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:
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/-
- 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
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.
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