u bank loan scheme in pakistan | u bank loan scheme 2022 online apply |

U Microfinance Bank Limited offers loan facility in u bank loan scheme in pakistan and u bank loan scheme 2022 online apply for salaried ,business man individuals to provide them with access to funds required to fulfill their emergency needs of up .

U Microfinance Bank Limited:

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company. The bank has a network of more than 240 branches, across 210 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of U Paisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 50,000 agent locations across Pakistan.

U Bank Provides Loan in Different Category are below:

1.Apna Karobar – Murabaha Financing

2.Apna Karobar – Premium Murabaha Financing

3.Asaan Kashtkar – Salam Financing

4.Asaan Kashtkar – Premium Salam Financing

5.Makaan Asaan – Diminishing Musharakah Financing

6.Naya Pakistan Housing Scheme – Makaan Asaan Diminishing Musharakah

1.Apna Karobar – Murabaha Financing

U Bank Islamic Banking offer individual financing facility based on Murabaha Islamic mode of finance against personal guarantee for micro-entrepreneurs to finance their working capital requirements (except cash), or purchase of assets, including various commodities, livestock, bikes, solar panels and batteries, three wheeler loader or rickshaw, etc. for expansion of their business.

Salient Features:

• Financing facility up to PKR 600,000/-
• Financing tenure from 6 to 36 months
• Free credit Family Takaful facility in case of death or permanent disability
• Financing facility against individual guarantee
• Financing repayment in equal monthly installments (EMI)

Required Documents:

• Copy of CNIC of applicant and guarantor
• 1 passport-sized picture of applicant and guarantor
• Copy of utility bills of applicant and guarantor
• Utility bill of residence (in case of salaried guarantor)

2.Apna Karobar – Premium Murabaha Financing

U Bank Islamic Banking offer financing facility based on Murabaha Islamic mode of finance for small and medium-sized entrepreneurs to help them meet their business financial needs. By availing this financing facility, retailers, medium-sized firms, and school owners can expand their existing businesses by purchasing assets, including various commodities, livestock, bikes, solar panels and batteries, three wheeler loader or rickshaw, raw material, etc. and necessary business equipment.

Salient Features:

• Financing amount of up to PKR 3,000,000/-
• Financing tenure 06 – 60 months
• Financing repayment in monthly or Half Yearly/ Semiannually installments
• Hassle-free Financing processing
• Complementary Credit Family Takaful facility
• Financing facility for women on priority basis
• Financing against collateral of gold bullion, gold ornaments, gold biscuits, jewelry, etc. or Equitable, Registered or Token Registered Mortgage of shop, business, residential of sole proprietor or partners, Hypothecation charge on Personal or Business Vehicle, charge creation on Agri Land, lien on Deposit or TDR, Lien on Government Securities (DSC, SSCs, Behbood Certificate), and any other Moveable or Immoveable property against which U Bank can create charges, as per bank policy

Minimum Required Documents

• Valid CNIC
• One passport-sized photograph
• Copy of utility bill of applicant

3.Asaan Kashtkar – Salam Financing

U Bank Islamic Banking offer Shari’ah compliant financing product based on Salam Islamic mode of finance through individual financing. The financing is extended to help the agricultural sector and farmers meet their working capital requirements, such as for tube wells, solar panels and batteries, and other agriculture-related needs. This is based on the concept of the sale of homogenous goods and commodities by the customer, with deferred delivery of goods to the bank against an immediate full payment in advance.

Salient Features

• Financing amount up to PKR 600,000/- to meet the basic needs of agriculture sector
• Financing tenure up to 15 months
• Easy and fair financing processing
• Complimentary credit Family Takaful
• Financing facility on personal guarantee 
• Lump sum and Bullet financing repayment option

Minimum Required Documents

• Valid CNIC
• One passport-size photograph

4.Asaan Kashtkar – Premium Salam Financing

U Bank Islamic Banking offer Shari’ah compliant financing product based on Salam Islamic mode of finance through individual financing against Agri Passbook and Agri Land, gold bullions, ornaments, jewellery, gold biscuits etc., Equitable, Registered or Token Registered Mortgage of shop, business, residential of sole proprietor or partners, Hypothecation charge on Personal or Business Vehicle, lien on Deposit or TDR, Lien on Government Securities (DSC, SSCs, Behbood Certificate), and any other Moveable or Immoveable property against which U Bank can create charges as collateral. This is based on the concept of the sale of homogeneous goods and commodities by the customer, with deferred delivery of goods to the Bank against an immediate full payment in advance.

