• Private Schools/Technical educational institutions registered with any authority permitted by the government
• Schools that are franchise of renowned educational organizations, proof for franchise agreement and contract
• Owner of School only
• Age: 18-64 years (Age at Maturity of Loan should not exceed 72 Years)
• Experience of minimum of 3 Years of running of Schools / Technical Educational Institutes
• Business premises may be owned or rented. However, in case of rented building the client must be operating the business at same location for the last 02 years.
• Holding valid CNIC/SNIC
• Not defaulter of any financial institutions & Public Utilities.
• Residing or working in launching cities for at least 1 year in case of owned residence or Min. 02 years
• Staff Strength shall be up to 25
• Student Strength shall be minimum 100 students.

Up to Rs. 5,000,000/-

Upto 10 Years (Equal Monthly Installments)

• Valid Computerized National Identity Card (CNIC/SNIC)
• Valid and Clean eCIB and NADRA Verisys
• 1 recent passport size photograph of the Customer
• Copy of last paid utility bill of School
• Copy of School registration certificate
• Valid rental agreement, if applicable (covering entire period of financing)
• Franchise Agreement, if applicable
• Copy of property documents offered as collateral
• Legal Opinion on property documents (to be arranged by the bank)
• Offered Property Valuation Report from PBA approved Valuator (to be arranged by the bank)
• Bank Statement for last six months in case of School/Owner
• Details of expected capital expenses in case of construction/renovation including details of costs to be borne by customer (Min. 20% of total expected expenses)
• NTN Number of Customer/school (if available)

• Mortgage of Property offered as collateral
• One security Cheque crossed in MMBL favor for total amount (Principal + Markup).
• Loans, one of the following securities, can be offered along with charge on receivables 
  • Gold, Gold Ornaments
  • Token Registered Mortgage (TRM)/ Equitable Mortgage (EM) against residential/commercial property
  • MMBL’s Charge against Agri. Land  

• Free Credit Life Insurance – Applicable on permanent disability and death of borrower
• Customer paid Insurance of offered Property (If any)
• All schools/houses/properties mortgaged against the loan shall be covered by insurance to the extent of approved loan amount for the entire period of facility. Insurance costs would be borne by the customer.

As per SOC

• Income Protection: PKR 2,500 per day , payout up to 10 days
• Hospitalization: Limit up to PKR 200,000/- , Room Limit: 10,000
• Accidental Death or Permanent Disability: Outstanding loan or PKR 1,000,000/- (whichever is less).
• Loss of Business Premises / Structure): Upto the outstanding loan amount or Rs. 1,000,000 (whichever is less)

*Terms & conditions applicable