Details
Swift Finance is an efficient, accessible and convenient way of meeting all your short-term liquidity needs. With this, you don't have to liquidate your long-term savings and investments set aside to meet your future financial goals.
An efficient, accessible and convenient way of meeting all your short-term liquidity needs.
Apply Now
Swift Finance
Swift Finance is an efficient, accessible and convenient way of meeting all your short-term liquidity needs.
Special Features
Take advantage of the salient features available with Swift Finance:
- Financing up to 85% of your collateral amount
- Avail facilities at the most competitive rates in the market
- Markup charged only on the amount utilised and only for the number of days it is utilised
- Get your financing amount disbursed into your account in 7 working days*
Additional Features
Collaterals
To avail the facility, we simply mark lien on your preferred collateral so you may avail a Swift Financing facility. The collaterals against which you can avail financing are mentioned below:
- Rupee Term Deposits – Up to 85% financing
- Foreign Currency Term Deposits – Up to 85% financing
- Government Securities (SSC / DSC / RIC) – Up to 85% financing
- Financial Guarantees – Up to 85% financing
- Certificates of Investment issued by Standard Chartered Leasing Limited – Up to 85% financing
- Certificates of Musharka issued by Standard Chartered Mudarba – Up to 85% financing
- Term Finance Certificates (Engro Rupiya) issued by Engro Corporation Limited – Up to 65% financing
- KASB Capital Protected Gold Fund – Up to 65% financing
The approval of facility is subject to terms and conditions and discretion of the Bank's management.
Illustration
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.
| Compared to Credit Cards | Compared to Unsecured Credit | |
|---|---|---|
| Markup rate | 34% | 24% |
| Markup based on PKR 100,000 loan | 30,000 | 24,000 |
| Markup based on PKR 100,000 Swift Financing against Term Deposit | 12,500 | 12,500 ** |
| Savings | 17,500 | 11,500 |
Through Swift Finance, you can save more than 50% on your annual markup.
* All pricing is based on KIBOR
** markup rates are for demonstration purpose only
Call Us
Call our hotline for further information.
111 002 002
Contact Me
Alternatively, please complete our contact form and we will be in touch as soon as possible.
You might also be interested in
Personal Loan
With exciting schemes, easy repayment options and competitive interest rates, Standard Chartered Personal Loan is a hassle free experience to fulfil your needs.
More details »Revolving Credit
With Standard Chartered's Revolving Credit facility, you can have a credit line that gives you freedom, flexibility and empowerment.
More details »Speaking Up
Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.
Disclaimer
Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.