- Provide easy and access to finance for initiation, promotion, expansion and development of economically viable enterprises.
- To provide access to finance on consistent basis to the provincial economy.
- To encourage potential youth to play their role in economic development of the province by creating new enterprises.
- Create new employment opportunities in the province.
|Brand||Khyber Karobar Support Program (KKSP)|
|Facility Type||Demand Finance|
|Target Area/Location:||Khyber Pakhtunkhwa. (Units to be preferably setup in areas where infrastructure facilities and requisite resources are available for smooth operations.)|
|Target Groups & Eligibility Criteria:||
|Finance Limit:||Minimum PKR 100,000/- Maximum PKR 1,000,000/-|
|Tenure:||up to 05 Years|
|Grace Period:||Bok will allow grace period ranging from 3 months to six months on case-to-case basis.|
|Debt / Equity Ratio:||60:40|
|Mark up Rate:||One year KIBOR + 700 BPS|
|Late Payment Penalty:||2 % on installment amount.|
|Balloon Payments & Premature Adjustment Charges:||Balloon payments are not allowed, however early adjustment will be allowed without any penalty charges.|
|Security:||02 PGs at least one guarantor shall be a Provincial Government Servant of BPS 12 or above. [one guarantor cannot guarantee more than two loans]
Equitable Mortgage of property acceptable to BOK.
Liquid security such as RICs, DSCs, TDRs etc.
In case of vehicle, the same shall be registered in the name of the Bank.
|Repayment:||The loan to be repaid by the borrower in equal monthly installments (EMI) as fixed by the BOK|
Duly filled-in prescribed Application Form.
Valid CNIC copy of proprietor/ Partners & Guarantors.
One Passport size photo of applicant.
Utility Bill of the Applicant.
Borrower Basic Fact Sheet (BBFS)
Visit Report of the bank nominee.
SBP Undertaking and e-CIB Report
Copy of valid NTN / STR (Sale Tax Registration) where applicable. Preference shall be given to NTN/STR holder, numbers will be assigned in risk rating sheet.
Partnership Deed [Formal form H, Informal on stamp paper]
Audited / Unaudited Financial Statements (Optional)
Account Statement/Proof for determining the equity of the applicant.
Copy of Property Documents (e.g. Title, NEC, Fard etc.) (Optional)
Quotation for the purchase of required business equipment’s / material (where applicable).
Other necessary documents (If required).
Charge Documents (e.g. DP Note, Finance Agreement etc.)
Clear CAD certificate
Original Title Documents
Valuation Report of Property
|Processing fee:||Flat PKR 1000/- will be charged on each successful (Approved) application|
To Download Application Form Click Here
To Download Guarantor Verification Form Click Here