Empower your business with Silkbank's tailored SME solutions, designed to fuel growth and innovation. Unlock opportunities and navigate challenges with confidence, backed by our dedicated support and expertise.
Managing finances is the most crucial component of any business and timely access to funds at competitive rates is the prime business consideration.
Silkbank`s M’Power is a running finance facility which is structured according to your preferences and provides the best solution to meet your financing needs. It helps you to leverage every business opportunity that comes your way and gives you greater freedom to focus on every important aspect of your business’s growth.
Features and benefits:
Credit facility of up to Rs. 15 Million
Mark-up rate linked to KIBOR
Mark-up payable for only the amount utilized
Free Inter Branch Transactions
Immediate line of credit of up to Rs. 15 Million
With M’Power, you can now get a one year line of credit, which is renewable, ranging from Rs. 1 Million to Rs. 15 Million. We offer loan amount upto 70% of property value. With this product, Silkbank is here to serve as a reliable business partner providing finance in the hour of need and helping you take care of other important matters without worrying about funds.
Competitive Mark-Up Rates
Silkbank’s M’Power provides you the most affordable rates in the market. So now invest a high amount in your business with complete peace of mind. Be at ease as you only have to pay only mark-up on monthly basis. The mark-up rate is linked to 3 months KIBOR.
Free Inter-branch Transactions
Silkbank offers you the convenience of accessing your account from anywhere in Pakistan through our real-time online network in 32 cities, at no charge. You can operate your account in any way you like. Be it withdrawals, online transfer or getting account statements, you can do it from anywhere without spending a cent.
Pay for only as much as you use
Now you don’t need to pay mark-up on the entire credit line that has been extended to you. With M’Power Facility, you only have to pay a mark-up on the utilized amount on daily product basis.
Serving you 24/365
In case you have any queries, or need some account-related information, you can call our toll-free line at 021-111-100-333 at any time. Our Phone Banking Officers will be pleased to assist you. You can also visit your nearest Silkbank branch for assistance.
Eligibility
To avail the M’Power facility you should
Apply Now
For more information regarding M’Power, visit your nearest Silkbank Branch or call 021-111-100-333 where our Phone Banking Officers are ready to assist you round the clock.
SME Cash Ease (Local Bill Discounting Program) is a liquidity solution for SME level businesses to maintain a profitable working relationship with their client companies. Cash Ease offers a bill discounting facility for the suppliers/vendors of large local concerns.
Many times, SME businesses are hard-pressed for operating capital as their supplies are subjected to agreed credit periods with their client companies, for the realization of payment. This pressure is absorbed by the supplier/vendor as part of the cost of goods delivered.
Salient Features:
Avail a loan up to Rs. 25 million for one year, renewable at expiry.
No collateral required. Invoices discounted serve as security along with Personal Guarantee(s) of Proprietor, Partners & Directors.
Loan amount is up to 90% of the invoices value generated through supplies.
The facility is renewed annually.
Pricing is KIBOR-based and negotiable as per business volume/turnovers.
Rates and Charges:
| Processing Fee (Upfront with LAF) | As per SOC (non-refundable) |
|---|---|
| Documents/Legal Charges | Actual cost of revenue and special adhesive stamps |
Required Documents:
Silkbank’s SME Banking Group offers banking facilities for individuals and companies which are categorized by the State Bank as SMEs. Our SME business units are located in Karachi, Lahore, Multan, Faisalabad, Sialkot, Gujranwala, Islamabad, Rawalpindi and Peshawar. Each unit is dedicated to service business clusters located within these cities as well as the regions nearby.
We provide the following facilities:
Rates and Charges:
| Processing Fee (Upfront with LAF) | As per SOC (non-refundable) |
|---|---|
| Documents charges | Actual cost of revenue and special adhesive stamps |
| Legal charges | Actual & approved charges of lawyers on the Bank’s approved panel |
Required Documents:
Since Pakistan is an agricultural country, the importance of financial needs of farmers/growers cannot be ignored. SME-Agri is specifically designed for agri-based customers as it enables them to meet their requirements such as procurement of seeds, fertilizers, pesticides and equipment etc. for their regular crops. SME-Agri also accommodates cash flow requirements of Agri Fertilizer dealers. Moreover, fisheries segment has also been accommodated in order to meet the requirements of fish seeds & feed, manure charges, expansion and rehabilitation of ponds and cold storage etc.
Salient Features:
Rates and Charges:
| Processing Fee (Upfront with LAF) | As per SOC (non-refundable) |
|---|---|
| Documents charges | Actual cost of revenue and special adhesive stamps |
| Legal charges | Actual & approved charges of lawyers on the Bank’s approved panel |
Required Documents: