SBP’s LTFF: Re-fixation of Rates of Service ChargesJuly 7, 2014
Karachi: State Bank of Pakistan has decided that mark-up rates for end users under Long Term Financing Facility (LTFF) shall be 9.00% for a maximum period of financing up-to 10 years, with effect from July 01, 2014, according to the IH&SMEFD Circular No. 06 of 2014 issued to all Banks/DFIs.
However, spread of Participating Financial Institutions (PFIs) shall remain the same viz. 1.50%, 2.50% & 3.00% for financing up-to 3 years, 5 years & 10 years respectively without changing maximum rate for end users (viz 9.00%). SBP’s refinance rates will be adjusted accordingly for each term of financing. Other instructions on the subject shall remain unchanged.
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