FAQs – UBL Karobar Loan

What is Karobar Loan?

It’s a business loan which gives you access to meet your business growth and expansion plans with a one window solution.

For what purpose can I borrow?

The loan facility will be available for business purpose only

Who can apply for loan?

Business entities including Individual / Proprietorship, Partnership, Private Limited Companies

What is the maximum amount I can borrow?

It depends on type of your business classification, For SE the limit is PKR 15Mn and for ME & Commercial clients the borrowing limit is PKR 30Mn.

The facility will be secured against property with a margin (over the financing amount) of 25% against Forced Sale Value (FSV) of the property.

How much can I borrow against property?

You can borrow upto 75% of the Forced Sale Value of the property

What is the minimum amount that I can borrow?

You can borrow minimum of PKR 500,000

Against what type of property is the facility available?

The facility is available against residential, commercial and industrial property

Can I avail credit facility against third party property?

Yes, third party collateral is permissible

What are the financing facilities available?

All type of facilities are available to address your business needs including Running finance facility, term finance, Letter of Credit, LG, Finance against imported merchandize (FIM) & FTR facility

What is the maximum period for term finance?

Term finance facility is available from one year upto 5 years.

Can I avail multiple loans?

Yes, you can apply for multiple loan

Can I Early Settle my Loan?

There is no restriction on settling loans prior to loan maturity date. Principal and mark-up will be recovered accordingly; markup will be recovered based on days utilized.

How can I get loan?

We will forward your request to our relationship management team who will get in touch with you to discuss your requirements.