UCB SME Installment Loan
UCB SME Installment Loan (USIL) offers collateral-free financing solutions for your business needs.
SME Installment Loan Features:
- Loan Limit: Up to BDT 1.50 crore for one application
- Facility Type: Term Loan
- Loan Tenure: 12 to 60 Months
- Loan Purpose: Suitable for any business purposes
- Interest rate: Competitive Interest rate
- Processing fee: Followed by Bangladesh Bank guidelines
- Mortgage Requirement: Not required
- Refinance Facility: Available (Conditional)
SME Installment Loan Borrower’s Eligibility:
- Business entity: Proprietorship, Partnership & Private Limited Company
- Minimum of 3 years of continued business experience
- Owner’s/Key Applicant’s Age should be between 21 years to 65 years.
Frequently Asked Questions
Q: What is the loan limit for SME installment loan applications?
A: The loan limit is up to BDT 1.50 crore for one application.
Q: What type of facility is provided with SME installment loans?
A: The facility type is a term loan.
Q: What is the loan tenure available for SME installment loans?
A: The loan tenure ranges from 12 to 60 months.
Q: For what purposes can the SME installment loan be used?
A: It is suitable for any business purposes.
Q: What is the interest rate offered on SME installment loans?
A: Competitive interest rates are offered.
Q: How is the processing fee determined for SME installment loans?
A: The processing fee follows Bangladesh Bank guidelines.
Q: Is mortgage requirement necessary for SME installment loans?
A: No, mortgage requirement is not necessary.
Q: Is refinance facility available for SME installment loans?
A: Yes, refinance facility is available, subject to certain conditions.
Q: What are the eligibility criteria for borrowers of SME installment loans?
A: Business entities eligible include proprietorship, partnership, and private limited companies. Additionally, a minimum of 3 years of continued business experience is required, and the owner’s/key applicant’s age should be between 21 years to 65 years.