PBL Subarna

Product Objective/Purpose

To meet up working capital requirement.

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. 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