Who can avail financing from FBL?

Sole proprietors, partnership firms (registered & un-registered) and all other legal entities

What is the minimum length of experience required in the same line of business?

Preferably Three years, however new entities are considered on case to case basis.

How is the Financing entitlement calculated?

Financing entitlement is calculated on the basis of financials & nature of business and varies from case to case basis.

Are financial statements of my business required to avail Finance Facility?

Yes they are a mandatory requirement.

Can I simultaneously avail more than one financing facilities at same point in time?

Yes, you can avail more than one facility at the same point in time.

How long is the processing time?

Around 30 working days are required for processing from the date of receipt of the complete facility application form along with required documentation.

What are the minimum documents required for submission of application?

Facility Application Forms, Basic Customer Fact Sheet, Last 3 Years Financials, Property Documents (In case property is offered as security).

What will be the profit/ rental (as applicable) rate?

Profit/ rental rate would be agreed mutually between both parties and shall be benchmarked to KIBOR, i.e. bank shall charge profit/ rental on the basis of respective KIBOR + spread.

For submission of application, where should I visit?

Visit any nearest Faysal Bank – Barkat Islamic branch.