Loan facility for Working Capital or to purchase Machinery & Equipment
Features
- To setup / expansion / repair & renovation of Agro based industries in addition to present business units / industries.
- Loan facility from Tk. 2.00 lac to Tk. 50.00 lac for Working Capital or to purchase Machinery & Equipment.
- No Mortgage or Equitable Mortgage for loans up to Tk. 25 lac.
- Interest rate 15% (case to case basis).
- Processing fee 1% to 1.50%.
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Loan Repayment Period:
Maximum 01(One) year for Time Loan/OD and for Term Loan maximum 05 years. - Repayment of Loan by Equal Monthly Installment (EMI) or from sales proceeds.
Net Worth:
- 3rd party Guarantor's Net Worth must not be less than the proposed Loan amount / Loan limit
- 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 or Private Ltd. preferably having 03 years successful business operation.
- Monthly cash flow to support the proposed loan installment.
- Owners in the age group of 25 to 60 years.
Contact
Trust Bank Limited
SME Department
Head Office
36, Dilkusha C/A
Dhaka-1000
Phone # 02-7163976
