Refinance Scheme for COVID19

Refinance Scheme for Hospitals and Medical Centers

As medical centers and hospitals are grappling with the implications of the Covid-19 pandemic and the sheer volume of demand for supplies to treat the infected patients. The State Bank of Pakistan announces an emergency support for medical and healthcare facilities through its Refinancing scheme.

Scope & Eligibility Criteria

Long term finance facility for purchase of new imported and locally manufactured medical equipment to be used for combating COVID-19. All hospitals and medical centers registered with respective provincial/federal agencies/commissions engaged in controlling and eradication of COVID-19 will be eligible under the facility.

Salient features of the scheme are as follows:

Maximum financing limit

Rs.200 Million

(per Hospital/Medical Centre)

Tenor

5 years

including grace period of up to 6 months

Civil Work

Up to 60%

cost of civil works for setting up of isolation wards only

End User Rate

Maximum 3% per annum

(SBP rate of refinance will be 0%)

Repayment

Quarterly/ half-yearly

Validity of the facility

30th September, 2020

Email Us

info@bankalhabib.com

BAHL Helpline

(021) 111-014-014

Nearest Branch

Branch Locator

SBP’s Refinance Scheme for Payment of Wages & Salaries to the Workers and Employees of Business Concerns

Supporting businesses maintain steady employment and cashflow through the Refinance Scheme.

The COVID-19 pandemic has caused a great deal of uncertainty and disruption for the people, businesses and communities in Pakistan and across the world.

In response to the economic challenges faced by businesses who may be entering a period of financial uncertainty, Bank AL Habib Limited is offering additional support through State Bank of Pakistan’s Refinance scheme.

This scheme hopes to decrease layoffs by helping businesses sustain payments of wages and salaries to their workers and employees; consequently maintaining steady employment.

Scope and Eligibility

Available to finance wages and salaries of permanent, contractual, daily wagers as well as outsourced employees of existing and new borrowers of banks and DFIs.
Government Entities, Public Sector Enterprises, Autonomous Bodies and Financial Institutions (including banks, DFIs, Non-banking finance companies, insurance and takaful companies, securities depository companies and trustees, securities brokers, clearing houses and stock and commodity exchanges are NOT eligible to borrow under this Scheme.
The borrowers availing this facility will provide an undertaking in writing to not lay off their workers/employees at least during three months from the date of first disbursement.
Preference will be given to the businesses that are at a disadvantage and directly impacted by the Corona virus and/or those that are labor intensive.
The scheme will be availed by a borrower only from one PFI. In case a borrower has multiple relationships with banks/DFIs, the borrower will submit its request to the bank that is managing its payroll.
The PFIs will not charge any loan processing fee, credit limit fee or prepayment penalties for loans under this Scheme.

Salient features of the scheme are as follows:

Category	Wage Bill for 3 Months	Loan Limit	Maximum Loan Limit
A	Less than or equal to Rs. 200 million	100% of actual 3 months wage bill	Rs. 200 million
B	More than Rs. 200 million an less than or equal to Rs. 500 million	Rs. 200 million or 75% of actual 3 months wage bill, whichever is higher	Rs. 375 million
C	More than Rs. 500 million	Rs. 375 million or 50% of actual 3 months wage bill, whichever is higher	Rs. 500 million

End User Rate

Maximum 5%

(per annum (p.a.))

Loan Repayment

The repayment of loan (principal amount) by the borrower will start from January 2021 after disbursement period of three months followed by maximum grace period of 06 months.