SBP relaxes its loan scheme to facilitate small businesses

105
7600

KARACHI: The State Bank of Pakistan (SBP) has added further incentives to its recently introduced temporary scheme for businesses to get loans from banks and not layoff their workers during the COVID-19 pandemic, according to a statement issued by the central bank on Wednesday.

These additional incentives include new relaxations for SMEs and a reduction in end-user rate, among others, according to Circular Letter No. 07, released by the SBP’s Infrastructure, Housing and SME Housing department to presidents of all banks and Islamic finance institutions. The new additions are effective from today.

The additions will affect the SBP scheme issued on April 10, called the ‘Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns’. That scheme provided financing for wages and salaries expenses for three months from April to June 2020, for those businesses which do not layoff their employees for those three months.

First, in an effort to incentivise tax paying businesses, the SBP has reduced the mark up rate for them to 3pc, which was set at 4pc earlier. The SBP will also provide refinance to banks at 0pc. This also increases the gap between the rates charged to active taxpayer and the non-tax payers businesses, as the latter can be charged an end user markup rate of up to 5pc.

Second, the SBP has now allowed banks to provide financing against corporate guarantees of companies in value, or based on the supply chain relationship with borrowers. This relaxation was included after SMEs, including vendors and distributors, were having trouble providing collateral.

SMEs can apply for the financing on a simplified loan application form prescribed by SBP for this scheme. Banks have also been encouraged to take clean exposure (or facilities secured solely against borrowers’ personal guarantees) on an SME borrower for up to Rs5 million.

Businesses can now avail the loan from any bank, and they will not be limited to availing loans from the bank that manages their payroll.

Banks have also been allowed to open accounts to disburse wages on information provided by the employers along with an undertaking stating that these persons are bonafide employees. Banks will have to ensure verification of the employees using NADRA before activating accounts. These accounts can only be used for salary disbursement and withdrawals.

Businesses can now also get reimbursement of salaries for the month of April 2020 that have already been disbursed through their own sources, provided they applied for financing under the scheme before disbursement, and the same is subsequently approved by the banks.

The banks’ exposure under the scheme has been exempted from the per-party or the per-group exposure limits, which will allow them to lend to borrowers that have exhausted their exposure limits.

105 COMMENTS

  1. i want a buissness loan 70 t0 80 lack .. for improve my buisness ,,
    this loakdown make me so week financaially…
    i have my own buisness till 9 yaers.. in lahore
    kindly guide me witch bank you refer me….
    adnan lahore 03009601827

    • Salam sir lockdown sa mera 20 lakhka noqsan howa ha shop ka meri garments ke shop ha 10 saal sa plz muja 20 lakh ka karza den mera koi asra ni ha Allah k siwa apsa madad mang raha hun muja apni family k leya boht kuch krna ha plz ap help kr k bina sood k karza da den

    • Me apna karobar krna chahta ho plz sir muje 5lakh ka lone dedijye sir allah k siwa mera koi madad gar ni march se me bht preshan ho plz sir meri job b khtm ho gai he plz sir meri help kr d8jye plz plz plz 03212852818

  2. I want a business loan 7 t0 10 lack .. for improve my business ,,
    this lockdown make me so week financaially…
    i have my own business since last 5 years.. in karachi
    kindly guide me which bank you refer me.
    M.javed 0300-4264648
    Karachi .

  3. I want a business loan 6 millions to10 millions. for improve my business ,,
    this lockdown make me so week financaially…
    i have my own business since last 14 years.. in karachi
    kindly guide me which bank you refer me.
    Please Contact me: 03032666611

  4. Aoa! I want to business loan 6 millions to10 millions. for improving my business setup ,,
    this corona virus make me so week financaially.&
    i have my own business since last 14 years.. in karachi sindh.
    kindly guide me which bank you refer me.
    plz contact ,Imdad ali 0303-2666611..thanks

  5. Aoa . I want a business loan 1million for save my business please help me and guide me in Wich Bank suitable for me thanks
    Muhammad Azher saeed 03006013896

    • Sir muje apna kaam krne k liye loan ki zrorat hai muje 200000 ki zrorat hai maira itny se kaam chal jaye ga

  6. I want to business loan 5 to 10 millions far save my business week my financialy position please help and guidance

  7. I want a business loan 8 to 10 laks this lock down really damage
    My business so pls help me keep starting my business again

  8. i want 5 M MOB.03009230355

    I was doing job in UBL as BM and got 1.5 M home loan facility. After five years my remaining
    amount is 1.2 M. Then I have resigned from UBL and joined MCB in nov.2018.

    MCB shown his letter to adjust my home loan but after six month, not adjusted that,
    So I have resigned MCB in april 2019, MCB Local managment is very cheap and very bad. .Now I M jobless , Now I want to start my business and pay my loan. Please give me business loan or give me Speciall Relaxation UBL staff loan. They are calling me daily and want to go in court.My home market rate is 5 M, and I M defaulter of 1.2 M. Please give me one year time that I can sale it easily and pay to bank. Help me in that situation.

