Bank Alfalah offers relief under SME financing through deferring repayment of principal loan amount by one year upon a written request of an obligor received before 30th June 2020, provided that the obligor will continue to service the mark-up amount as per agreed terms & conditions.
The financing facilities of such obligors, which are unable to service the mark-up amount or need deferment exceeding one year, may be rescheduled / restructured upon their request.
In order to broaden the scope of our earlier relaxations, Bank Alfalah offers deferment of only principal amount for one year or rescheduling/restructuring of the loans relaxation for following SBP refinance schemes along with their respective Shariah compliant alternative schemes:
- Long Term Financing Facility (LTFF)
- Financing Facility for Storage of Agricultural Produce (FFSAP)
- Refinance Facility for Modernization of SMEs
- Refinance and Credit Guarantee Scheme for Women Entrepreneurs
- Refinance Scheme for Working Capital Financing of SE and Low-End ME
- Small Enterprise (SE) Financing and Credit Guarantee Scheme for Special Persons
Validity of the facility: 30th June,2020
For Quick Access, Contact Us:
Email: sme.helpdesk@bankalfalah.com / smesupport.covid19@bankalfalah.com
Call: +92 300 432 4007/ 111 225 111
