from formal wedding clothes to casual dresses. Before starting his own business, Tauqeer worked as a salesman in a jewelry store for a decade, where he struggled with financial constraints. Realizing the potential in the clothing market, he decided to open his own shop, which required less initial investment and promised higher sales. To further expand his business, Tauqeer turned to U Bank for a Running Finance facility. The bank responded promptly, processing his loan quickly and offering a low markup rate. With this financial support, Tauqeer was able to invest in his business, resulting in substantial growth. Now, he enjoys daily sales of thousands of rupees, his income has improved significantly, and he has elevated his household's living standards. Tauqeer’s story highlights the vital role that U Bank's microfinance services play in empowering small and medium-sized businesses in Pakistan.

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