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Agriculture Loan Medium Term Green Banking

Overview:

Due to deficiency of supplies of electricity and gas in Bangladesh, desired overall development is being interrupted. Electricity and gas development plant installation is a long term process. That's why to deal with this crisis and increase the usage of solar energy, bio-gas and effluent treatment plant, Green Banking credit program was launched.


Term:

upto 60 months


Interest Rate:

9%
For Solar PV Assembly Plant 8%


Loan Process Fee:

0.5% but not more than 2,00,000/-



Deed Process Fee:

0.5% but not more than 1,00,000/-


Security Type:

1. Collaterals Collection Required more than 70000 for loan limit.
2. Installed machinery/Plants/goods will be Hypothecated to Bank.
3. Post dated Cheque will have to be taken as per Schedule number.
4. 1 undated Cheque of total loan.
5. If loan limit less than 70000 then 1 guarantor must be requried.


Loan Limit:

Upto 20,00,00,000/-


Eligibility:

1. must be adult Bangladeshi citizen.
2. Age must be between 18 to 60 years old.
3. Involved in renewable fuel and environment friendly financing sector.
4. Capable to give collaterals.


Documentation:


Details Information:

Contact nearest branch.


N.B. : Rate of interest is variable time to time by the Bank Interest Rate Principles.