MCB Bank provides loans to Small and Medium Enterprises to meet their working capital and business expansion requirements to all sectors of SME, which meet policy requirements. These facilities are available across Pakistan.
MCB Bank offers a diverse mix of financing products aimed at meeting working capital requirements of its customers. Following are some of the Fund Based facilities that are provided by MCB Bank;
Non Fund based facilities including Letter of Credit, Letter of Guarantee, Bid Bonds, Performance Bonds, Shipping Guarantees etc. are also provided taking into account customer’s business requirements.
Markup to be charged to the customer is based on floating rate KIBOR (i.e. Karachi Inter Bank Offer Rate) Plus an agreed spread. The recovery of markup is on quarterly basis except for the Term Loans where markup is part of the installment and recovered as per the agreed schedule.
Loan can be adjusted upon its maturity date or at a date specified / agreed in the agreement of finance.
Generally the documents required vary from business to business depending on the nature of business, constitution type following are some of the minimum documents required to avail financing facilities.
Eligibility of the customer for the credit facilities will be assessed on case to case basis.
As per Agreement of Finance.
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