Salient Features

• Financing amount of up to PKR 3,000,000/-
• Financing tenure 6 to 15 months
• For meeting all agricultural needs such as purchasing fertilizers, seeds, pesticides, tube well, solar panel and batteries, and agricultural related machinery & equipment
• Financing facility without any individual guarantee
• Financing against collateral of Agri Pass Book and Agri Land, gold bullion, gold ornaments, gold biscuits, jewelry etc. or Equitable, Registered or Token Registered Mortgage of shop, business, residential of sole proprietor or partners, Hypothecation charge on Personal or Business Vehicle, lien on Deposit or TDR, Lien on Government Securities (DSC, SSCs, Behbood Certificate) and any other Moveable or Immoveable property against which U Bank can create charges, as per bank policy
• Complimentary credit Family Takaful
• Lump sum and Bullet financing repayment option

Minimum Required Documents

• Valid CNIC
• One passport-sized photograph
• Copy of utility bill of applicant and guarantor
• Collaterals related documents

5.Makaan Asaan – Diminishing Musharakah Financing

U Microfinance Bank Islamic Banking offers Shari’ah Compliant Housing Finance facility based on Diminishing Musharakah (DM) Islamic Mode of Finance, for those individuals who are looking to purchase a plot, house, flat, an apartment, or receive financing for the construction of a house, construction on customer’s existing owned land, extension of an existing house or structural improvement, and home improvement or renovation on existing premises.

Product Purpose:

• For purchase of house, flat, or an apartment
• For purchase of land for house construction
• For house construction on customer’s own land
• Expansion in existing house or structural improvement
• Home improvement or renovation

Eligibility Criteria:

• Pakistani resident having valid CNIC
• Age limit: 22-65 years (at the time of finance maturity)
• Minimum monthly income: PKR 25,000

Salient Features:

• Finance facility from PKR 150,000 to PKR 3,000,000
• Financing tenure from 3 to 25 years
• Financing repayment in equal monthly installments
• Income clubbing with immediate family members
• The financed housing unit will be mortgaged in the favor of U Microfinance Bank

Required Documents:

• Original CNIC
• Recent passport sized photo
• Proof of income
• Title documents of property to be mortgaged

Offered property should be free from any bar and charges.

6.Naya Pakistan Housing Scheme – Makaan Asaan Diminishing Musharakah

U Microfinance Bank Islamic Banking offers Shari’ah Compliant Housing Finance facility under Government’s Profit Rate subsidy scheme to individuals based on Diminishing Musharakah (DM) Islamic mode of finance. Customers looking to purchase a house, flat or an apartment or plot purchase or construction of a house, construction on exiting owned land or extension of an existing house/structural improvement can utilize this facility.

Basic Product Purpose:

• For purchase of House or a Flat or an Apartment
• For purchase of land for house construction
• For house construction on customer’s own land
• Expansion in existing house or for structural improvement

Eligibility Criteria:

• Pakistani Resident having valid CNIC
• Age limit 25-60 years (at the time of finance application)
• First time Home owner
• Minimum monthly income Rs.25,000

Salient Features:

• Finance facility from PKR 500,000 to PKR 2,000,000
• Financing tenure from 5 to 20 years
• Financing repayment in equal monthly installments
• Income clubbing allowed with immediate family members
• In line with SBP’s direction regarding this scheme, the financed housing unit will be mortgaged in the favor of UMBL.
• Financing facility available for:
  • House upto 125 sq. yards (5 Marla) and
  • Flat/Apartment with maximum covered area of 1,250 sq ft.

Profit Rate:

First 05 years	5%
06-10 years	7%
Above 10 years	KIBOR + 7%

Required Documents:

• Original CNIC
• Passport size photo (recent)
• Proof of income
• Title documents of property to be mortgaged
• Offered property should be free from any bar and charges

Tentative Installment Plan:

Finance Amount (PKR)	500,000	700,000	1,000,000	1,200,000	1,500,000	1,800,000	2,000,000
10 Years Plan Installment amount	5,303	7,425	10,607	12,728	15,910	19,092	21,213
20 Years Plan Installment amount	3,300	4,620	6,600	7,920	9,900	11,880	13,200

(Above mentioned installment amounts are calculated for first 05 years)

Watch Detailed Video for Complete Method: