Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 SMEFD Circular No. 14 of 2010
September 30, 2010 

The Presidents/ CEOs,
All Banks/DFIs.

Dear Sirs /Madam,

Long Term Financing Facility (LTFF) -
Re-fixation of Rates of Service Charges

        Please refer to SMEFD Circular No.06 dated March 31, 2010 on the captioned subject.

2. It has been decided that effective October 1, 2010 the rates of service charges for Participating Financial Institutions (PFIs) and rates for end users under the captioned Scheme shall be as under: -

Period of financing
Rate of Refinance
PFIs’ Spread
End User’s Rate
 Up-to 3 years
9.50%
1.50%
11.00%
 Over 3 years and upto 5 years
8.60%
2.50%
11.10%
 Over 5 years and upto 10 years
8.20%
3.00%
11.20%

3. Other instructions on the subject shall remain unchanged.




Yours faithfully,


(Mansoor H. Siddiqui)
Director



       
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