Any business purpose loan for business enterprises (other than Public Limited Company) incorporated in Bangladesh engaged in manufacturing or trading or service business.
Eligibility
Business enterprise having two years experience in existing business.
Monthly cash flow to support proposed loan installment.
Nature of the Loan:
Term Loan
Repayment:
Monthly Repayment facility.
Loan Size:
TK. 200,000/- (Taka Two Lac) to Tk.5,000,000/- (Taka Fifty lac)
Security:
No Collateral security, Loan above Tk.500,000/-(Taka Five Lac) is to be collaterally secured by legal mortgage of immovable properties.
Loan Period:
Maximum 36 (thirty six) months for loan upto Tk.5.00 lac.
Maximum 60 (sixty) months for loan above Tk.5.00 lac
Shortest possible processing & least formalities.
SME Banking
The growth of Small and Medium Enterprises (SMEs) in terms of size and number has multiple effect on the national economy, specifically on employment, GDP growth, and poverty alleviation in Bangladesh. IFIC Bank is also a partner of SME sector development of the country.
