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An innovative initiative to improve access to finance for Small and Medium Enterprises (SMEs)
HBL Asaan Finance provides an opportunity to SMEs to avail financing for their business without the need of any collateral. SMEs can now avail financing up to PKR 10 Million for their working capital requirements.
*Financing facilities are approved at bank’s discretion.
RF: Monthly
Running Finance- Revolving facility with annual renewal
Limit Range (PKR) | Mark-up Rate per Annum |
---|---|
Less than 3 million | 32% |
Equal to and greater than 3 million | 29% |
Application processing fee: PKR 10,000/- or 1%, whichever is higher
Annual Renewal and Review Charges: PKR 5,000/- or 0.5%, whichever is higher
This is to inform you that the State Bank of Pakistan (SBP) will include two years’ history of negative / overdue information (including but not limited to overdue payments, late payments, write-off or reversal of mark-up etc.) in e-CIB. You are, therefore, advised to ensure timely payment of your instalment/markup to avoid any adverse information being reported or reflected on your e-CIB.