Private Institution Finance

Financing Facility for Educational Institutions up to Pkr 1 Million

In order to support quality education, The First MicroFinanceBank provides financing facility for Private Educational Institutes (including Private Schools, Tuition Centers, Technical / Training Academies) require financial for capacity building (staff / teacher training), curriculum development, infrastructure development (lab construction, classroom construction, sports facilities development etc.) and asset acquisition. Private Institute Finance (PIF) is a multi-faceted proposition designed to provide a range of solutions to Educational Institutions (EI).  At one end it provides financial support to educational institutes, and on the other it provides financial solutions to cater to varying needs of these institutions

Eligibility Criteria
  • Valid CNIC
  • Age between 18-64 years
  • Business experience of at least 3 years
  • Entrepreneurs operating Private Schools, Tuition Centers, Technical Education Centers, etc.
Type of Credit
  • Short to Medium Term Finance
  • Running Finance
Purpose of Credit
  • Construction/renovation of institution building;
  • Purchase of furniture, equipment, computers, etc.
  • Establishment/expansion of labs;
  • Purchase/repair of school van;
  • Education quality enhancement tools: Teacher training and development, software and hardware equipment, technical assessments, curriculum improvement.
Lending Methodology
  • Individual Basis
Loan Amount
  • Minimum: Pkr 500,001
  • Maximum: Pkr 1 Million
Loan Tenor
  • Up to 60 months
Loan Repayment Term Loans:

  • Equal Monthly Installments
  • Equal Quarterly Installments
Collateral
  • Personal Guarantees
  • Cash/Near Cash Instruments
  • Property (residential, commercial and agriculture land)
Other Benefits
  • Credit Linked Life Insurance

Other Terms & Conditions Apply

Loans

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Deposits

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Insurance

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Banking on Education

Banking on Education