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Startup Loan
This loan is usually designed for the new entrepreneur or entrepreneur who has minimum business experience.
Basic Information
|
Target Customer |
Loan Limit |
Tenor |
Interest Rate |
| Any start up potential entrepreneur |
From BDT 50,000 to 500,000
(may differ from bank to bank) |
24 months to 60 months
(may differ from bank to bank) |
13% to 15% yearly
If it is bank finance; 9% to 10% if it is re-finance from SME foundation
(may differ from bank to bank & revised from time to time.) |
Eligibility
- Valid business license
- Business proposal
- Relevant pre-requisites as required by the bank from time to time.
List of some banks which have Startup Loan product
|
Bank Name |
Product Name |
| Mutual Trust Bank Ltd. |
MTB Youth Line |
| NRB Bank Ltd. |
NRB YOUNG ENTREPRENEUR |
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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