BOP SME Asaan Finance Scheme (SAAF)
BOP offers SME Asaan Finance Scheme (SAAF) with the aim to address Access to Finance challenges of Small and Medium Enterprises (SMEs).
Attractions
Collateral Free Loan
Low Mark-up Rate of 9% p.a
Quick processing
Financing solutions
Financing upto Rs. 10 M
| Salient Features |
| Eligibility Criteria |
All SMEs (new businesses as well as operative businesses) that are new borrowers of the participating banks are eligible. |
| Age Requirement |
Minimum age 21 Years at the time of loan application
Maximum age 65 Years at the time of maturity of loan
|
| Loan Size |
Minimum PKR 0.1 M
Maximum PKR 10 million
|
| Pricing |
9 percent per annum (p.a.). |
| Security Requirement |
Clean Financing.
These are collateral free loans however, Personal Guarantee of the borrower along with Net worth statement is required.
|
| Loan Type |
Long and Short Term loans for
o CAPEX
o Working Capital
Lease Finance
o Plant and Machinery
o Equipment
o Commercial Vehicle |
| Loan Tenor &
Grace Period
|
Long Term: up to 5 years (including a grace period of up to 6 months)
Short Term Loan: up to 1 year
Lease Finance Facility : for 1 to 5 years
|
| Debt to Equity Ratio |
Loans for Fixed Investment / CAPEX: 20%
Loans for Working Capital: Nil
For Commercial Vehicles: o Up to 6 Wheelers: Min. 20% LKM
o More than 6 Wheelers: Min 30% LKM |
| Business Sector |
All SMEs including start-ups from any sector. |