BASIC Bank SME Loan
BASIC Bank SME Loan specialized product tailored to the unique needs of small and medium-sized enterprises. Whether you’re looking to expand your operations, invest in new equipment, or manage your working capital, the BASIC Bank SME Loan offers competitive rates and flexible terms to support your business’s growth
About SME Loan Products
SME banking is the main form of commercial banking that offers a variety of services, with commercial banks mainly targeting SME customers rather than corporate clients. There are several types of SME businesses, small businesses run by company owners who take care of everything themselves. At the mid-level with a small workforce and at the enterprise level run the business on a large scale.
Following are the BASIC Bank SME Loan
BASIC Bank Proyash Loan
To purchase equipment, to repair existing equipment, to purchase equipment/ spare, to acquire/ renovate/ renovate business premises, to use as working capital for the company.
BASIC Bank Proyash Loan Details
| Eligibility Segment | Any professional who has completed a Government aided or recognized degree/diploma/certificate courseProven track record of experience in the relevant field by obtaining a technical degreeWho according to the Bank is already engaged in such business or is technically qualified/ competent. |
| Loan Margin | 25% amount of the project |
| Loan Amount | BDT 1 lac to 120 Lac |
| Maximum Tenor | 60 months, another 12 months extendable |
| Interest Rate | 9.00% |
| Personal Guarantee | Personal guarantee of spouse (s), parents, income-generating adult son/daughter, brother/sister (minimum two) |
| Penalty | In case of delayed payment, a penalty of 2% on the overdue amount for the overdue period shall be charged. |
| Security | Hypothecation/Mortgage of the goods purchased/dealing items/created with the amount of loan.Collateral security by way of immovable properties in the form of a registered mortgage. |
BASIC Bank Amontron Loan
Purchase of equipment/ material/ utensils/ crockery, repair of existing equipment, purchase of equipment/ spares, acquisition/ repair/ renovation of business premises for a customer, used as working capital.
| Eligibility Segment | Any adult citizen of Bangladesh, who has completed a government-aided or recognized degree/ diploma/ certificate courseTechnical degree holders have proven experience records in relevant fieldOr who are already involved in such business with the bank or are technically qualified and skilled in the field like catering, catering, restaurant business, catering event management, etc. |
| Loan Margin | 25% of the initial projected investment |
| Maximum Loan Amount | BDT 10,000 – Tk. 20 Lac |
| Maximum Tenor | 36 months |
| Interest Rate | 9.00% |
| Personal Guarantee | Personal guarantee of spouse (s), parents, income generating adult son/daughter, brother/ sister (minimum two). |
| Penalty | In case of delayed payment, a penalty of 2% on the overdue amount for the overdue period shall be charged. |
| Security | Hypothecation/Mortgage of the goods purchased/dealing items/created with the amount of loan.Collateral security by way of immovable properties in the form of a registered mortgage. |
BASIC Bank Nandonik Loan
To purchase equipment, to repair existing equipment, to purchase equipment/ spare, to acquire/ renovate/ renovate business premises, to use as working capital for the company.
BASIC Bank Nandonik Loan details
| Eligibility Segment | Any adult citizen of Bangladesh, who has completed a government-aided or recognized degree/ diploma/ certificate courseTechnical degree holders have proven experience records in relevant fieldOr who are already involved in such business with the bank or are technically qualified and skilled in the field like catering, catering, restaurant business, catering event management, etc. |
| Loan Margin | 25% of the initial projected investment. |
| Loan Category | Term Loan, Short Term Loan, Cash Credit. |
| Loan Amount | BDT 10,000 – 20 Lac |
| Maximum Tenor | Term Loan= Maximum 3 years (Subject to the estimation of payback period). Short Term Loan= 1 year including the g grace period. Cash Credit= 1 year (renewable). |
| Interest Rate | 9.00% |
| Personal Guarantee | Personal guarantee of spouse (s), parents, income generating adult son/daughter, brother/ sister (minimum two). |
| Penalty | In case of delayed payment, a penalty of 2% on the overdue amount for the overdue period shall be charged. |
| Security | Hypothecation/Mortgage of the goods purchased/dealing items/created with the amount of loan.Collateral security by way of immovable properties in the form of a registered mortgage. |
BASIC Bank Okkhor Loan
To purchase equipment, to repair existing equipment, to purchase equipment/ spare, to acquire/ renovate/ renovate business premises, to use as working capital for the company.
BASIC Bank Okkhor Loan details
| Eligibility Segment | Professionals who have completed degree/diploma/certificate courses aided or recognized by Govt.Proven record of experience in a relevant fieldor who in the opinion of the Bank is already engaged in such business or is technically qualified/competent. Such as printing and publishing, electronic media, etc |
| Loan Category | Term Loan, Cash Credit |
| Loan Purpose | Professional establishment, Equipment, and Facility stuffs |
| Loan Amount | BDT 1 Lac – 50 Lac |
| Maximum Tenor | Term Loan= Maximum 3 years (Subject to the estimation of payback period) Cash Credit= 1 year (renewable). |
| Interest Rate | 9.00% |
| Personal Guarantee | Personal guarantee of spouse (s), parents, income generating adult son/daughter, brother/ sister (minimum two). |
| Penalty | In case of delayed payment, a penalty of 2% on the overdue amount for the overdue period shall be charged. |
| Security | Hypothecation/Mortgage of the goods purchased/dealing items/created with the amount of loan.Collateral security by way of immovable properties in the form of a registered mortgage. |
BASIC Bank Shaat Shodai Loan
To purchase equipment, to repair existing equipment, to purchase equipment/ spare, to acquire/ renovate/ renovate business premises, to use as working capital for the company.
