SME Financing

PBL Karma Uddog

Product Objective/Purpose

  • To meet up short term fund requirement of SME's and SME's run by women entrepreneurs
  • Eligibility

  • 2 (two) years experience in the line of business.
  • Business must be a going -concern with more than 1 (one) year in operation.
  • Age Limit

  • Minimum 18-years
  • Loan Ceiling

  • Tk. 2.00-lac to Tk. 10.00-lac
  • Financing Range

  • 60%-70% of inventory and receivable
  • Tenor

  • From 12 months to 36 months.
  • Rate of Interest

  • @9.00% P.A. for woman entrepreneurs subject to change at Bank's discretion.
  • Security

    Primary Security

  • Post dated cheques.
  • Charge on current assets (receivables, Stock etc.).
  • Personal guarantee of Proprietor, Partners, Directors, Spouse.
  • Hypothecation of machinery, equipments etc.
  • Personal guarantee of 1 (one) person acceptable to Bank.
  • Collateral (Not mandatory upto Tk. 10.00-lac)

  • Mortgage (in case of ownership)/assignment of possession right of shop, show-room etc.
  • Documents

  • Request letter of the applicant.
  • Consent letter.
  • KYC profile with NID.
  • Photograph of Borrower, Guarantor, Business site.
  • Financial and Personal net-worth.
  • Branch Manager's & Regional Manager's visit report.
  • Repayment

  • Repayment of the loan will be started after 1/2/3 months of disbursement by equal monthly installment.
  • Sanction Authority

  • Regional Manager.
  • Processing Fee

  • Tk. 500.00 for limit below Tk.6.00-lac.
  • Tk. 1000.00 for limit of Tk. 6.00-lac to 10.00-lac.
  • Penal Interest

  • @0.25% on the defaulted amount to be charged per month but aggregate of penal interest must not exceed @3% P.A. at any point of time.

  • For any query please Contact at: Tel: (PABX) 02223381614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com