CMSME Loan Products of Rupali Bank

What are Small and Medium Enterprises (SMEs)?

Small and medium-sized enterprises (SMEs) are businesses that can maintain revenue, assets, or a number of employees below a certain threshold. What constitutes a small and medium-sized enterprise has its own definition. Certain size criteria must be met and sometimes the industry in which the company operates is also considered.

What are Cottage, Micro, Small, and Medium Enterprises (CMSMEs)?

Generally, Cottage, Micro, Small, and Medium Enterprises (CMSMEs) are considered catalysts of any economy. In the context of economic development, CMSMEs play an important role in both developed and developing countries in effecting positive changes in the economy at all levels and strengthening the national economic situation of the country.

Details of Rupali Bank Limited’s Cottage, Micro, Small, and Medium Enterprises (CMSMEs) loans are given below:

We have seen that people are more likely to be deceived due to misinformation and seek third-party assistance, leading to higher chances of facing financial penalties. If the customer takes the loan directly from the lender, then there will be no danger later.

Here, some types of cottage, micro, small, and medium enterprises (CMSMEs) loan information of Rupali Bank Limited are presented in detail so that if anyone wants to use this information, it is easy to make a loan decision and not get into trouble later.

What is a manufacturing loan?

A manufacturing loan is a loan required for a project which is all for the project logistics is used to fill the gap; Inventory, employees, etc.

Generally, manufacturing wins a project and then plans to start the project. The manufacturing companies need funds to purchase materials and hire employees to maintain production and demand with uncertainty about when payments will be made from a signed contract.

Rupali Bank provides Manufacturing Loans for cottage & manufacturing-based activities.

Key Features of Rupali Bank CMSME Loan

Loan Title	Max. Amount	Interest Rate	Tenor	Early Settlement fees
Rupali Bank Ltd. Sulob Rin	BDT 200 lac	9.00% (Variable)	Maximum 96 months	Not Needed
Rupali Bank Ltd. Shohoj Rin	BDT 10 lac	9.00% (Variable)	Maximum 48 months	Not Needed
Rupali Bank Ltd. Peshajibi Rin	BDT 100 lac	9.00% (Variable)	Maximum 60 months	Not Needed
Rupali Bank Ltd. Majhari Rin (Medium loan)	BDT 75 Crores	9.00% (Variable)	Maximum 120 months	Not Needed
Rupali Bank Ltd. Babsahi Rin	BDT 5 crores	9.00% (Variable)	It’s a continuous loan so it follows the specific rules of the bank.	Not Needed

CMSME Loan Details

Sulob Rin

• Loan amount: Loan maximum BDT 200 lac
• Loan Tenor: For project term loan Maximum 96 months (installment monthly/ quarterly) Or Decisions from Bank and Party
• Loan Tenor: For continuous loan as for Bank Rules
• Interest Rates: 9.00% (Variable)
• Security: Auxiliary collateral real state needed for Exclusive ownership the maximum loan amount (MCL) will be 75% of the immediate sell price of the property and for co-shared/ third party ownership the maximum loan amount (MCL) will be 50% of the immediate sell price of the property.

Shohoj Rin:

• Loan amount: Loan maximum BDT 10 lac
• Loan Tenor: For term loan Maximum 48 months (installment monthly/ quarterly)
• Loan Tenor: For continuous loan as for Bank Rules
• Interest Rates: 9.00% (Variable)
• Security: Personal guarantee and third-party guarantee as acceptable to the bank of a well-to-do person against loans up to BDT 0.50 lac
• Security: Auxiliary collateral real state (1:1) needed in case of loan more than BDT 0.50 lac.

Peshajibi Rin:

Features

• Loan amount: Loan maximum BDT 100 lac
• Loan Tenor: For term loan Maximum 60 months (installment monthly/ quarterly)
• Loan Tenor: For continuous loan as for Bank Rules
• Interest Rates: 9.00% (Variable)
• Security: Auxiliary collateral need not be required for professionals, but an educational certificate or professional certificate, Personal guarantee, and third-party guarantee are required
• Security: Without an educational or professional certificate, the auxiliary collateral real state is required.

