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Transport Business Loan
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Transport Business Loan
Transport Business Loan
Designed to purchase of road/water transport for commercial use.
Basic Information
|
Target Customer |
Loan Limit |
Tenor |
Interest Rate |
| Any transport businessman who have legal business papers & capability to return money to bank. |
From BDT 5, 00,000 to BDT 5, 00, 00,000 depends on type & size of business.
(may differ from bank to bank) |
24 months to 60 months
(may differ from bank to bank) |
13% to 15% yearly
(may differ from bank to bank & revised from time to time) |
Eligibility
- Having two years of related business experience
- Valid Transport License & road permit
- Monthly cash flow to support proposed loan installment
- Relevant pre-requisites as required by the bank from time to time
List of some banks which have Transport Business Loan product
|
Bank Name |
Product Name |
| Social Islami Bank Ltd. |
HPSM – SME (Transport) |
| Jamuna Bank Ltd. |
Jamuna Jantrik |
| IFIC Bank Ltd. |
Transport Loan |
| Islami Bank Banglaesh Ltd. |
Transport Investment Scheme (TIS) |
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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