Overview

• This product is aimed to provide loan in cottage & manufacturing based activities.

Features

• Loan amount: Loan maximum BDT 10 lac.
• Loan Tenor: For term loan Maximum 48 months (installment monthly/ quarterly).
• Loan Tenor: For continuous loan as for Bank Rules.
• Interest Rates: 9.00% (Variable).
• Security: Personal guarantee and third party guarantee as acceptable to the bank of a well-to-do person against loan up to BDT 0.50 lac.
• Security: Auxiliary collateral real state (1:1) needed in case of loan more than BDT 0.50 lac

Customer Segments

• Root Level Citizens in Bangladesh will be able to avail this loan facility from a privately owned or partnership organization.

Charges and Fees

• Loan application fees: BDT 200.
• Documentation Fees, CIB Charge, Stamp charges And Legal and Valuation Fees are recoverable at actual amount.
• Early Settlement Fees: Not needed.