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| SME Financing » PBL Karma Uddog |
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| PBL Karma Uddog |
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| Product Objective/Purpose |
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To meet up short term fund requirement of SME's and SME's run by women entrepreneurs |
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| Eligibility |
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2 (two) years experience in the line of business. |
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Business must be a going -concern with more than 1 (one) year in operation. |
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| Age Limit |
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Minimum 18-years |
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| Loan Ceiling |
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Tk. 2.00-lac to Tk. 10.00-lac |
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| Financing Range |
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60%-70% of inventory and receivable |
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| Tenor |
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From 12 months to 36 months. |
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| Rate of Interest |
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@9.00% P.A. for woman entrepreneurs subject to change at Bank's discretion. |
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| Security |
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| Primary Security |
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Post dated cheques. |
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Charge on current assets (receivables, Stock etc.). |
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Personal guarantee of Proprietor, Partners, Directors, Spouse. |
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Hypothecation of machinery, equipments etc. |
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Personal guarantee of 1 (one) person acceptable to Bank. |
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| Collateral (Not mandatory upto Tk. 10.00-lac) |
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Mortgage (in case of ownership)/assignment of possession right of shop, show-room etc. |
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| Documents |
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Request letter of the applicant. |
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Consent letter. |
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KYC profile with NID. |
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Photograph of Borrower, Guarantor, Business site. |
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Financial and Personal net-worth. |
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Branch Manager's & Regional Manager's visit report. |
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| Repayment |
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Repayment of the loan will be started after 1/2/3 months of disbursement by equal monthly installment. |
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| Sanction Authority |
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Regional Manager. |
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| Processing Fee |
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Tk. 500.00 for limit below Tk.6.00-lac. |
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Tk. 1000.00 for limit of Tk. 6.00-lac to 10.00-lac. |
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| Penal Interest |
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@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. |
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| For any query please Contact at: Tel: (PABX) 02223381614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com |
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.;l |
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| Foreign Currency Rates |
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| Currency |
Buying |
Selling |
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| USD |
108.50 |
108.90 |
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| EURO |
118.60 |
122.20 |
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| GBP |
133.85 |
139.25 |
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