BASIC Bank Shaat Shodai Loan details
| Eligibility Segment | Professionals who have completed degree/diploma/certificate courses aided or recognized by Govt.Proven record of experience in a relevant fieldOr whom the opinion of the bank is already involved in such business are technically qualified/skilled in the field i.e. retail and grocery shop business etc. |
| Loan Category | Term Loan, Cash Credit |
| Margin | 25% of the initial projected investment. |
| Loan Amount | BDT 25,000 – 25 Lac. |
| Maximum Tenor | Term Loan= Maximum 3 years (Subject to the estimation of payback period). Cash Credit= 1 year (renewable). |
| Interest Rate | 9.00% |
| Personal Guarantee | Personal guarantee of spouse (s), parents, income generating adult son/daughter, brother/ sister (minimum two). |
| Penalty | In case of delayed payment, a penalty of 2% on the overdue amount for the overdue period shall be charged. |
| Security | Hypothecation/Mortgage of the goods purchased/dealing items/created with the amount of loan.Collateral security by way of immovable properties in the form of a registered mortgage. |
BASIC Bank Haater Kaaj Loan
To purchase equipment, to repair existing equipment, to purchase equipment/ spare, to acquire/ renovate/ renovate business premises, to use as working capital for the company.
BASIC Bank Haater Kaaj Loan details
| Eligibility Segment | Professionals who have completed degree/diploma/certificate courses aided or recognized by Govt.Proven record of experience in a relevant fieldor who, in the opinion of the bank is already involved in such business or is technically qualified/skilled in the field. |
| Loan Category | Term Loan, Cash Credit. |
| Margin | 25% of the initial projected investment. |
| Loan Amount | BDT 10,000 – 20 Lac. |
| Maximum Tenor | Term Loan= Maximum 3 years (Subject to the estimation of payback period). Cash Credit= 1 year (renewable). |
| Interest Rate | 9.00% |
| Personal Guarantee | Personal guarantee of spouse (s), parents, income generating adult son/daughter, brother/ sister (minimum two). |
| Penalty | In case of delayed payment, a penalty of 2% on the overdue amount for the overdue period shall be charged. |
| Security | Hypothecation/Mortgage of the goods purchased/dealing items/created with the amount of loan. Collateral security by way of immovable properties in the form of a registered mortgage. |
Required common documents for the applicant
- A Complete fill out KYC form
- Recent Passport Size Photographs
- Photocopy of NID/Passport/Driving License
- Copy of valid Trade License
- Income tax certificate or up-to-date TIN (Optional)
- The personal identity of the proprietor of the Firm has to be established by regular individual account opening documentation
- Proof of Address- Copy of Utility Bill
- Certified true copy of the Memorandum & Articles of Association of the Company
- Copy of Certificate of Incorporation
- Copy of Certificate of Commencement of Business (For Public Limited Companies only)
- Other documents as required by the bank.
Special Requirement for an applicant
- Valid trade license from the appropriate authority and all other identification documents of the entrepreneur.
- Applicants must submit a business plan with a projection of investment.
BASIC Bank Contact Address
BASIC Bank Limited
Sena Kalyan Bhaban (6th Floor) 195 Motijheel C/A, Dhaka 1000
PABX Range: (+8802) 9568190, 9590548, 9591002
FAX: (+8802) 9564829
Email: basicho@basicbanklimited.com
Website: www.basicbanklimited.com
Frequently Asked Questions (FAQs) on BASIC Bank Loans
Q: What is the BASIC Bank Proyash Loan for?
A: The BASIC Bank Proyash Loan is designed for various purposes such as purchasing equipment, repairing existing equipment, acquiring business premises, and utilizing working capital.
Q: Who is eligible for the BASIC Bank Proyash Loan?
A: Any professional who has completed a Government-aided or recognized degree/diploma/certificate course, with a proven track record of experience in the relevant field or deemed technically qualified by the bank.
Q: What is the loan margin for the BASIC Bank Proyash Loan?
A: The loan margin is 25% of the amount of the project.
Q: What is the loan amount range for the BASIC Bank Proyash Loan?
A: The loan amount ranges from BDT 1 lac to 120 Lac.
Q: What is the maximum tenor for the BASIC Bank Proyash Loan?
A: The maximum tenor is 60 months, with another 12 months extendable.
Q: What is the interest rate for the BASIC Bank Proyash Loan?
A: The interest rate is 9.00%.
Q: What are the security requirements for the BASIC Bank Proyash Loan?
A: Hypothecation/Mortgage of the goods purchased/dealing items/created with the loan amount, along with collateral security by way of immovable properties in the form of a registered mortgage.
Q: Is there a penalty for delayed payment with the BASIC Bank Proyash Loan?
A: Yes, a penalty of 2% on the overdue amount for the overdue period shall be charged.
Q: What documents are required for the application of the BASIC Bank Proyash Loan?
A: Required documents include KYC form, recent passport size photographs, photocopy of NID/Passport/Driving License, copy of valid Trade License, income tax certificate or up-to-date TIN (Optional), proof of address, certified true copy of the Memorandum & Articles of Association of the Company, copy of Certificate of Incorporation, and other documents as required by the bank.
Q: Where can I find more information about the BASIC Bank Proyash Loan?
A: You can visit the BASIC Bank Limited website at www.basicbanklimited.com