JS Bank brings an exciting opportunity for the youth of Pakistan to achieve financial independence through Prime Minister’s Youth Programme (PMYP). Through the program, entrepreneurs can access subsidized loans at convenient terms for setting up or expanding their businesses.
Features of PMYP
Tier 1 | Tier 2 | Tier 3 | |
Loan Limits | PKR 100,000/- to PKR 1 Million | PKR 1,000,001/- to PKR 10 Million | PKR 10,000,001/- to PKR 25 Million |
Pricing | Fixed at 3% | Fixed at 4% | Fixed at 5% |
Tenor | Up to 8 years | ||
Grace Period | Maximum 1 Year Grace Period (may vary based on the type of business) | ||
Loan Repayment | Equal Monthly Installments (EMI) | ||
Debt: Equity Ratio | 90:10 | 80:20 | 80:20 |
Collateral | Clean, however, only personal guarantee of the borrower. | Any tangible security/collateral as per Bank’s own credit policy and collateral management policy |