Business enterprises (other than public limited company) against pledge of financial instruments i.e. FDR, MIS, PSS Account, ICB Unit Certificate, WEDB, NFCD, Share Certificates & any other Govt. security eligible for credit facilities.
Lending against Fixed Deposit (FD) of IFIC Bank (All FD/FD scheme) - FD Rate + 2.00%.
Lending against other Financial Obligation (Pension Saving Scheme/Govt. approved securities/ICB Unit certificate/WEDB/ NFCD/Share) - FO Rate + 3.00% (Min. 12.00%)
Maximum 12(Twelve) month (Renewable)
Shortest possible processing time & least formalities
Lump sum within validity
The growth of Small and Medium Enterprises (SMEs) in terms of size and number has multiple effect on the national economy, specifically on employment, GDP growth, and poverty alleviation in Bangladesh. IFIC Bank is also a partner of SME sector development of the country.