Loans that cater to the financial needs of the Small and Medium Enterprise (SME) segment in the business sector are considered SME loans. Generally, SMEs are responsible for providing huge employment opportunities with relatively low capital costs and at the same time, help in the industrialization of backward societies and rural areas. The SME sector plays a major role in the country’s development by contributing very significantly to the country’s local production, significantly increasing export earnings, and creating an orderly work environment.
UCB SME has category-wise loan opportunities that customers can conveniently negotiate with the bank:
UCB SME Installment Loan (USIL)
Financing without collateral to support business
| Loan Amount | Interest Rate | Loan Tenure |
|---|---|---|
| Up to BDT 1 crore | 9.00% | 1 year to 5 years |
Other features:
- Loan Facility Type: Term Loan
- Business Category: For any business purposes
UCB SME Installment Loan (USIL) eligibility
- Business entity: Proprietorship, Partnership, or Private Limited Company
- Minimum 3 years of continued business experience
- The applicant age should be in between 21 years to 65 years.
UCB SHOPNO: Cottage & Micro Loan
Increase the business scope and buy fixed assets
| Loan Amount | Interest Rate | Loan Tenure |
|---|---|---|
| Up to BDT 5 lac | 9.00% | 1 year to 3 years |
Other features:
- Loan Facility Type: Term Loan
- Business Category: For any business purposes
UCB SHOPNO: Cottage & Micro Loan eligibility
- Business Entity: Proprietorship & Partnership
- Target: Cottage & Micro Business
- Minimum 2 years of continued business experience
- Applicant age should be between 21 years to 65 years.
UCB Dhrubo SME Loan
Overdraft Lending Product for Small Enterprises
| Loan Amount | Interest Rate | Loan Tenure |
|---|---|---|
| Up to BDT 500 lac | 9.00% | 1 year (renewable each year) |
Other Features:
Working capital, agriculture production or trading, and other business purposes for small-sized trading, service, and manufacturing concerns.
UCB Dhrubo SME Loan Eligibility
The business must be operational and have at least 1 year of operational experience.
UCB Onkur SME Loan
Consider lending products to small businesses.
| Loan Amount | Interest Rate | Loan Tenure |
|---|---|---|
| Up to BDT 500 lac | 9.00% | 5 years |
Other Features:
Working capital, agriculture production or trading, and other business purposes for small-sized trading, service, and manufacturing concerns.
UCB Onkur Loan Eligibility
The business must be operational and have at least 1 year of operational experience.
UCB Durjoy SME Loan
Consider lending products to small businesses.
| Loan Amount | Interest Rate | Loan Tenure |
|---|---|---|
| Up to BDT 500 lac | 9.00% | Minimum 1 year to max 5 years |
Other Features:
Working capital, agriculture production or trading, and other business purposes for small-sized trading, service, and manufacturing concerns.
UCB Onkur SME Loan Eligibility
The business must be operational and have at least 1 year of operational experience.
UCB AYMA Dipti SME Loan
Working capital, agriculture production or trading, and other business purposes for trading, service, and manufacturing concerns.
| Loan Amount | Interest Rate | Loan Tenure |
|---|---|---|
| Up to BDT 500 lac | 5.00% up to 50 lac under Refinance Scheme | Minimum 1 year to max 5 years |
Special benefit
Government 1.00% subject to full adjustment within expiry
UCB AYMA Dipti SME Loan Eligibility
The business operation must be a minimum of one year by Women Entrepreneur.
UCB SME Loan fees and charges
Loan Application Fee: No cost
Loan Processing Fee:
- Loan amount up to BDT 50 Lac: 0.50% or BDT 15,000/- whichever is lower.
- Loan amount above BDT 50 Lac: 0.30% or BDT 20,000/- whichever is lower.
Early/ Partial Settlement Fee
- For Cottage, Micro, and Small Enterprises No charges
- For Medium 0.50% on outstanding loan amount
- No charge for Continuous and Demand Loan
Balance Confirmation Certificate for SME Loan accounts: BDT 100.00
Required documents for UCB SME Loans
- Copy of national identity card of applicant and guarantor.
- 2 copies of recently printed passport photographs.
- At least six months bank statements of the salary account of the borrower.
- Quote to purchase the product.
- For salaried persons, a salary certificate from the competent authority of employment.
- Copy of Trader/Self-Employed Person, Trade License, and other related documents.
- The Bank may request any other relevant documents as required by the Bank.
Frequently Asked Questions (FAQs) about UCB SME Loans
- What is a UCB SME loan?
- A UCB SME loan is a financing option provided by the lender to Small and Medium Enterprises (SMEs) to expand their businesses.
- What is the maximum loan amount?
- UCB offers SME loans up to BDT 500.00 lac.
- Who can apply for a consumer household durable loan?
- Small, Medium, and Enterprise individuals in the age group of 21 to 65 years respectively can apply.
- How much EMI do customers need to pay?
- The EMI amount depends on the loan amount and the defined tenure.