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OBPLC Imarot
An EMI (equated) based term loan for SME entrepreneurs to buy new or old house/flat/ space, to construct/extend of house/apartment/space and to renovate/alteration of existing house/fIat/space for commercial purpose.
 
Purpose:
To buy new or old house/flat/ space,
To construct/extend of house/apartment/space and
To renovate/alteration of existing house/fIat/space for commercial purpose.
 
Features:
Minimum BDT. 5.00 lac to Maximum BDT 500.00 lac or LTV ratio 70:30 or industry ceiling.
Tenor from 01 year to maximum 10 years.
No business experience is required. Business trade license is required.
Age limit minimum 21 to maximum 70 years.
 
Eligibility:
SME Entrepreneurs age limit: 21 to maximum 70 years (including tenure of the loan). Successor [Age: minimum 21 years] is mandatory for clients over age 60 and must be taken as guarantor)
Business trade license is mandatory.
Acceptable up to date CIB report
Business is required to generate sufficient cash flow and profit to ensure timely repayment of loan.
Minimum monthly income requirement BDT. 40,000.00. The business premises must be in the name of proprietor or his/her spouse/father/mother/son/daughter. In case of other than proprietor, owner must be taken as guarantor
All required approval and permission for this kind of facility to be submitted.