Uttaran SME Sector Development Project Loan (USSDPL)
In order to enhance investment of SMEs in productive sector Uttara Bank Limited introduced a new product named “Uttaran SME Sector Development Project Loan (USSDPL)" to the new as well as BMRE projects.
Category / Loan type:Term Loan
Purpose :To procure
- Fixed Assets, including Machinery & Equipment andFactory buildings and related civil works.
- Technical know how, Consultation Services & Training3) For RMG Sector – retrofitting, rebuilding & relocation of the factory buildings.
Customer Eligibility :
- Must be a Business Concern.
- Must be a Current Account Holder of the Bank.
- Up dated clean CIB Report.
- Registered Mortgage of Land & Building
- Personal Guarantee of the Owner(s)/ Directors.
- Post dated cheques.
- Other Securities as acceptable to the Bank
Repayment : Equal Monthly Installment .
Interest Rate : Market Competitive
Required Documents :
- Valid Trade License.
- Up to date TIN Certificate.
- Regulatory papers
Loan Tenor :1 to 8years .
Debt Equity Ratio : a) 10% by the Sponsor b) 15% by the Bank and 3) 75% by the JICA fund of Bangladesh Bank.
*condition will apply