Loan for Agro-based Industries

The loan product has been designed for Small & Medium Enterprises engaged in business of Rice Mill (semi-automatic, automatic), Flour Mill, Oil Mill, Feed Mill, Milk processing, Food and Fruit processing unit/ industry and other rural based Agro-processing industry as defined by Bangladesh Bank.

• Term loan, OD & Continuous Credit will be provided to the above sectors applicable for the project located other than all Divisional & Narayanganj Town.
• Interest rate as set by ALCO from time to time if refinance is not available from Bangladesh Bank.

Eligibility

• Business enterprise having minimum 2 (two) years business experience in existing business.
• Monthly cash flow to support proposed loan repayment
• Personal Net Worth must have to exceed the loan amount.

Nature of the Loan

• Term Loan/ Lease Finance / OD / CC/ Demand Loan.

Loan Limit

• Small: Upto Tk.50.00 lac (with collateral)
• Medium: Above Tk.50.00 lac to maximum Tk.5.00 crore (with collateral).

Loan Period

• Maximum 60 (sixty) months for Term Loan & Lease Finance.
• Maximum 12 (twelve) months for OD & CC.
• Maximum 04 (Four) months for Demand Loan.

Grace Period

• Maximum 6 (six) months for Term Loan.

Interest Rate

• @10% p.a. with quarterly rest for Term loan, OD & CC if refinance available from Bangladesh Bank (applicable for the project located other than all Divisional Town & Narayanganj Town) or
• Interest rate as set by bank from time to time if refinance is not available from Bangladesh Bank.

Repayment

• By equal monthly installments effective from completion of grace period in case of Term Loan & Lease Finance.
• OD, CC & Demand Loan to be adjusted within the validity.

*Conditions apply.