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Swift Finance Facility
Swift Finance is an efficient, accessible and convenient way of meeting all your short-term liquidity needs without having to liquidate your long-term savings and investments you’ve set aside to meet your future financial goals |
Swift Finance Facilities offers:
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Financing up to 90% of your collateral amount. |
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Avail facilities at the most competitive rates in the market. |
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Markup charged only on the amount utilized and only for the number of days it is utilized. |
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Get your financing amount disbursed into your account in 7 working
days * |
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Apply for Swift Finance Now! |
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What instruments are accepted as Collaterals and how much financing can I get?
To avail the facility, we simply mark lien on your preferred collateral so you may avail a Swift Financing facility. |
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Rupee Term Deposits – Up to 90% financing |
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Foreign Currency Term Deposits – Up to 90% financing |
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Government Securities (SSC / DSC / RIC) – Up to 90% financing |
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Financial Guarantees – Up to 90% financing |
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Capital Protected Fund by JS ABAMCO Limited – Up to 70% financing |
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What are the advantages of Swift Financing?
Your Swift Finance Account works just like your regular rupee account. With Swift Finance, you get additional benefits of:
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Competitive Rates*:
We offer you the most competitive rates in the market. So you earn substantial returns on your investments and avail Swift Finance Facility to balance out your Cash needs.
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Great Limits: With your Swift Finance Facility, you get a chance to avail financing from 70% to 95% depending upon the type of instrument your wish to deposit as collateral.
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Flexible Markup Payment: You get a chance to choose the frequency of markup payment which suits your personal or business cash flow cycle. We offer quarterly and bi-annual markup payment frequencies to ease the impact on your cash flows.
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Easy Access to Cash:
With your Swift Account, you do not have to restrict yourself to make or withdraw cash from SCBPL Branches only. Now you can withdraw funds from any of our 119 ATM machines across Pakistan. You can also use your VISA Debit Card to make purchases directly from your Swift Finance Account. Now you don’t need to carry large cash as your VISA Card is accepted by more than 10 million merchants in more than 160 countries.
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Extended Tenor: These facilities are renewed on a yearly basis. So you can literally stretch your liquidity requirements for a whole year.
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VISA Shopping Card: Your VISA Shopping Card Plus (VSC+) allows you to make purchases at shopping outlets and withdraw cash at ATMs, with one single card.
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24 Hour Banking: Your business does’nt stop, neither do we. |
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Branch Banking: Standard Chartered has one of the largest network of online branches in all major cities in Pakistan. Our branch counters are open 9:00 am to 5:00 pm from Monday to Saturday. You can deposit and withdraw cash using our Cash Deposit / ATM machines 24 hours a day, 7 days a week. |
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Phone Banking: With our phone banking services, you can avail the following services directly from your Swift Account
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Balance Inquiry |
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Transactional Details |
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Pay Order / Demand Draft Request |
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Cheque Book Request |
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Lower markup rates and flexible repayment
Forget the fear of defaulting if you do not service your monthly payment. We offer you the facilities at the most competitive rates available in the market with the option of servicing markup quarterly or bi-annually (whichever suits your cash flow cycle).
Attached is the demonstration of how much you can save through Swift Finance. |
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Compared to
Credit Cards |
Compared to
Unsecured Credit |
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Markup rate |
34% |
24% |
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Markup based on PKR 100,000 loan |
30,000 |
24,000 |
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Markup based on PKR 100,000 Swift Financing against Term Deposit |
12,500 |
12,500** |
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Savings |
17,500 |
11,500 |
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| Through Swift Finance, you can save more than 50% on your annual markup. |
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Apply for Swift Finance Now!
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| For more information on Swift Financing Facilities, please visit your nearest Standard Chartered branch or call us on 111-002-002 |
