Islamic Temporary Economic Refinance Facility (ITERF)

Bank Alfalah offers the State Bank of Pakistan’s Islamic Temporary Economic Refinance Facility (ITERF) to support sustainable economic growth especially in the backdrop of challenges being faced by the industry in post-pandemic scenario. Businesses can avail long term finance facility for purchase of new imported and locally manufactured plant & machinery for setting of new projects.

• Maximum Financing Limit: PKR 5 billion per project
• Tenor: Financing is available for a maximum of 10 years including grace period of up to 2 years
• Profit rate: Maximum 5% per annum
• Installment Repayment: Quarterly/Half-yearly basis
• Validity of this facility: LCs/ILCs established prior to issuance of the scheme but retired/to be retired after 31st March, 2021 will also be eligible for refinance.

For Quick Access, Contact Us:
Email: smeibg.helpdesk@bankalfalah.com
Call: 111 225 111