SME Asaan Finance (SAAF) Scheme

Project Name

SME Asaan Finance (SAAF) Scheme

Execution

The Bank of Khyber

Target Areas

All Provinces of the country including GB and newly merged areas.

Loan Type

  • Term loans (Demand Finance)
  • Working Capital/ Running Finance (Running Finance)

Processing of Application Forms

On First come, First Serve Basis

Sectors

All SME sectors including Services, Trading, Manufacturing & Agriculture.

Scope & Eligibility

  • All SMEs having verifiable, viable and feasible business plans. Startups may also be entertained.
  • Single SME can avail this facility from one bank only.
  • The definition of SMEs as prescribed in Prudential Regulations for SME Financing will be applicable for the purpose of this scheme.

 

In-Eligibility

  • Existing Asset Clients of the bank.
  • SAAF client of any other Bank.
  • An employee of any Government or Semi-Government or Autonomous body.
  • A loan defaulter or the applicant having any outstanding loan exposure with overdue of more than 60 days with more than one time incident from any Banks and not having clean e-CIB.
  • Businesses on negative list of Government of Pakistan.

Financing Limit

Maximum financing limit under the scheme to a single SME will be capped at PKR 10 million as per SBP defined three categories.

Categories

Portfolio Category

Tier-I

Loans up to PKR 4 million

Tier-II

Loans exceeding PKR 4 million and up to PKR 7 million

Tier-III

Loans exceeding PKR 7 million and up to PKR 10 million

 

Type of loan

  • Term loans
  • working capital / Running finance

 

Security

  • Loans shall be secured against personal guarantees of the borrowers.
  • In case of commercial vehicle HPA / Joint Registration 

Financing Tenor

Maximum tenor as per terms & conditions of approved financing facility/ Business Assessment.

Repayment

The loan will be repaid on due dates agreed between the bank and the borrower.

Mark-up

End User: 9%. p.a. [SBP: 01% p.a, BOK: 08% p.a]

Risk Sharing

The Bank risk is covered in the following manner as per SBP Circular No. IH&SMEFD Circular No. 09 dated: August 16, 2021 Titled SME Asaan Finance (SAAF) Scheme.

Categories

Portfolio Category

Risk Coverage

Tier-I

Loans up to PKR 4 million

60 percent

Tier-II

Loans exceeding PKR 4 million and up to PKR 7 million

50 percent

Tier-III

Loans exceeding PKR 7 million and up to PKR 10 million

40 percent

 

 

To Dowload Application form Click Here

To Apply Online Click Here

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