Majhari Rin (Medium loan):

• Loan amount: Loan maximum BDT 75 Crores
• Loan Tenor: For project term loan Maximum 120 months (installment monthly/ quarterly) Or Decisions from Bank and Party
• Loan Tenor: For continuous loan as for Bank Rules
• Interest Rates: 9.00% (Variable)
• Security: Auxiliary collateral real state needed for Exclusive ownership the maximum loan amount (MCL) will be 75% of the immediate sell price of the property and for co-shared/ third party ownership the maximum loan amount (MCL) will be 50% of the immediate sell price of the property.

Babsahi Rin:

• Loan amount: Loan maximum BDT 5 crores
• Loan Tenor: For continuous loan as for Bank Rules
• Interest Rates: 9.00% (Variable)
• Security: Auxiliary collateral real state needed for Exclusive ownership the maximum loan amount (MCL) will be 75% of the immediate sell price of the property and for co-shared/ third party ownership the maximum loan amount (MCL) will be 50% of the immediate sell price of the property.

Eligibility

• Entrepreneurs of Small industries of manufacturing and service sectors in Bangladesh.

Charges and Fees

• Application fees: BDT 200
• Documentation Fees, CIB charges, Stamp charges, And Legal and Valuation Fees are recoverable at the actual amount
• Early Settlement Fee: Nil.

Required Common Documents

• Copy of National ID of Applicant/ Guarantor
• 2 Copies of a recent passport-size photograph
• Copy of Income Tax Certificate/ Tax Return/ Tax Acknowledgement Receipt of the applicant
• Bank Statement of at least 12 months
• Property-related documents (if necessary)
• For a salaried person, Salary Certificate from the competent authority
• For businessman/ self-employed individual, trade license & other related papers for last 03 years.

If they need the necessary documents for manufacturing or cottage loans, they will ask for them from the bank.

Frequently Asked Questions (FAQs) on Rupali Bank’s CMSME Loan Products

Q: What is manufacturing?

A: Manufacturing is generally defined as the commercial production of raw materials through the use of machines, tools, chemicals, and/or human labor into manufactured goods, merchandise, or components of more advanced products.

Q: What is Rupali Bank CMSME Loan?

A: Rupali Bank CMSME Loan, also known as “Shohoj loan,” is tailored for cottage and manufacturing-based activities.

Q: What is the maximum loan amount of Rupali Bank CMSME Loan?

A: The maximum loan amount for Rupali Bank CMSME Loan is BDT 10 lac.

Q: What is the maximum time for loan repayment?

A: The maximum loan repayment period is 48 months.

Q: Who can take this loan?

A: Root Level Citizens in Bangladesh are eligible to apply for this loan.

Q: What is Rupali Bank Sulob Rin?

A: Rupali Bank Sulob Rin is designed for small and manufacturing-based activities.

Q: How much is the maximum loan amount of Rupali Bank Sulob Rin?

A: The maximum loan amount for Rupali Bank Sulob Rin is BDT 200 lac.

Q: What is the loan tenure for Rupali Bank Sulob Rin?

A: For project term loans, the maximum tenure for Rupali Bank Sulob Rin is 96 months, with the option for monthly or quarterly installments.

Q: Is there any fee to apply for the loan?

A: Yes, there is an application fee.

Q: How much is the Rupali Bank manufacturing loan application fee?

A: The application fee for the Rupali Bank manufacturing loan is BDT 200 for a single application.

Q: Is there any fee applicable for loan repayment in advance?

A: No, there is no fee for loan repayment in advance.

Q: Where can I contact for the Rupali Bank CMSME Loan?

A: You can contact any branch of Rupali Bank. Your loan application will be approved if the branch is nearest to you, the loan recipient.

What is the contact address of Rupali Bank Head Office?