Punjab’s business-financing offer refers mainly to two separate programs: the Asaan Karobar Card and Asaan Karobar Finance. The Card is for eligible small entrepreneurs aged 21–57 and offers up to PKR 1 million; Finance is for eligible applicants aged 25–55 and offers larger, tiered SME financing. Their eligibility and document requirements differ, and meeting the listed criteria does not guarantee approval.
Which Punjab interest-free loan program do you mean?
“Punjab interest-free loan scheme” can refer to several programs. This guide covers the two prominent business options: the Asaan Karobar Card and Asaan Karobar Finance. They are not interchangeable: the Card is digitally structured business credit, while Finance provides larger, tiered SME financing. Punjab’s Kissan Card and Parwaaz Card serve different applicant groups and are not business-loan alternatives covered here.
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Check the relevant live scheme portal or call helpline 1786 for current availability, instructions, charges, and case-specific requirements.
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The Government of Punjab’s scheme page lists these requirements for applicants:
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- Be a Pakistani national and resident of Punjab, with an existing or prospective business located in Punjab.
- Be 21–57 years old.
- Have a valid CNIC and a mobile number registered in your own name.
- Meet satisfactory credit and psychometric assessments; the page also lists a clean credit history with no overdue loans.
- Submit no more than one application per individual and business.
The Card offers up to PKR 1 million. The Punjab Portal describes a digital application through the PITB portal, digital checks of identity, creditworthiness, and business premises, and a non-refundable PKR 500 processing fee. These program details can change, so verify the current application page before applying. The official pages identify CNIC and an own-name mobile number but do not publish a complete current list of Card upload documents.
Who qualifies for Asaan Karobar Finance?
The Punjab Portal and Bank of Punjab list the following general requirements:
- Be a Pakistani national residing in Punjab, with the business located in Punjab.
- Be 25–55 years old on the application date.
- Have a valid CNIC and NTN, be an active FBR tax filer, and have a clean credit history.
- Meet the relevant SME sales category: a small enterprise has annual sales up to PKR 150 million; a medium enterprise has sales above PKR 150 million and up to PKR 800 million.
- For working capital, expansion, or balancing, modernization, and replacement (BMR) financing, own or rent the premises in the name of the applicant, partner, director, or business, as applicable.
- Meet State Bank of Pakistan prudential regulations and the bank’s underwriting requirements. The Bank of Punjab lists one loan per business per premises.
The Punjab Portal lists Tier 1 financing of PKR 1–5 million and Tier 2 of PKR 6–30 million. PSIC’s page gives Tier 2 as PKR 5–30 million, so the published official pages differ on the minimum. Confirm the applicable tier and amount in the current application portal.
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| Feature | Asaan Karobar Card | Asaan Karobar Finance |
|---|---|---|
| Applicant age listed | 21–57 | 25–55 on application date |
| Financing published | Up to PKR 1 million | Punjab Portal: Tier 1 PKR 1–5 million; Tier 2 PKR 6–30 million. PSIC lists Tier 2 at PKR 5–30 million. |
| Security described | Personal guarantee | Tier 1: personal guarantee; Tier 2: secured |
| Term described | PSIC lists three years | Punjab Portal lists up to five years |
| Published processing fee | PKR 500, non-refundable | Punjab Portal: PKR 5,000 for Tier 1 and PKR 10,000 for Tier 2 |
| Tax and business requirements | Punjab business; CNIC and own-name mobile number | Punjab business, NTN, active FBR filer status, and applicable SME and premises requirements |
These are terms shown on the Government of Punjab and PSIC pages, not a promise of approval or a guarantee that every borrower will pay no other charges. The Punjab Portal describes zero end-user interest, while equity contributions and handling or actual charges vary by case. Check current terms before committing.
What documents should Finance applicants prepare?
A 2025 Sports Industries Association of Pakistan notice reproduces a Finance checklist attributed to a Bank of Punjab team leader. It is a preparation aid, not a definitive current official checklist; not every item necessarily applies to every application.
- Photographs of the proprietor, partners, or directors.
- CNIC and cell-number/network details.
- Electricity bills for the home and business.
- Proof of business-premises ownership or a rent agreement.
- NTN copy and tax returns for the last two years.
- CNICs and cell numbers for two references.
- Account statements for the last year.
- Latest financial statements.
- A facility offer letter (FOL) or details of existing loans from another bank.
- A feasibility report for a new business or startup.
- An export performance certificate or import certificate, where relevant.
- Property documents such as a sale deed, fard, or transfer letter, where relevant.
The official program pages reviewed establish identity, tax, premises, and credit requirements but do not provide a complete current document-upload checklist. Confirm which items apply to your case in the live portal or through helpline 1786 before paying a fee or submitting original documents.
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What documents should Card applicants prepare?
Official Card pages identify a valid CNIC and a mobile number registered in the applicant’s name, and describe digital verification of identity, creditworthiness, and business premises. They do not publish a complete current upload checklist. Do not assume the Finance checklist applies to Card applicants; check the current Card application portal or call 1786 for any additional requirements.
How to choose the right program
- Consider the Card if you are a small entrepreneur who meets its age and Punjab business criteria and needs no more than its published maximum of PKR 1 million.
- Consider Finance if you meet its age, tax-filer, NTN, SME, and applicable premises criteria and need larger financing for an eligible business purpose. The scheme describes uses including startups, expansion, modernization, working capital, logistics leasing, and eligible climate-friendly investments.
- Compare the full terms before applying: the Card and Finance have different eligibility tests, security arrangements, fees, and document expectations. Finance may also require an equity contribution and case-specific charges.
Use the current official application portal for the program you choose, and contact helpline 1786 if a requirement, fee, or document request is unclear.
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