How to Apply in Prime Minister's Youth Business Loan (PMYBL Registration Process)

STEP-BY-STEP INSTRUCTIONS FOR REGISTRATION IN THE SCHEME OF PRIME MINISTER’S YOUTH BUSINESS LOAN

Please note that the fields with (*) are mandatory and need to be filled. Click on the small arrow at the right side of each field and select the appropriate answer from the drop-down menu.

Registration Process

Are you a government employee? Select Yes or No from the drop-down menu.
Please select whether you are a resident of Pakistan.
Select the bank where you want to apply for the loan under Youth Business Loan.
Are you an employee of the bank selected above? Select Yes or No.
Are you a politically exposed person? Select Yes or No.
Is it a new business or do you want to expand your existing business? Select your
business status from the drop-down menu.

Please note that you are not eligible for this loan scheme if you are a government employee or politically exposed person or employed in the bank you selected for the loan application.

Section B: Personal Information

Type your full name as per CNIC.
Select your gender from the drop down menu.
Type your correct CNIC number and re-enter the same in the next field.
Type CNIC issue date and re-enter the same in the next field.
Type your date of birth as per CNIC and re-enter this information in the next field.
Please note that the above information is highly critical and will be verified by NADRA so make sure to fill it in with utmost care.
Select from the drop down menu the number of people dependent on you.
Select your marital status from the drop down menu.
Type the full name of your father/husband/guardian.
Type CNIC number of your father/husband/guardian.
Select your religion from the drop-down menu.
Select the appropriate answer from the drop-down menu whether you have any disability.
Type your source of income.
Type your current monthly income in PKR.
Type your additional monthly income from other sources.
If you have a bank account, provide its name and account number.
Write down your personal wealth detail. It can be in the form of cash, asset, property etc.)
Type the consumer ID of any of your utility bills. (Gas, electricity, or Telephone).
Type your National Tax Number.
Providing NTN is not mandatory however having NTN will increase the selection chances of applicants. You can visit FBR official website to apply for NTN to increase your selection chances.
Upload your passport size picture. (Make sure the selected picture is clearly visible and is not a selfie)
Scan or take a picture of your CNIC’s front and back sides and upload.
Select your highest level of education from the drop down menu.
If you have obtained any technical education select from the drop down menu. Select ‘None’ if not any.
Select any relevant technical skill you have from the drop down menu. Select ‘None’ if not any.
Upload your last educational degree/certificate.
Upload your technical education certificate/diploma if any.
Upload if you have any documented proof/certificate of your artisanship or any skill obtained.
Provide your correct contact details under this section as you will be contacted by the bank through the contact details you provided below.
Type your present address here.
Select your present province, district, and tehsil from the drop-down menu.
Type your permanent address here if different from the present address.
Select the province, district, and tehsil of your permanent address from the dropdown menu.
Type your residence phone /landline number with the area code.
Type your primary mobile number that is currently in your use.
Type your secondary mobile number. This is important just in case your primary number or landline number is not accessible.
Select the appropriate option whether your primary mobile number is registered in your name. Type your email address. You can leave this blank empty if you don’t have an email address.
Select your residence type whether it’s rented, shared, or your own, etc.

Section E: Business Information

This section is about your business related information.

What is the main category of your business? Select from the drop down menu.
Select your business sector from the drop down menu.
Select your business sub-sector from the drop down menu.
Type the official name of your business.
Provide basic details of your business.
Select your business address from the drop down menu. Provide your residential
address in case your business doesn’t have any physical presence.
Select your business province from the drop down menu.
Select your business district and tehsil from the drop down menu.
Is your business registered or not? Select the appropriate answer.
Select the entity type of your business. The entity type is the ownership structure of
your business e.g. sole proprietorship, partnership, or limited company.
Type the consumer ID of your business utility bill if applicable. (Electricity, Gas, Water
or Telephone bill)
Type your business National Tax Number.
Select whether any vehicle is registered in your name or in your business
partner’s/company’s name.
If applicable upload the registration documents of your vehicle.

F. FINANCING DETAILS

This section is regarding the information related to the loan you are going to avail of under this scheme.

