Irrigation/Agricultural Equipment Loan


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