Swift Finance

Standard Chartered offers you Swift Finance facility which allows you to meet your short term financial requirements, without liquidating your long term investments.


Swift Finance is a running finance facility. It is an efficient, accessible and convenient way of meeting all your short-term liquidity needs. With Swift Finance, you don’t have to liquidate your long-term savings and investments that you have set aside to meet your future financial goals.

The mark-up rate charged has both a fixed and a variable component. KIBOR serves as the variable benchmark rate, above which a pre-decided fixed spread is also charged. For example: a customer with a spread of 2% will have mark-up rate of [10% (3MKIBOR) + 2% (Spread)] = 12%. Interest shall be charged on the daily outstanding amount and payable every quarter.

Yes, there are processing charges of PKR 5,000 and stamp duty on legal documents at actual. These are deducted from the account automatically once limits are placed.

Mark-Up is accrued on daily basis and is payable quarterly.

The following securities can be pledged at present to avail this facility:

*Local/Foreign Currency Term Deposit
*Local/ Foreign Currency Savings Account

Loan limit shall not exceed 90% of the encashment value of the security offered.

Limits can be cancelled / enhanced / reduced at any time subject to completion of requirements.

Risks may include Interest Rate Risk and Mark to Market Risk.


The contents of this webpage are for general information only and does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration. The approval of facility is subject to terms and conditions & discretion of the Bank’s management. Mark-up rates may vary based on prevailing KIBOR and spread. Getting your financing amount disbursed into your account in 7 working days is subject to submission of complete documentation and necessary approvals.

It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you. Call our Client Centre at 021 111 002 002 for any further questions or service queries.

This information attributable to Standard Chartered Bank (Pakistan) Limited having its registered office at PO Box 5556, I.I Chundrigar Road Karachi, which is a banking company registered with State Bank of Pakistan under Banking Companies Ordinance 1962 and is also having licensed issued by Securities & Exchange Commission of Pakistan for Securities Advisor. Standard Chartered Bank (Pakistan) Limited acts as a distributor of mutual funds and other third-party financial products.


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Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

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