AGROBANK Ijarah
A medium to long-term financing
A facility used to finance capital assets such as plants, machinery, and vehicles
Ijarah
Ijarah is a medium to long-term financing facility used to finance capital assets such as plants, machinery, and vehicles.
FEATURES
- Bank bears the risk of the asset throughout the Ijarah tenure.
- Flexibility to choose between fixed and floating rates
CRITERIA
- Customer to provide acceptable collateral as per bank’s requirement.
- Customers must meet the bank’s as well as applicable regulator’s policies.
HOW TO APPLY APPLICANT TO PROVIDE:
- Customer’s Basic Fact Sheet.
- Facility Application Form.
- Financial Statements (as per Prudential Regulations and bank requirements).
- Company’s Profile.
- Other documents as per the bank’s policy.