Brac Bank SME Loan

Brac Bank SME Loan

Key Product Features

Interest Rate (Unsecured) 19.00
Interest Rate (Secured) 17.00
Interest Rate (Cash) 10.50
Interest Rate (Woman) 10.00
Interest Rate Additional Info For Secured loan interest rate may varies from 16-19% and for women interest rate is 10% .
Min. financing Amount N/A
Max. financing Amount 80% of collateral amount.
Min. loan tenure 12 year
Max. loan tenure 60 year
Islamic / Conventional Conventional
Approval duration N/A

Fees and Charges

One time set-up Penalties
Processing fee
For secured-Upto BDT 10000000 fee is 1%, above BDT 10000000 fee is 0.75%. For unsecured- fee is 1.5 %

Stamp duty
N/A
Early Settlement
N/A

Late Payment Charges
2%

Eligibility

Age requirement
Age 21 - 60

Other Information


N/A

Brac Bank SME Loan

  1. What will it cost you and how will you be charged?
    N/A
  2. How long will the application take and what documentations are required?
    You need the following documents to be approved for this loan : 1. Last six months bank statement. 2. Valid trade license. TIN Certificate. 3. Guarantor's Bio-data. 4. Business cash flow statements. 5. Copy of Utility Bills. 6. National ID, Photographs of the applicant and nominee etc.
  3. Advantages
    N/A