Uttaran Time Loan

The Board of Directors of UBPLC approved the introduction of a new loan product named as “Uttaran Time Loan” of the Bank. The Product Program Guidelines of the loan product are as follows:

Purpose of the Loan :

Working Capital to meet emergency financial needs for any business purpose (work order, seasonal business requirements, agricultural & rural business activities etc. or as deemed by the approval authority).

Allowable Limit :

Minimum: Tk. 5.00 Crore
Maximum: Up to Single Borrower Exposure limit as per Bangladesh Bank’s Instruction

Eligible Borrower :

At least 5 years business history with excellent track record.

Tenure :

(a) 120 days

(b) This tenure may be extended up to 180 days getting approved by the Managing Director.

Disbursement :

Uttaran Time Loan (UTL) facility shall be disbursed in multiple phases but the maturity of each disbursement shall be counted from the date of 1st disbursement.

Repayment Arrangement :

Principal & Interest will be repaid in different phases within the stipulated time.

Interest Rate :

10.00% p.a (rates to be applied may be ranged between ± 1% depending on risk involvement of the client) with quarterly rest subject to future change(s) that may be made by the bank from time to time.

Charges :

No charges shall be applicable for availing Uttaran Time Loan other than legal and government charges.

Availability Period :

Facility shall be available for disbursement up to 15 days before the date of expiry of the Uttaran Time Loan. At the end of availability period facility shall automatically be cancelled.

Security :

Normally facility shall be covered by 90% of the Market Value (MV) of eligible Collateral Security acceptable to the Bank. But the Approval Authority may have the options to relax the security requirement or to take any exposure within the facility without any collaterals on the basis of Banker Customer relationship depending on the risk nature of the customer. However, following Securities may be obtained to cover the facility:

Registered Mortgage of Land and Building with Irrevocable General Power of Attorney to sell the Mortgage Property.

Hypothecation of Stocks of the existing business with proper insurance coverage against all possible risks, if applicable.

A Post dated Cheque to be obtained covering the full amount of including up dated interest thereon.

Personal Guarantee with Personal Net Worth statement to be obtained from the owner(s)/Director(s) of the Firm/Company.

Others as deems necessary for covering the facility.

Exchange Rates

Mon, Jun 08, 2026 07:25 AM

Currency	Buying	Selling
USD	120.20	122.22
EUR	110.20	112.50

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