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SME Asset Products
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IFIC Green Earth
Loan for Agro-based Industries
The loan product has been designed for Small & Medium Enterprises engaged in business of Rice Mill (semi-automatic, automatic), Flour Mill, Oil Mill, Feed Mill, Milk processing, Food and Fruit processing unit/ industry and other rural based Agro-processing industry as defined by Bangladesh Bank.
Term loan, OD & Continuous Credit will be provided to the above sectors applicable for the project located other than all Divisional & Narayanganj Town.
Interest rate as set by ALCO from time to time if refinance is not available from Bangladesh Bank.
Business enterprise having minimum 2 (two) years business experience in existing business.
Monthly cash flow to support proposed loan repayment
Personal Net Worth must have to exceed the loan amount.
Nature of the Loan
Term Loan/ Lease Finance / OD / CC/ Demand Loan.
Loan Limit
Small: Upto Tk.50.00 lac (with collateral)
Medium: Above Tk.50.00 lac to maximum Tk.5.00 crore (with collateral).
Loan Period
Maximum 60 (sixty) months for Term Loan & Lease Finance.
Maximum 12 (twelve) months for OD & CC.
Maximum 04 (Four) months for Demand Loan.
Grace Period
Maximum 6 (six) months for Term Loan.
Interest Rate
@10% p.a. with quarterly rest for Term loan, OD & CC if refinance available from Bangladesh Bank (applicable for the project located other than all Divisional Town & Narayanganj Town) or
Interest rate as set by bank from time to time if refinance is not available from Bangladesh Bank.
By equal monthly installments effective from completion of grace period in case of Term Loan & Lease Finance.
OD, CC & Demand Loan to be adjusted within the validity.
*Conditions apply.
SME Banking
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.
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