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Standard Poverty Elimination

STANDARD SACHAAL PROKOLPO

Product Name :    STANDARD SACHAAL PROKOLPO (Code-L-31).
Purpose of Investment :    Financing village small traders, Tailor’s shop, smith workshop, & others small & cottage industries one the purpose of remedy of poverty.
Investment Limit without collateral security :    Maximum 0.50 Lac
Tenure :    06 (Six) months from the date of disbursement.
Rate of Interest :    11% (Subject to change by Bangladesh Bank)
Service charges/ Fees for the facility :    N/A

Security :   
     DP Note
     Letter of hypothecation.
     Guarantee bond of the spouse of the borrower & other acceptable third party.
     Post dated cheque.
     Other usual Charge documents.

Documentation :   
     Party application
     National ID
     Passport size color photograph.
     UP Chairman certificate.
     Guarantor’s information & their consent.
     Credit report/Confidential Opinion from Local Lead Bank.
     Others related documents.