PUBALI BANK LIMITED

Irrigation/Agricultural Equipment Loan

Objective:

To purchase of irrigation equipment i.e. Shallow Tube Well, Low Lift Pump, Deep Tube Well etc. and agricultural equipment i.e. Tractor, Power Tiller etc. to increase agricultural production.

Features and Benefits:

  • Loan Size:
    • Up to Tk. 2.00 Lac under Special Agri Credit Program and for above
    • Tk. 2.00 Lac to Tk. 5.00 Lac under SME
  • Repayment Method: Monthly Installment
  • Loan Tenor: Maximum 36 Months (Max. 3 Months Grace Period)
  • Easy and Fast Processing
  • Collateral Security is not mandatory up to Tk. 50,000/-
  • Eligibility & Requirements

  • Borrower should be permanent resident of the area where loan will be disbursed.
  • The applicant should be owner of at least 0.5 acre of land and genuine farmer (minimum 3 yrs. experience as farmer).
  • Age Limit: Minimum 21 years & Maximum 55 years
  • Satisfactory Credit Report
  • Sets of documents based on requirements.
  • Security

  • Hypothecation of Irrigation/agricultural equipment.
  • Post dated cheques covering all installments and final payment
  • Personal Guarantees (Borrower & Guarantor)
  • Collateral Security is required if the loan limit is above Tk. 50,000/-
  • Interest Rates and Fees

  • Attractive Interest Rate
  • No hidden cost