STANDARD SONALI FASAL
Product Name: STANDARD SONALI FASAL (CROPS) (Code- L29)
Purpose of Loan: Financing the Farmers for timely cultivation of almost all types of crops (Season wise)
Loan Limit without collateral security: Maximum 5.00 Lac
Loan Limit with collateral security: As per production cost.
Loan Limit per acre : As per Bangladesh Bank Policy Guide Line.
Tenure: As per crops production calendar & loan repayment index of Bangladesh Bank Agricultural & Rural Credit Policy &
Rate of Interest: 11% (Subject to change by Bangladesh Bank)
Service charges/ Fees for the facility: N/A
i. DP Note
ii. Letter of hypothecation.
iii. Guarantee bond of the spouse of the borrower & other acceptable third party.
iv. Post dated cheque.
v. Collateral security (Where applicable).
vi. Other usual Charge documents.
i. Party application
ii. National ID
iii. Passport size color photograph.
iv. Farmer’s card/ UP Chairman certificate favoring farmer.
v. Guarantor’s information & their consent.
vi. Production plan duly sign by the Upazila Agriculture Officer.
vii. Credit report/Confidential Opinion from Local Lead Bank.
viii.CIB Report for Limit above Tk. 1.50 Lac.
ix. Documents related to collateral security (If applicable)
x. Others related documents.