PBL Subarna Loan
Product Purpose:
The PBL Subarna loan is designed to fulfill working capital requirements.
Eligibility:
- Applicants must have a minimum of two years of experience in the relevant business line.
- The business must be operational for at least one year.
Age Limit:
Minimum age requirement is 18 years.
Loan Ceiling:
Loan amounts range from Tk. 2.00 lakh to Tk. 10.00 lakh.
Financing Range:
60% to 70% of inventory and receivables can be financed.
Tenor:
Flexible repayment period from 12 to 36 months.
Rate of Interest:
Interest rate stands at 11.75% per annum, subject to change at the bank’s discretion.
Security:
Primary Security:
- Post-dated cheques
- Charge on current assets (receivables, stock, etc.)
- Personal guarantees of proprietor, partners, directors, and spouse
- Hypothecation of machinery, equipment, etc.
- Personal guarantee of one person acceptable to the bank
Collateral (Not mandatory up to Tk. 10.00 lakh):
- Mortgage (in case of ownership) / assignment of possession right of shop, showroom, etc.
PBL Subarna Loan Documents Required:
- Request letter from the applicant
- Consent letter
- Know Your Customer (KYC) profile with National ID
- Photographs of borrower, guarantor, and business site
- Financial and personal net worth statements
- Branch Manager’s and Regional Manager’s visit report
Repayment:
Equal monthly installments will commence 1, 2, or 3 months after disbursement.
Sanction Authority:
Regional Manager
Processing Fee:
- Tk. 500.00 for limits below Tk. 6.00 lakh
- Tk. 1000.00 for limits of Tk. 6.00 lakh to 10.00 lakh
Penal Interest:
- Penal interest of 0.25% on defaulted amounts per month, not to exceed 3% per annum at any point.
Contact
For any queries, please contact us at:
Tel: (PABX) 02223381614
Fax: 880-2-9564009
Email: gsdd@pubalibankbd.com