Eastern Bank PLC EBL Business Wonder

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Eastern Bank PLC EBL Business Wonder Business Expansion Loans are here to fuel your ambitions. Tailored to meet the diverse needs of Cottage, Micro, Small & Medium Enterprises (CMSMEs) across the country, these loans offer a range of features to support your business goals.

EBL Business Wonder Key Features

1. Loan Amount:

Minimum: BDT 2,000,000
Maximum: BDT 30,000,000

2. Loan Tenor:

Ranging from 24 months to 60 months, providing flexibility in repayment.

3. Terminating Loan Facility (EMI-Based):

Enjoy the convenience of Equal Monthly Installments (EMIs) for streamlined repayment.

4. Collateral Requirement:

For loans exceeding BDT 50 Lacs, a registered mortgage on land and/or building is required as collateral security.

5. Interest Rates:

6% p.a. for CMSME customers located outside Dhaka & Chittagong Metropolitan areas.
7% p.a. for CMSME customers located in Dhaka & Chittagong areas.

6. Eligibility Criteria:

Open to CMSMEs as per Bangladesh Bank SME Definition.
Eligibility is subject to the sector, segment, and location of the business.
Minimum 4 years in the same line of business for loans up to BDT 50 Lacs; 5 years’ experience required for amounts exceeding BDT 50 Lacs.
Business income must substantiate the proposed loan installment.
Relaxed eligibility criteria for Women Entrepreneurs.
Borrower’s age must be within 25-65 years at the time of application.

7. Repayment:

Equal Monthly Installments (EMIs) facilitate convenient repayment.
A grace period of up to 6 months is available for eligible manufacturing and service sector clients.

How to Apply for EBL Business Wonder?

Determine Your Loan Amount:
Choose the loan amount that aligns with your business expansion plans, ranging from BDT 2,000,000 to BDT 30,000,000.
Review Eligibility Criteria:
Ensure your CMSME status aligns with Bangladesh Bank’s SME Definition, and meet the specific sector and experience requirements.
Prepare Required Collateral:
If your loan exceeds BDT 50 Lacs, ensure you have the necessary collateral in the form of a registered mortgage on land and/or building.
Submit Your Application:
Apply confidently, knowing that our business expansion loans are designed to empower your growth journey.
Repay with Ease:
Benefit from equal monthly installments, and explore the grace period option if you’re in the eligible manufacturing or service sector.
Online Application:
Please go to the link to apply online for EBL Business Wonder. Click here to apply

Frequently Asked Questions (FAQs) – Eastern Bank PLC EBL Business Wonder

Q1: What is the minimum and maximum loan amount available for Business Expansion Loans?
A1: The minimum loan amount is BDT 2,000,000, and the maximum is BDT 30,000,000.

Q2: What is the repayment tenor for Business Expansion Loans?
A2: The repayment tenor ranges from 24 months to 60 months.

Q3: Is the loan facility terminating, and what is the repayment method?
A3: Yes, it is a terminating loan facility with Equal Monthly Installments (EMIs).

Q4: Is collateral required for these loans, and if so, what is the threshold for requiring collateral?
A4: Yes, collateral is required for loans above BDT 50 Lacs, in the form of a registered mortgage on land and/or building.

Q5: What are the interest rates for Business Expansion Loans based on the location of the business?
A5: The interest rate is 6% p.a. for CMSME customers outside Dhaka & Chittagong and 7% p.a. for those located in Dhaka & Chittagong.

Q6: Who is eligible to apply for Business Expansion Loans?
A6: CMSMEs (Cottage, Micro, Small & Medium Enterprises) across the country, subject to sector, segment, and location criteria.

Q7: What is the minimum business experience required for loan amounts up to BDT 50 Lacs?
A7: Minimum 4 years of experience in the same line of business.

Q8: Is there a grace period available for repayment, and who qualifies for it?
A8: Yes, a grace period of up to 6 months is available for eligible manufacturing and service sector clients.

Q9: Are Women Entrepreneurs eligible for any relaxed criteria?
A9: Yes, there are relaxed eligibility criteria for Women Entrepreneurs.

Q10: What is the age requirement for borrowers applying for Business Expansion Loans?
A10: The borrower’s age must be within 25-65 years at the time of application.