Loan for Solar Mini-grid

For setting Solar Mini-grid plant to produce electricity to the rural dwellers, workshop or small scale of commercial concerns where electricity yet to rich.

Features

Loan for Solar Mini-grid

Purpose of the loan

For setting Solar Mini-grid plant to produce electricity to the rural dwellers, workshop or small scale of commercial concerns where electricity yet to rich.

Type of Facility

Term Loan

Tenor

Maximum 60 Months with 6 Month Moratorium period

Age Limit

Minimum-  25 years
Maximum- 55 years

Loan Amount

Min: Tk. 50.00 Lac
Max: Tk. 150.00 Lac

Interest Rate

9% p.a. through Bank
11% p.a. through MFI with quarterly rest ( if refinance from Bangladesh Bank is available)
Otherwise rate advised from Head Office.

Security/Collateral

Up to Tk. 5.00 Lac without Collateral

Eligibility

  • Proprietorship/Partnership/ Individual/Cooperative Society
  • 3 (Three) Years of Technical Experience 

Other Documents

  • Valid & Updated  Trade License
  • National ID
  • TIN/VAT (if Req.)
  • Opening of Bank A/C before applying for loan
  • Company Seal
  • Photograph
  • Personal Guarantee
  • Corporate Guarantee of agency/MFI
  • Guarantee of the managing committee of C.S
  • Updated CIB
  • Collateral Security (if Req.)
  • Any other Documents (if Req.)
How to Apply