Step Wise Process or Procedure of Financing

Step Wise Process/Procedure of Financing

Customer approaches the Branch and requests for credit facility.
The Branch assesses the eligibility & the business requirements of the customer and recommends a suitable financing solution along with a complete list of documents required for processing the credit request.
Upon submission of required documentation by the client; the branch forwards the financing request along with necessary documents to Head office.
Head Office reviews the credit request in light of SBP PR’s, Shari’a guidelines & internal credit risk policy of the Bank and communicates its decision to the Branch.
Upon approval of credit request; the HO releases the Approval advice, Facility Offer Letter, Shari’a Process Flow, Financing Documents & list of Security Documentation in line with the Approval.
The Branch coordinates with the client for signing & acceptance of the aforementioned documentation and submits the same to Head Office.
If the submitted documents are in line with SBP PR’s & credit approval including security documentation/formalities; Head Office releases the credit limit and disburses funds as per the terms and conditions outlined in the Approval & Shari’a Process Flow.