Question:

Is mark-up rate fixed by State bank of Pakistan on agricultural loans?

by Guest6730  |  12 years, 10 month(s) ago

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Our farming community is generally unaware of different agricultural loan schemes. My question is mark-up rate fixed by State bank of Pakistan on agricultural loans?

 Tags: agricultural, bank, FIXED, Loans, Markup, Pakistan, Rate

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1 ANSWERS

  1. Guest2435
    State bank of Pakistan does not fix any maximum/minimum mark-up rate to be charged on agricultural loans. Banks’ mark-up is based on their cost structure and risk profile of the borrowers and the sector. However, for benchmarking, Karachi inter- bank Offered Rate (KIBOR) is used by banks for the purpose.

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