SME Business Banking

BoK SAAF – SME Asaan Finance

Part of PakFinHub's BOK coverage — see the full bank overview.

Up to Rs 10 Million
Collateral-Free
9% Fixed Markup

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University)

BoK SAAF (SME Asaan Finance) is Bank of Khyber's collateral-free term loan and running finance product for small and medium enterprises, financing up to Rs 10 million against personal guarantees rather than property or fixed assets. This page covers the tiers, markup rate, eligibility, and what disqualifies an applicant.

BoK SAAF at a Glance

Loan Type: Term loan & running finance
Financing Limit: Up to Rs 10 million
Markup: 9% per annum (fixed)
Security: Personal guarantees

Confirmed from BOK's official BoK SAAF – SME Asaan Finance page (bok.com.pk). Last verified: August 2026.

Financing Tiers

Tier	Loan Size
Tier I	Up to Rs 4 million
Tier II	Above Rs 4 million, up to Rs 7 million
Tier III	Above Rs 7 million, up to Rs 10 million

All SME sectors can apply, including services, trading, manufacturing, and agriculture — start-ups are also entertained, not just established businesses. Security is limited to personal guarantees of the borrowers, except for commercial vehicle financing, which requires HPA (hire-purchase agreement) or joint registration of the vehicle instead.

Eligibility & Disqualifications

Category	Requirement
Eligible	SMEs with a verifiable, viable, and feasible business plan; start-ups accepted
Ineligible — existing exposure	Existing BOK borrowers, or a SAAF client of any other bank
Ineligible — employment	Employees of any government, semi-government, or autonomous body
Ineligible — credit history	Loan defaulters, applicants with overdue exposure past 60 days on more than one occasion, or without a clean e-CIB
Ineligible — sector	Businesses on the Government of Pakistan's negative list

Processing Fee

Per BOK's Schedule of Bank Charges (Conventional Branches, July–December 2026), processing fees for SAAF-scaled financing under the SME conventional financing tiers run from Rs 3,000 (up to Rs 4 million) to Rs 8,000 (Rs 7–10 million), plus FED where applicable. Confirm the exact fee for your requested facility amount with a BOK business banking officer before applying.

Facility Amount	Processing Fee
Up to Rs 4 million	Rs 3,000
Rs 4 million to Rs 7 million	Rs 6,000
Rs 7 million to Rs 10 million	Rs 8,000

Source: Bank of Khyber Schedule of Bank Charges, Conventional Branches, July–December 2026 (SME SAAF Scheme, conventional financing facilities). Charges may change with BOK's next schedule update. Last verified: August 2026.

Repayment

SAAF loans are repaid in installments as mutually agreed between the borrower and BOK at the time of sanction — there's no fixed standard tenure published, since it varies with the loan tier and the business's cash flow cycle. Discuss your specific repayment schedule with your relationship officer before signing.

Frequently Asked Questions

What is BoK SAAF?

BoK SAAF (SME Asaan Finance) is Bank of Khyber's collateral-free term loan and running finance product for small and medium enterprises, financing up to Rs 10 million at a fixed 9% per annum markup.

Is BoK SAAF collateral-free?

Yes, loans are secured against personal guarantees of the borrowers rather than collateral, except for commercial vehicle financing, which uses HPA/joint registration.

Can a start-up apply for BoK SAAF?

Yes. BOK explicitly states start-ups are entertained under this scheme, provided the business plan is verifiable, viable, and feasible.

Is BoK SAAF only for one sector?

No. All SME sectors qualify, including services, trading, manufacturing, and agriculture.

Does an existing BOK borrower qualify for SAAF?

No. Existing BOK borrowers, and anyone already a SAAF client at another bank, are explicitly excluded from this scheme.

A clean e-CIB record matters more for SAAF than for most consumer loans, since the scheme is collateral-free — BOK is relying more heavily on your credit history and business plan than on an asset it can seize if the loan defaults. Pull your own e-CIB report before applying if you're unsure of your standing.

Good For

Small and medium businesses needing collateral-free financing
Understanding BoK SAAF's three financing tiers
Checking eligibility before a wasted branch visit
Comparing SAAF against other BOK SME schemes

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