This product is specially designed for retired other rank army personnel.
Features
This product is specially designed for retired other rank army personnel.
- Any Business Purpose Loan from Tk. 2.00 lac to 20.00 lac to purchase Machinery & Equipment or to meet up Working Capital requirement.
- No Mortgage or Equitable Mortgage for loans up to Tk. 5 lac.
- Interest rate 15% (case to case basis).
- Processing fee 1% to 1.50%.
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Tenor of Loan
For working capital maximum 01 year and for fixed assets purchase maximum 03 years. - Repayment of Loan by Equal Monthly Installment (EMI) or from sales proceeds
1. Net Worth:
- 3rd party Guarantor's Net Worth must not be less than the proposed Loan amount / Loan limit.
2.
- In cases where the Borrower is a Limited Company, memorandum and Articles of Association of the company along with Board Resolution to be obtained.
- Personal Guarantee of all the Directors to be obtained (for Pvt. Ltd. Company)
Eligibility
- Any Sole Proprietorship or Partnership firm preferably having 02 years successful business operation.
- Monthly cash flow in support of proposed loan installment.
- Owners in the age group of 35 to 60 years having completed at least 18 years of service.
Contact
Trust Bank Limited
SME Department
Head Office
36, Dilkusha C/A
Dhaka-1000
Phone # 02-7163976