  9. Assalam o alikum , i want to loan for my busiines sport 5Million,
    my own construction company , plz sport me, and suggest how to apply Loan . my contact number is +92 304 4121701

  10. Asslamualikum , I want loan of 1 million .. this lockdown make me so week. I am much worried as i am young and can’t bear that my business not becoming so well due to covid 19

    Kindly, do the needful Thankyou.

  11. I wanna have loan because I want to start my own business I am doing job but iam not satify with my job so please give me for doing business

  12. i want a buissness loan 50 t0 80 lac .. for improve my buisness ,,
    this loakdown make me so weak financaially…
    i have my own buisness till 9 years.. My business is pin nuts in bannu kpk to islamabad karachi lahore.company name Adnan &co
    kindly guide me witch bank you refer me….
    Muhammad Adnan. cell 03005209993

    • Aslam o alakum
      Sir
      Meri milk shop Hy lockdown ke waja sy kafi nuqsan howa Hy mujhy 500000 Ka loan chahye takeh main apna karobar set kr sakoon
      Thank
      faiyaz
      03017300560

  13. Sir,I am jamshad iqbal from sargodha.and have electronics business.beacuse of covid 19 my shop closes last three months.i need loan amount 3500000 to 4500000.

  14. Respected , SBP

    I have to apply personal loan facility due to in law and order situation in Covid-19 i Need just 300K and I Can’t manage all situation on day by day my loans and bills are increases , i have many cash flow problem so please contact me and support me.
    Name : Shahzaib Zafar
    Cell # : 03452782175

  15. Aoa I want a business loan 30 to 35 laks for improve my bussines this lock down really damage
    My business so plz help me keep maintain Nadeem iqbal 03334857555

  16. Mujhe apne karobar ke lye 15 million ki zarorat he mujhe guaid Karen lown kese mile agr na Mila to humari 120 lebur berozgar ho Jaye gi JazzakAllah!!

  17. Aoa Sir l need a loan of 10million rupees for saving my buisness I will be very thankful to you for your guidance 03015531476

  18. Sir l need a loan of 1million rupees for saving my buisness I will be very thankful to you for your guidance 03175655520

  19. I wantt a buissness loan 5 t0 8 lac .. for improve my buisness ,,
    this loakdown make me so weak financaially…
    i have my own small buisness of mobile repairing till 9 years.. My business in hall road lahore. Shop name RIZWAN LINKS MOBILE REPAIRING LAB
    kindly guide me wIch bank you refer me….
    Rizwan siddiq 03144028077
    Please please guide me or help me

  20. i need loan 1 million my business is ditrb badly due to lockdown i was paid my workers salary now plese help us gov pk.

  21. Muhtram janab lock down ki Waja sy karobar khatam ho gaya hy jo pasy thy katam ho Gaye hy hamari koi madad nhi mile mahar bani kark mujhy bina sodh ka 5 lakhe ka Lon deya jae buht maharbani RABTA 03123515506 THANKU

  22. ASSLAM O ALIKUM. Sir main new busines start karna cahta koi mughy 20 lackh tk ka karza Dy sakta Hy bina sood k . Mera contact number 03076659780

  23. Sir lon apply Mera transport ka business hai bhot lose hogya hai lockdown ki waja se main is business ko barana chahta ho 1c.r ka loan chahye plz sir contact number 03463314817

  24. I Need To 2 Million For Start New Business & Want To Bright Feature Beacuse I have not financially Support

    Mobile No: 03123578100

  25. I need loan for my business please contact me 03215111060 i have beauty salon i have to open ladies gym thats why i need 1.5 million because of lock down parlor is not running well thats why i want to extend it. I have place to open gym and i also paid rent for this empty place in parlor. Thanks

  26. Assalam.o.alaikum sir/mam
    How are you my name is Qazi Usman from Lahore I need a money start a new business and plzzz help as please sir/mam

  27. Sir salam mujy 5lak loan chaiyi mera karyna sotare hi mi apiny karobar ko barna chata ho mera nam ayaz ullah hi mi zila swabi say ho yi mera mobile nomber hi. 03464500691

  28. Sir salam mujy 5lak ka loan chaiyi mera karyna sotare hi please help me mi apny karobar ko. Barna chata ho app mery madad kagijy yi mera nomber 03464500691 zila swabi

  29. Assalam O Alikum: I am Zulifqar Ahmad from District Bahawalnagar . I am owner of Garments shop and this lock down and overall crisis has really affected me . So I want to get loan of 8 lack to 10 lack. Kindly contact me:
    03346918527
    Thanks

  30. A .slam Mujhy karobar k liye 15 lack loan chaye.1 sal k liye ,magar jis par extra charges nahie .my content number 03445352497 ,03359820037

  31. Me apna karobar krna chahta ho plz sir muje 5lakh ka lone dedijye sir allah k siwa mera koi madad gar ni march se me bht preshan ho plz sir meri job b khtm ho gai he plz sir meri help kr d8jye plz plz plz 03212852818

LEAVE A REPLY

Please enter your comment!
Please enter your name here