Manufacturing
Services
Askari Ujala Finance
Askari Bank
Islamabad
Updated Jun 02, 2026
Purchase of Machinery and Equipment
Others
Eligibility Criteria
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For SMEs Sole Proprietor, Partnership Firm (registered), Private Limited Company, Limited Company
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Citizens having Pakistan Valid CNIC
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Age Between 25-55 years at the time of application (Any one of partner / director should meet criteria)
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Business Age: Minimum 02 years
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Electricity Bill Payment should be regular
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Account Maintenance:
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Minimum 01 year with AKBL OR
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Minimum 2 years with any other bank OR
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Minimum 06 months with AKBL and 1 year with other bank.
Documents Required
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Complete loan application form with customer/applicants signatures. (SE/ME)
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Copy of property documents verifying Title/Ownership in name of Applicant / co-borrower or NOC from other owners, in case property is not owned by borrower or jointly owned.
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Vendor's Survey Report from Bank's approved vendor
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Copy of valid CNIC /NICOP of applicant(s) and / or co-borrower or sponsor, partners, directors.
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Attested quotation of the Solar System from bank's approved Energy Partner.
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Re-possession clauses to be incorporated in Finance Agreement with customer, authorizing bank for taking possession of solar equipment financed in case of default.
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Direct Debit Authority
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Customer indemnity that he would indemnify the bank in case of any loss to the equipment by him
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Any other document required by Askari Bank
Collateral
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Hypothecation of solar equipment with buy back agreement between AKBL and Supplier(approved vendor).
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Mortgage of Residential / commercial / industrial property (Fard Based property to be accepted with full registered mortgage)
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Liquid securities i.e. cash / lien on deposit, saving certificates, investment bonds.
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HPA on vehicle(s) owned by applicant / spouse or parents (not more than 05 years old).
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Personal Guarantees of Borrower(s) and property owner supported by PNWS.
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Any other eligible security collateral as per Askari Bank Policy.
Financial Specs
Max Amount
PKR 25.0M
Markup Rate
As per schedule of charges, Competitive Markup Rates
Tenure
SE/ME borrowers: 05 years, inclusive of grace period of 03 months.
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.