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
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Fixed Assets, including Machinery & Equipment andFactory buildings and related civil works.
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Technical know how, Consultation Services & Training3) For RMG Sector – retrofitting, rebuilding & relocation of the factory buildings.
Customer Eligibility :
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Must be a Business Concern.
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Must be a Current Account Holder of the Bank.
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Up dated clean CIB Report.
Security :
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Registered Mortgage of Land & Building.
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Personal Guarantee of the Owner(s)/ Directors.
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Post dated cheques.
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Other Securities as acceptable to the Bank
Repayment :
Equal Monthly Installment .
Interest Rate :
Market Competitive
Required Documents :
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Valid Trade License.
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Up to date TIN Certificate.
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KYC
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Regulatory papers
Loan Tenor :
1 to 8years .
Debt Equity Ratio :
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10% by the Sponsor
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15% by the Bank
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75% by the JICA fund of Bangladesh Bank.
*Condition will apply