Ghazanfar bank offers SME and other banking services to corporate the economic growth of the country. SME Banking of Ghazanfar Bank is assuming a new and modern dimension. It is entering in to a wider horizon. The philosophy of extending banking services to SMEs of the country is to meaningfully push every SME entrepreneur up to the next level of respective business operations. SME loan facility is defined as advancing loan facility between range of USD 50,000/- (United States Dollars Fifty Thousands) to USD 500,000/- (United States Dollars Five Hundred Thousands).
Ghazanfar Bank offers Over Draft Facility which is a convenient and flexible form of short-term financing for routine operating expenses and overheads of the companies. Overdraft (i.e., withdrawal over and above the credit balance, if any, in the account) is allowed in the account up to the sanctioned limit. Deposits and withdrawals are allowed in the account subject to the condition that the debit balance in the account should not exceed the sanctioned limit at any time. And interest is charged only on the daily loan outstanding balance and applied at the end of the month..
Any credit facility which is stipulated to be repaid in fixed installments over a period of not less than 1 year is to be classified as Term Loans.