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SBP launches scheme allowing Pak SMEs to get loans without collateral

SBP launches scheme allowing Pak SMEs to get loans without collateral

18 August 2021
| By Invoice Bazaar

To enable small business owners in the country to easily access finances, the State Bank of Pakistan (SBP) has unveiled a scheme under which SMEs can get loans without offering any security or collateral. This scheme brand named ‘SME Asaan Finance (SAAF)’ has been launched in collaboration with the Pakistan government. It would prove immensely useful to SMEs that cannot offer any security or collateral to access bank finance. Under SAAF, selected banks in Pakistan will get refinance from SBP at 1 percent per annum, and these banks can extend loans to SMEs at end-user rate of 9 percent.

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SBP launches scheme allowing Pak SMEs to get loans without collateral

Related Articles

The transaction banking revolution has only just begun

Global Trade Finance Gap Expands to $2.5 Trillion in 2022

How blockchain-based facilities can close the $2tn global trade finance gap

The Impact of COVID-19 on Trade Finance: A Retrospective Analysis

Innovating Trade Finance for MSMEs

The Future of FinTech: The Technological Revolution in Trade Finance

The Rising Influence of Non-Bank Financial Institutions in today’s market

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Trade finance volumes robust as growth slows

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Trade finance must digitalize to combat fraud

The world’s trading system needs to ditch its paper trail

A new paradigm for global trade

Digital Supply Chain Finance is the future for global economic development & recovery

CRR hit to trade-finance banks should be avoided

Are the current Indian policies with regard to export financing sufficient to beat inflation?

Triterras wins the Singapore SME 500 Award 2023

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