Loan for Light Engineering
Specially designed for potential customers who are involved in light engineering business.Any proprietorship concern, partnership or private limited company engaged in manufacturing of Light Engineering products with 2(two) years of successful business operation in urban/rural area and who has the means and capacity to repay bank loan is eligible for this loan.
Features:
- Purpose: To meet up working capital requirement and to acquire fixed assets to set up business units/industries/ expansion of existing business – repair & renovation, new outlet, building additional stocks.
- Facility Type: OD, Time Loan, Term Loan. L/C may be opened to import capital machineries for installation in the same business.
- Loan Tenor: Maximum 12 Months for Working Capital facility and Maximum 60 Months for Fixed asset purchase or expansion of business
- Loan Amount: BDT 1.00 Lac to BDT. 500.00
- Interest Rate: As advised by Head Office from time to time.
- Security/ Collateral:
- Hypothecation of Stock, Receivable, Machineries, etc.
- Collateral Free- up to BDT 05.00 Lac.
- Personal & Spouse Guarantee.
- 3rd Party Guarantee.
- Post/Undated cheque.
- Insurance Coverage (if required)
- Proprietorship/ Partnership/ PVT LTD Co.
- Minimum 2 (Two)-year of successful business operation of present business.
- Age Limit: Minimum - 20 years, Maximum - 60 Years.
- Valid & Updated Trade License/ Partnership Deed/ Certificate of Incorporation/ MOA.
- National ID/Smart Card
- TIN/VAT Certificate
- Bank Statement
- Company Seal
- Photograph
- Updated CIB
- Any other Documents (If required).