What Is Creditech Business Finance
Creditech Business Finance offers tailored financial solutions to help entrepreneurs and businesses grow. With flexible loan terms, fast processing times, and competitive rates, Creditech makes it easier for businesses to secure the funding they need. Whether you’re looking to expand, invest in new equipment, or manage working capital, our business finance options are designed to meet your specific needs. No hidden fees, quick approvals, and simple repayment plans ensure that your financial journey is smooth and hassle-free.
Creditech Business Finance - Eligibility Criteria
Financing Options: Available for business expansion, equipment, or working capital.
Maximum Financing: Up to PKR 10 million for one loan.
Loan Tenure: Up to 7 years.
Security Deposit/Down Payment:
Minimum 15% for salaried professionals and 25% for self-employed/business owners.Credit and Bureau Checks:
Clear e-CIB and local credit check required.Additional Details:
Processing charges apply for documentation.
Repayments are made via direct debit from the business account.
Funds are disbursed directly to the business or vendor.Tax & Age Limits:
Non-filers are subject to 4% Advance Tax.
Applicant age: Minimum 25 years, maximum 60 years (salaried) or 65 years (self-employed) at loan maturity.Employment/Business History:
Minimum 2 years of continuous employment for salaried professionals.
Minimum 3 years of business experience for self-employed.Debt-to-Income Ratio:
Repayments should not exceed 40% of net income.
Who is Eligible For Creditech Business Finance ?
Small Enterprises
Annual Sales Turnover : Upto Rs.150 Mn
Number of employees : Upto 50
Max Financing allowed : Upto Rs.25 Mn
For Businessmen Individuals:
Annual Sales Turnover : Rs.150 Mn Upto Rs.800 Mn
Number of employees : 51 to 250 (Manufacturing & Service Concerns) – 51 to 100 (Trading Concerns)
Max Financing allowed : Upto Rs.200 Mn
Required Documents
- Application Form: Duly filled and signed by the applicant.
- For Salaried Individuals:
- A copy of the recent pay slip or employment certificate.
- For Businessmen:
- Business proof such as a bank certificate confirming proprietorship, NTN, business association letter, or tax return.
- Bank Statements:
- Copy of the last six months’ bank statements.
- Photograph:
- One recent passport-size photograph.
- Specimen Signature:
- Specimen signature card, preferably on the bank’s prescribed format.