SME Banking
DBBL Festival Loan “Utshab”
| Purpose | To meet up seasonal working capital requirement of our existing Cash Credit/Term Loan clients. |
| Target Customers | Any legitimate business under Cottage, Micro, Small and Medium entrepreneurs as per definition provided by Bangladesh Bank. |
| Loan Amount | Maximum up to 20.00 Mil. (not more than 50% of existing Loan facility) |
| Interest Rate(Floating) | Competitive Interest Rate |
| Processing Fee | Nil |
| Renewal/ Enhancement Fee | NIL |
| Further facility(Top up/ Repeat loan) | - |
| Tenure | Maximum 6 Months (must be within the tenor or expiry of existing loan facility) |
| Overdue charge | Additional 2% p.a. on overdue amount |
| Stamp charges & VAT | All relevant Stamp charges & VAT (as per Govt. rules) |
| Eligible Entrepreneur /Owner | Nationality: Bangladeshi by birth Age: Minimum 21 years to maximum 65 years |