| 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. |
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| Purpose: |
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To buy new or old house/flat/ space, |
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To construct/extend of house/apartment/space and |
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To renovate/alteration of existing house/fIat/space for commercial purpose. |
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| Features: |
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Minimum BDT. 5.00 lac to Maximum BDT 500.00 lac or LTV ratio 70:30 or industry ceiling. |
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Tenor from 01 year to maximum 10 years. |
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No business experience is required. Business trade license is required. |
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Age limit minimum 21 to maximum 70 years. |
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| Eligibility: |
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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) |
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Business trade license is mandatory. |
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Acceptable up to date CIB report |
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Business is required to generate sufficient cash flow and profit to ensure timely repayment of loan. |
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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 |
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All required approval and permission for this kind of facility to be submitted. |
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