KARACHI, July 1: The State Bank has revised the rates of service charges for banks and Development Finance Institutions (DFIs) and rates for end-users under the Long Term Financing Facility (LTFF) scheme and the scheme for Financing Power Plants using Renewable energy with effect from July 1, 2011.

The rates of refinance under LTFF scheme will be 11 per cent for financing up to 3 years, 10.1 per cent for over 3 years and up-to 5 years and 9.7 per cent for over 5 years and up to 10 years.

Participating Financial Institutions' (PFIs) spread for these tenors will be 1.5 per cent, 2.5 per cent and 3 per cent, respectively. Hence, the end users' rate for these tenors will be 12.5 per cent, 12.6 per cent and 12.7 per cent, respectively.

Similarly, the rates of service charges under the scheme for financing power plants using renewable energy have been re-fixed at 10.1 per cent for financing up to 5 years and 9.7 per cent for over 5 years and up to 10 years.

Banks and DFIs will be allowed to charge 2.5 per cent and 3 per cent spread, respectively, for these tenors. The end users' rate for these tenors will be 12.6 per cent and 12.7 per cent, respectively.