What Kind of Guarantee Required for Prime Minster’s Youth Business Loans

As you know the Prime Minster’s Youth Business Loans programme has been started and the Pakistani and AJK nationalities men and women whose age is between 21 years to 45 years can apply for this loan. You will have the deposit the loan amount in 8 years. 1st installment will be started after one year. Thus the period of the loan installments is 7 years. Now I ll discuss about the guarantees. Only one guarantee is required for this loan. The detail of the same is as under:

In consideration of the request of Mr. ABC S/D/WO XYZ having CNIC No. 123456789 for financing under Prime Minster’s Youth Business Loans. I hereby agree to provide guarantee in favour of NBP subject to the approval of the finance by NBP as per its policy and procedure.

I also hereby confirm that I am not a defaulter of any bank with no rescheduling history. The applicant is known to me for the past ___ years. I also agree to provide the documents to the bank as per its requirements. I also allow the bank to verify my credentials as a guarantor as per the following:

  • Documents Verification
  • NADRA Verification
  • ECIB Report
  • Residential/Office Address Verification
  • Six Months Bank Statements Verification
  • Telephonic Verification
  • Net Worth Verification
  • Property Verification
  • Any other verification by the bank as per its satisfaction

After approval of the finance by the Bank, I hereby agree to sign-off of guarantee agreement (on Bank’s specified format) and submit three postdated cheques (covering the total finance and mark-up amount) favouring NBP.

In case of default, I shall assume the role of principal debtor covered under my guarantee and will become primarily responsible for discharging debts outstanding in the name of applicant.

The Application Form for Prime Minster’s Youth Business Loans has already been published by me.

 

Guarantee Form Loan

 

 

Summary
Article Name
What Kind of Guarantee Required for Prime Minster’s Youth Business Loans
Description
One guarantor is required for the PMYB Loans. You can download the Guarantee Form for Prime Minster’s Youth Business Loans.
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5 Comments

  1. ghulam mustafa bhatti says:

    A.OA THANKS FOR MADAM SEN THE REPLY IN THIS REGARD. PLEASE I FURTHER REQUESTED IN THIS REGARD . THE SAME WILL BE INCULED WITHIN THE LILST/ OR INCULDED THE ONE MOR E POINT FOR INSURANCED LOAND AND TOTAL INSURCTION IS YES AVAILABLE AND INFORMAED BY THE BANK AUTHORTIES AND CONCERED FOCAL PERSONAL.BUT MADAM..............THE MISTAKE IS THAT NOT INCULED IN THE PERCERIBED / PRINTED FORM PLEASE THIS IS POINT BE HELP AND IN THIS REGARD PLEASE VIA THIS NET WORK THANKS PLEASE

  2. NASIR JAMAL says:

    aoa. can you tell me what is source of guarantor consent form ?

  3. ghulammustafabhatti says:

    A.O.A THANKS FOR SENDING THE NICE TAG TO GRANT THE YOUTH PM I R OF PAKISTAN IN DECEMBER2013.THROUGH NATIONA TV AND RADIO ALSO PRESS ETC. 01.MADAM...............PLEASE GIVE THE GAUIDE LINE AND HELPH IN THIS REGRAD . THE ONE OFFICER CAN BE GIVEN THE SIGNATURE OR GAURANTEROF OTHER YOUTH OR NOT PLEASE.........3. MADAM...........IF THE SANCTION LOAN AND SUDDENLY IF DEATH OF APPLICANT OF SAID LOAN. WHO RECEIVED THE SAME .ITS FAMILY MAMBER TO COLLECT THE SAME PAYMENT THIS IS NOT CLEAR AND MADAM............MAY BE GIVE AND GAUIDE LILNE PL..............AND HELP REGADS. 4...............MADAM ....THE DRWAS THROUGHOUT COUNTRY AND THE SEMADIA AND OTHER GOOD AND REPUTED UNIT TO SUPPORT IN THIS REGARD. I THANKS FULL ALSO IN THIS REGARD AND AS WELL AS REAL SUPPORT TO YOUTH . THIS IS GOOD PROGRAM BY THE HON PM OF I.R..PALISTAN. MA Y ALLAH PAK WILL RUN FOR EVER AND TO IMPROVE THE COUNTRY REVEUNE AND GIVE THE JOB IN OUR JOBLESS PEOPLES . BEST WISHES PLEASE.

  4. ghulammustafabhatti says:

    A.O.A THANKS FOR SENDING THE NICE KNOWLEDGE THE NEWLY AANNOUNCED THE YOUTH LOAN BY THE HONURABLE PRIME MINSTER OF ISLAMIC REPUBLIC OF PAKISTAN FOR THE DATE MAY BE 08,12,2013 IN NATIONAL BANK AND FRIST WOMEN BANK AND THAT IS TOO GOOD THE 50 PERCENT FOR WOMEN AND THE GIVE THE IMPOWER MENT OF WOMENT OF OUR COUNTRY. AND 5 PERCENT TO GIVEN THE DISABLE AND MAY BE 5 PERENT FOR SHAHEED FAMILY AND ETC REMAING 40 PERCENT YOUTH AGE LIMIT 21 TO 45 YEAR . 2.............MADAM THE BANK OFFICER AND OFFICER B 17 AND BANK STATMENT O6 SIX MONTHS BANLANCE OF GAURANTER OR.........I AND WE NOT UNDER STAND NOW THE APPLIED LOAN . AND THE VERIFICATION AND ALL PROCESS IS TO LENTHGY AND TOLLAY RESPONSIBLE THE BANK AUTHORITY AND THE B17 WHERE IS THE OFFICER IS NOS. TO GAURTEE TO HEAVY NUMBER OF APPLIED THE SUCH LOANS AND MILLION APPLIED COULD NOT TO FACILITED THE SAME .PLEASE AND SAME NOT TO COVER THE INSURANCE PL TO HELP IN THI S REGARD. THANK S . I SALMS TO IN SUCH GRANTED THE LOANS BY THE HON PM AND ITS FEDERAL CABNET. PLEASE ACCEPT BEST WISHES REGARD./

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