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Seasonal Loan
This loan is designed to meet financing need for emergency business expansion during the festival (i.e. –Eids, Pujas, Christmas, Bengali and English New Year, etc.)
Basic Information
|
Target Customer |
Loan Limit |
Tenor |
Interest Rate |
Clothing shop owners
Seasonal fruit businessman
Other businessman whose sales increases seasonally |
From BDT 50,000 to BDT 10,00,000 depends on type & size of business.
(may differ from bank to bank) |
1 months to 12 months
(may differ from bank to bank) |
15% to 17% yearly
(may differ from bank to bank & revised from time to time.) |
Eligibility
- Having two years of related business experience
- Having valid trade license
- Business support to proposed loan repayment
- Relevant pre-requisites to be fulfilled as desired by the bank from time to time
List of some banks which have Seasonal Loan product
|
Bank Name |
Product Name |
| Dutch-Bangla Bank Ltd. |
DBBL Festival Loan |
| Eastern Bank Ltd. |
EBL Agrim |
| Meghna Bank Ltd. |
Meghna Moushumi Rin |
| Modhumoti Bank Ltd. |
ModhumotiMoushami |
| Mutual Trust Bank Ltd. |
MTB Mousumi |
| Prime Bank Ltd. |
Moushami Rin |
| Bangladesh Commerce Bank Ltd. |
BCB Seasonal Loan |
| Bank Asia Ltd. |
Utshob – Seasonal Business |
| Trust Bank Ltd. |
Peak Season Loan |
Required Documents
- Passport size photograph of loan applicant
- Trade license
- TIN certificate
- VAT certificate (if applicable)
- Electricity Bill
- Telephone Bill
- List and total price of fixed asset
- List of creditors
- List of debtors
- Names of employees, salary, post and monthly salary sheet
- Last 1-3 years bank statement
- One year sales report and profit & loss account of the business
- Completed CIB form
- Current customers/clients list
- Photocopy of partnership deed registered with registrar of firm duly attested by notary public (for partnership firm)
- Photocopy of registration certificate duly attested by Notary Public in case of registered firm (for partnership firm)
- Letter of partnership duly signed by all the partners, in case of non-registered firm (for partnership firm)
- Resolution signed by all the partners to open the A/C (for partnership firm)
- Other documents as per bank requirement & nature of business
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