Khyber Karobar Support Program | Bank of Khyber

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Program’s Objectives:

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.

Program’s Features:

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:	Age limit is 18 - 55 years. Applicant must be a permanent resident of Khyber Pakhtunkhwa. Business must be located in Khyber Pakhtunkhwa. All Existing /Proposed businesses of Male/Female entrepreneurs involved in Trading, Manufacturing and Services or any other new idea having doable business plan and fulfilling other terms and conditions can apply. Professionals Graduates like Doctors, engineers, business graduates etc. OR the candidates having at least one year technical and vocational trained youth from any recognized institution. Potential applicant should have robust business idea relevant to the skill set. Not receiving education as regular student in any educational institution. Applicant should not be a defaulter or has remained a defaulter of any Bank / Financial Institution. Business should have a potential to generate further employment opportunities. The entrepreneur have clean eCIB and proper utilization in case availed any loan or grant. Businesses on negative list of Government of Pakistan that includes unlicensed Arms and Ammunition, Explosives, Radioactive substances, Security printing, Alcoholic beverages, and Liquor will not be encouraged. Property business shall be considered in negative list.
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] OR 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
Required Documents:	Pre-Approval 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). Post Approval Charge Documents (e.g. DP Note, Finance Agreement etc.) Personal Guarantees 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