Uttaran SME Sector Development Project Loan (USSDPL)

In order to enhance investment of SMEs in productive sector Uttara Bank PLC. introduced a new product named “Uttaran SME Sector Development Project Loan (USSDPL)" to the new as well as BMRE projects.

 

Category / Loan type:Term Loan

Purpose :To procure

• Fixed Assets, including Machinery & Equipment andFactory buildings and related civil works.
• Technical know how, Consultation Services & Training3) For RMG Sector – retrofitting, rebuilding & relocation of the factory buildings.

 

Customer Eligibility :

• Must be a Business Concern.
• Must be a Current Account Holder of the Bank.
• Up dated clean CIB Report.

 

Security :

• Registered Mortgage of Land & Building
• Personal Guarantee of the Owner(s)/ Directors.
• Post dated cheques.
• Other Securities as acceptable to the Bank

 

Repayment : Equal Monthly Installment .

Interest Rate : Market Competitive

 

Required Documents :

• Valid Trade License.
• Up to date TIN Certificate.
• KYC
• Regulatory papers
   

Loan Tenor :1 to 8years .

Debt Equity Ratio : a) 10% by the Sponsor b) 15% by the Bank and 3) 75% by the JICA fund of Bangladesh Bank.

 

 

*condition will apply