e-GP Financing

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e-GP Financing

Pay Order Financing under e-GP

Our e-GP Financing is a specialized short-term facility designed for clients participating in the Government’s Electronic Government Procurement (e-GP) system. It enables contractors and suppliers to obtain the required Tender Security (Pay Order) by maintaining a cash margin, while the bank finances the remaining amount.
 

Eligibility Criteria

To avail this facility, clients must meet the following requirements:

  • Maintain/open a current account relationship with IFIC Bank PLC.
  • Possess valid contractor license/enlistment with Government, Semi-Government or Autonomous authorities.
  • Have no classified liabilities with any bank or NBFI.
  • Demonstrate adequate financial strength (net worth and turnover) to support the exposure.
  • Have no ongoing litigation, regulatory sanctions or disputed claims affecting repayment capacity.
  • Meet the experience and qualification criteria set by the relevant Tender Awarding Authority.
  • May avail multiple Pay Orders against a single margin, subject to adequacy of margin.
     

Customer Type:  Farm, Enterprise or Industry

Eligible Legal Entities: Proprietorship, Registered Partnership and Limited Company

Age Limit (For Proprietorship Only)

  • Minimum: 22 years
  • Maximum: 70 years (at loan expiry)

Margin Requirement

  • Cash Margin
  • Margin percentage as per bank policy and approval

 

 

Why Choose Our e-GP Financing

  • Maximize Bidding Capacity: Participate in multiple or higher-value tenders with limited upfront funds
  • Preserve Working Capital: Keep cash available for operations, materials and payroll
  • Fast & Convenient: Seamless Pay Order issuance aligned with e-GP requirements
  • Trusted Support: Reliable banking partner for your tender participation needs

How It Works

  • Apply for Financing
    Submit tender details and request for Pay Order financing through your nearest branch.
  • Margin Placement
    Deposit the required cash margin as per approved terms.
  • Pay Order Issuance
    The bank issues the Pay Order for Tender Security on your behalf.
  • Bid Submission
    Submit your tender in the e-GP system using the Pay Order.
  • Tender Outcome
    Liability adjustment.