Product Name: STANDARD SUDIN (CROP GO-DOWN) (Code-L32).
Purpose of Loan: Financing the Farmers for stocking crops (Season wise)
Loan Limit without collateral security: Minimum 0.05 Lac & Maximum 0.25 Lac
Tenure: 30-60 days after harvesting crops.
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. UP Chairman certificate.
v. Guarantor’s information & their consent.
vi. Credit report/Confidential Opinion from Local Lead Bank.
vii. Others related documents.