SBL Karma Uddogh

To contribute in public and private developmental project, SBL offers "SBL Karma Uddogh" loan facility with/without collateral to Sole Proprietorship Firms, Partnership Firms, and Private Limited Companies under SME business to meet revolving cash requirement for completion of the project.
  • Key Features
      1. To meet revolving cash requirement for completion of public and private developmental project against particular development project (Commercial)/work order/assignment offered by Govt. and semi-govt. organization.
      2. Facility Type – Continuous Loan [SOD(general)/SOD(WO)/SOD(FO)] and Term Loan
      3. Loan Ceiling – Tk. 0.50 Lac to Tk. 20.00 Lac
      4. Loan Tenure – Maximum 12 months with renewal option for Continuous Loan and Maximum 60 months for Term Loan.
      5. Nominal Interest Rate.
  • Eligibility
      1. Age: At least 21 years.
      2. Any Small and Medium sector enterprise (Proprietorship/ Partnership/ Private Limited company) having the experience of successfully completion of different projects for at least 2 (two) years may apply for the loan.
  • Required Documents
      1. Valid trade license
      2. Special license/permission (if applicable) for business operation.
      3. Notarized partnership deed/registered by Sub Register Officer (in case of partnership).
      4. Memorandum and Articles of Association in case of Limited Company.
      5. Passport/National voter ID/ward commissioner/UP chairman certificate of the Proprietor/Partner/Directors.
      6. Photo of the proprietor/Partners and guarantors.
      7. Statement of all active bank loans (if any).
      8. Last 12 months bank statement of transactional account.
  • Security Arrangement
      1. Primary Security:
      2. Letter of Acceptance of Assignment by the work giving authority ( for work order).
      3. Personal guarantee of Proprietor/Partner/Directors and their spouse.
      4. 02(two) 3rd party Guarantors whose Net Worth must not be less than the proposed Loan amount/Loan limit.
      5. Collateral (not compulsory for credit facility up to Tk. 5.00 Lac):
      6. Registered mortgage of property/ownership of the space/possession right purchased in Bank’s name.
      7. Lien of cash collateral (FDR) and other encashable financial instrument (in any)
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