Select the type of loan you need for your business.
Select the tier type depending on the size of the loan required.

Loans provided under Prime Minister’s Youth Business Loan are now segregated into 3 tiers.

updated with 0% interest soon as possible.

Tier 1: The range is 100,000 upto 1 million PKR with 3% markup
Tier 2: The range is above 1 Million upto 10 Million PKR with 4% markup
Tier 3: The range is above 10 Million upto 25 Million PKR with 5% markup

Select loan repayment tenure. How many years do you need to pay it back?
Type the total estimated cost of your business in PKR.
Type the required loan amount in PKR.
Type the required loan amount in words.
Select the percentage of your own contribution to the business.
Mention in digits your contribution to the business. (This field will be automatically updated once the equity contribution percentage is added to the above field)

Note: This section will only be visible/applicable if you are applying for a loan above 1 million under tier 2 or 3.

Select the type of security you are offering to the bank. (You can offer vehicles, land, ornaments, public security, or private security. Public security is an investment in government bonds while private security is an investment in any bond/company shares.) Type briefly details of the security being offered. Select the ownership status of offered security. Upload the documented proof of security being offered.

Section H: Business Plan
If initially, you had selected ‘New Business’ as your current business status, then below mentioned questions will be shown under this section.

Type estimated cost of operating assets.
Type the estimated cost required for the initial setup of your new business.
Type your monthly business revenue. Mention the expected estimate.
Type your monthly business expenses. Mention the expected estimate.
Type your monthly indirect business expenses. Mention the expected estimate.
Type in digits the estimated number of employees to be hired in your business.
Select your relevant experience in years.
Upload your experience certificate if any.

Use this field if you want to upload any other relevant document to strengthen your case.

Upload the feasibility report of your new business. Either you can draft a feasibility report yourself or avail of the services of a finance expert/company.

If initially you had selected ‘Expand existing Business’ as your current business status, then below mentioned questions will be shown under the ‘Business Plan’ section.

Mention the current assets of your business. (Current assets are for a shorter period of time used in the day-to-day operations of a business to keep it running. For example cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.)

Type the name of your fixed assets. (Fixed assets are long-term, physical assets such as machinery, plant, equipment, shop/building ownership etc.)
Type your current liabilities. (E.g. accounts payable, short-term debts, income taxes owed etc.)
Type your long term liabilities. (E.g. bonds payable, long-term loans, capital leases, deferred income taxes etc.)
Type your equity contribution amount.
Type your monthly business revenue.
Type your monthly business direct expenses.
Type your monthly business indirect expenses.
Type in digits the number of employees associated with your business.
Type in digits the estimated number of new employees expected to be hired. For how many years have you been associated with this business? Type your business age in numbers.
Upload your latest tax return file.
Upload your business license or registration document.
Upload your financial bank statement for the last 3 years. If applicable, upload a recommendation letter from Chamber / Trade Body / Union.
Upload the feasibility report of your business. Either you can draft a feasibility report yourself or avail of the services of a finance expert/company.

Section I: Financing History

Is you or your parent or spouse a defaulter? (This may affect the minimum required size of your security and equity contribution.)

Mention loan defaulter details. If you have already availed of any type of loan from other banks, you are required to mention details here.

Type the name of the bank from where you have availed loan.
Type in digits the total loan amount you received.
Type in the digits outstanding loan amount.
You are required to provide details of 2 persons as a reference.

Please note that the references you are providing should not be your blood relative.

Type the full name of the person.
Type your relation with him/her. (Friend, colleague, neighbor etc.)
Type his/her correct CNIC number.
Type his/her mobile number.

DECLARATION

Dear applicant,

This is the last section of your application where you are required to declare the authenticity of the information provided in the form. You need to verify the basic information mentioned below. Tick here to agree to the terms and conditions. Submit the form after proofreading/correcting all the information provided under different sections.

Please note that no corrections can be made after an application is submitted.

Therefore, all applicants are advised to fill out the form correctly and with utmost care. Save the filled out form before submission, proofread all the fields for accuracy and then submit it.

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