Managing finances is the most crucial component of any business and timely access to funds at competitive rates is the prime business consideration.
Silkbank`s M’Power is a running finance facility which is structured according to your preferences and provides the best solution to meet your financing needs. It helps you to leverage every business opportunity that comes your way and gives you greater freedom to focus on every important aspect of your business’s growth.
Features & Benefits:
- Credit facility of up to Rs. 15 Million
- Mark-up rate linked to KIBOR
- Mark-up payable for only the amount utilized
- Free Inter Branch Transactions
Review the details to see what we have for you and be pleasantly surprised!
Immediate line of credit of up to Rs. 15 Million
With M’Power, you can now get a one year line of credit, which is renewable, ranging from Rs. 1 Million to Rs. 15 Million. We offer loan amount upto 70% of property value. With this product, Silkbank is here to serve as a reliable business partner providing finance in the hour of need and helping you take care of other important matters without worrying about funds.
Competitive Mark-Up Rates
Silkbank’s M’Power provides you the most affordable rates in the market. So now invest a high amount in your business with complete peace of mind. Be at ease as you only have to pay only mark-up on monthly basis. The mark-up rate is linked to 3 months KIBOR.
Free Inter-branch Transactions
Silkbank offers you the convenience of accessing your account from anywhere in Pakistan through our real-time online network in 32 cities, at no charge. You can operate your account in any way you like. Be it withdrawals, online transfer or getting account statements, you can do it from anywhere without spending a cent.
Pay for only as much as you use
Now you don’t need to pay mark-up on the entire credit line that has been extended to you. With M’Power Facility, you only have to pay a mark-up on the utilized amount on daily product basis.
Serving you 24/365
In case you have any queries, or need some account-related information, you can call our toll-free line at 021-111-100-333 at any time. Our Phone Banking Officers will be pleased to assist you. You can also visit your nearest Silkbank branch for assistance.
To avail the M’Power facility you should
- Be a Pakistani National;
- Self-employed professionals & businessmen in going concerns over 5 years
- Be in business for at least the last 5 years
- Be between 25 to 65 years of age
- Be having residential or commercial property or land for mortgage
For more information regarding M’Power, visit your nearest Silkbank Branch or call 021-111-100-333 where our Phone Banking Officers are ready to assist you round the clock.