| Product Description |
| 1 |
Purpose of the Loan |
To support Professionals small scale purchase of different equipment, tools and machineries |
| 2 |
Nature of Loan |
Term |
| 3 |
Tenure of the Loan |
1 to 4 years |
| 4 |
Eligibility
(Only for professionals- Management consultant, Doctor, Engineer, etc.)
|
Monthly surplus income shall be at least two times of the installment amount.
33% of monthly net income should be equal or higher than the installment.
Age 25-65 years, Bangladeshi.
|
| 5 |
Limit |
Tk.50,000-to-Tk.5,00,000.00 |
| 6 |
Documents/Securities |
Employer/Authority’s, personal, Spouse guarantee, hypothecation, Post dated cheque, Others. |
| 7 |
Debt Equity Ratio |
Up to 80:20 |
| 8 |
Down payment |
Minimum 20% |
| 9 |
Rate of Interest |
Minimum 14% (flexible) |
| 10 |
Mode of repayment |
Monthly equal installment |
| 11 |
Implication of Interest |
Quarterly compound on the rest amount |
| 12 |
Processing fee |
@1% on sanctioned amount, or minimum Tk.1,000.00 at the time of disbursement. |
| 13 |
Disbursement |
Payment to be made by issuing PO in favor of vendor after deposit down-payment by the Customer. |
