Manufacturing
Services
Askari Rice Finance
Askari Bank
Islamabad
Updated Jun 02, 2026
Payment of Labour & other expenses
Purchase of Raw Material
Eligibility Criteria
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For SMEs Sole Proprietor, Partnership Firm (registered), Private Limited Company, Limited Company
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Age of borrower (in case of sole-proprietorship) must be minimum 20 years, however age not to exceed 65 years at the time of application. . This criteria is not applicable, if the business concern is partnership or limited company. In partnership/limited company cases one of the partner or director should qualify mentioned criteria.
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Minimum 3-year operating history of Rise Husking/polishing business, however, new ventures of established business groups or other exceptions will be looked upon case to case basis.
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Market check to be obtained from at least three different sources to the Borrower and Primary Sponsor. For NTB News-VIS report also needs to be obtained.
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Electricity Bill Payment history should be regular as a minimum, all electricity bills for the last six (06) months must have been paid.
Documents Required
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Application Form for SE/ME
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Copy of CNIC
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Copies of firm/company registration documents
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Annual / Semi annual Financials (Audited in house as per SBP Requirement)
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Electricity bill as evidence of Rice mill being functional.
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Copy of security documents for legal opinion etc.
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Legal opinion and evaluation report by bank's approved lawyer / evaluators respectively.
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Bank Statement.
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An undertaking to be obtained from Borrower that the Mill Operations were not run on Commissioning basis (fully or partially) during last six months and in future till the adjustment of loan
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An undertaking to be obtained from borrower that the subject financing will be used only for intended purpose.
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Any other document required by Askari bank
Collateral
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Pledge of Commodity (Paddy/Rice)
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Cash Collateral (Lien over account, AKBL TDR and AKBL Certificate)
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Mortgage of Property
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Hypothecation of Mill Receivables
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Personal Guarantees of Borrower/Partners/Directors of the Company.
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Any other eligible security collateral as per Askari Bank Policy.
Financial Specs
Max Amount
PKR 200.0M
Markup Rate
As per schedule of charges, 3MK + up to 3.5%
Tenure
Cash Finance: Max 270 Days / Running Finance: 1 Year
Processing Fee
As per bank policy
Dedicated Bank Representative
Contact the authorized representative for this product to get personalized guidance and fast-track your application.