Refinancing Facility For Combating COVID -19 (RFCC)

AKBL, under the directives of SBP, to combat the impact of COVID-19, AKBL, under SBP refinance facility, is providing a time bound emergency support for hospitals & medical centers by providing refinance facility to develop capacity for treatment of infected patients of COVID 19.

Scope & Eligibility Criteria

Long term finance facility for purchase of new imported and locally manufactured medical equipment to be used for combating COVID-19. All hospitals and medical centers registered with respective provincial/federal agencies/commissions engaged in controlling and eradication of COVID-19 will be eligible under the facility.

Maximum financing limit

Rs.500 Million (per Hospital/Medical Centre)


5 years including grace period of up to 6 months

Civil Work

Up to 100% cost of civil works for setting up of isolation wards only

End User Rate

Maximum 3% p.a


Quarterly/ half-yearly

Validity of the facility

30th September, 2020

Security / Risk coverage
For eligible Borrowers as per agreed arrangement with bank

Terms & Conditions

Approval of loan will be subject to bank’s internal credit criteria
This scheme is being launched in accordance to following SBP Circulars:

  • SBP IH&SMEFD Circular No. 03&04of 2020
  • SBP IH&SMEFD Circular Letter No. 06 &08 of 2020