STANDARD BANK LIMITED OTHERS PROJECT
i) AGRI/RURAL CR. OTHERS (Code- L- 38)
ii) AGRI/RURAL CR. OTHERS (Code- C-55)
Purpose of Loan: Financing the Farmers /Entrepreneurs for mashrum project & bee keeping & some other agri project.
Loan Limit without collateral security: Maximum Tk. 1.00 Lac.
Loan Limit with collateral security: Maximum Tk. 5.00 Lac.
Tenure: As per crops production & harvesting time, it will be fixed.
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 & mortgage of crops.
iii. Guarantee bond of the spouse of the borrower & other acceptable third party.
iv. Post dated cheque.
v. 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.