{"id":81137,"date":"2021-11-04T14:56:47","date_gmt":"2021-11-04T09:56:47","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=81137"},"modified":"2021-11-04T14:56:47","modified_gmt":"2021-11-04T09:56:47","slug":"eight-banks-sme-saaf-loan-sbp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/eight-banks-sme-saaf-loan-sbp.html","title":{"rendered":"Eight banks on board to provide SME loan under SAAF scheme: SBP"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday (November 03) announced that eight banks are ready to provide loans under SME Assan Finance (SAAF) programme for collateral-free loans for Small Medium Enterprises (SMEs), news sources reported.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-issue-renewable-energy-financing-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP issue new renewable energy financing scheme<\/a><\/p>\n\n\n\n<p>The eights banks that have so far shown interest to provide SAAF loan includes Habib Bank Ltd, United Bank Ltd, Allied Bank Ltd, Meezan Bank Ltd, Bank Alfalah Ltd, The Bank of Punjab, JS Bank Ltd and The Bank of Khyber. Under the scheme, the commercial banks would provide loans of up to PKR 10 million to <a href=\"https:\/\/www.zameen.com\/news\/pm-for-promotion-and-improvement-of-smes.html\" data-type=\"post\" data-id=\"72765\" target=\"_blank\" rel=\"noreferrer noopener\">SMEs on collateral-free terms<\/a>.\u00a0\u00a0As per the details, SBP Governor Reza Baqir stated that the apex bank would issue loans to commercial banks at 1%, which they would refinance to SMEs at a maximum rate of 9% instead of the usual rate of 25% to 50%. These loans will be provided without the requirement for collateral or track record availability. The provided loans will be used for human development, human resources, technology and processes.\u00a0 <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-approvals-housing-loans.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP directs banks to accelerate approvals for low-cost housing loans<\/a><\/p>\n\n\n\n<p>Furt<a href=\"https:\/\/www.zameen.com\/news\/sbp-sme-asaan-collateral-free-financing.html\" data-type=\"post\" data-id=\"78896\" target=\"_blank\" rel=\"noreferrer noopener\">hermore, SBP has created brackets for various loan volumes, with a central bank risk guarantee of 60% on a loan of PKR 4 million, 50% on a loan of PKR 5 million, and 40% on a loan of PKR 10 million. <\/a>The SAAF scheme was launched in August 2021 to allow various small enterprises to obtain loans at a lower markup rate.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Wednesday (November 03) announced that eight banks are ready to provide loans under SME Assan Finance (SAAF) programme for collateral-free loans for Small Medium Enterprises (SMEs), news sources reported.\u00a0 Read: SBP issue new renewable energy financing scheme The eights banks that have so far shown interest to provide SAAF loan includes Habib Bank Ltd, United Bank Ltd, Allied Bank Ltd, Meezan Bank Ltd, Bank Alfalah Ltd, The Bank of Punjab, JS Bank Ltd and The Bank of Khyber. Under the scheme, the commercial banks would provide loans of up to PKR 10 million to SMEs on collateral-free terms.\u00a0\u00a0As per the details, SBP Governor Reza Baqir stated that the apex bank would issue loans to commercial banks at 1%, which they would refinance to SMEs at a maximum rate of 9% instead of the usual rate of 25% to 50%. These loans will be provided without the requirement for collateral or track record availability. The provided loans will be used for human development, human resources, technology and processes.\u00a0 Read: SBP directs banks to accelerate approvals for low-cost housing loans Furthermore, SBP has created brackets for various loan volumes, with a central bank risk&hellip;<\/p>\n","protected":false},"author":84,"featured_media":76276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[49316,48084,47613],"persona":[],"class_list":{"0":"post-81137","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-eight-banks-on-board-to-provide-sme-loan-under-saaf-scheme-sbp","9":"tag-eu-pakistan-business-forum-for-small-medium-enterprises-launched","10":"tag-sbp-announces-sme-asaan-finance-or-saaf-scheme","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eight banks on board to provide SME with SAAF loan: SBP- Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Wednesday (November 03) announced that eight banks are ready to provide loans under SME Assan Finance (SAAF)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/eight-banks-sme-saaf-loan-sbp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eight banks on board to provide SME with SAAF loan: SBP- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Wednesday (November 03) announced that eight banks are ready to provide loans under SME Assan Finance (SAAF)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/eight-banks-sme-saaf-loan-sbp.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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