FWBL makes loans to women entrepreneurs for the establishment of new businesses / existing business development and for working capital. Women can get loans of up to Rs. 2 millions. The bank’s Financial Services Desk assists loan applicants in financial, legal, fiscal, marketing and management matters. So interested women who want to upgrade their business can get a loan after a very short and easy process.
FWBL Business Loans for Women Eligibility Criteria
Ø For women Entrepreneurs between the age bracket of 25 -55, holding 50% or more Equity in the business
FWBL Business Loans for Women Financing Limit
Ø Up to Rs. 2.00 M
FWBL Business Loans for Women Basic Required Documents
a) Copy of CNIC
b) Loan Application/BBFS
c) Bank statements for past one year
d) Latest Tax returns, if applicable
e) Financials & cash flows
FWBL Business Loans for Women Collateral
Two personal guarantees from creditworthy individuals with strong financial standing and Mortgage of shares, duly insured in favor of the Bank.
FWBL Business Loans for Women Mode of Repayment
Ø In the case of RF, the capital adjustment from time to time with the full adjustment must be made at least once a year and the profit margin quarterly.
Ø Monthly / Quarterly 1 to 3 years in case of term loan.
How To Apply For FWBL Business Loans for Women
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: