This product is specially designed to encourage and empower professionals, including women, men, and transsexuals associated with the beauty industry, by offering hassle-free financing on easy terms. Now if any women, men, and transgender want build her own beauty parlor can apply for this loan and can avail more than PKR 15,00,000. The process of application is so simple and rapid that everyone can apply at any time.
FWBL Nikhar Finance Purpose of Facility
a) The financing will be extended to professionals associated with the Beauty industry to:
b) Establishment of beauty salons (start-up),
c) Extension / renovation
d) Working capital needs.
FWBL Nikhar Finance Eligibility Criteria
a) Applicant must be a citizen of Pakistan and work or reside in Pakistan includes:
b) Women, Men and Transgender.
c) Age: Min 21 years – 65 years
d) Preferably certified and experienced professionals (minimum 3 years), holders of current CNIC.
e) Have a clean credit history without cancellations in ECIB.
FWBL Nikhar Finance Loan Amount
Ø Minimum Rs. 100,000/ to Rs. 15,000, 000/-
FWBL Nikhar Finance Tenor
Ø One year: For working capital needs (R/F)
Ø Up to5 years: For term loan (start –up and expansion)
FWBL Nikhar Finance Collateral/ Required Documents
Any adequate collateral depending on the nature and amount of the loan:
a) Personal guarantee of highly creditworthy individuals net / credit
b) Mortgage of personal property / inventory
c) Real estate mortgage
d) Cash lien / pledge
FWBL Nikhar Finance Processing Charges
0.1% of the total loan amount or Rs. 2000/- whichever is higher.
FWBL Nikhar Finance Turn Around Time
Ø 15 working days (Subject to completion of all documentation)
Ø Authorized branches: All FWBL branches
How To Apply For FWBL Nikhar Finance
Click on the link to explore First Women Bank Branches to apply for loan: https://branches.pk/branches/First-Women-Bank-Limited
First Women Bank Contact Information
Following are the contact Numbers for more information and queries: