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SME Asset Products
IFIC - Shilpo Sohay
IFIC - Prantonari
(Women Entrepreneur's Loan)
IFIC - Protyasha (Women Entrepreneur's Loan)
Commercial House Building Loan
Transport Loan
Working Capital Loan
Easy Commercial Loan
Contractor's Loan
Bidder's Loan
Loan against Trust Receipt
Loan against Imported Merchandize (LIM)
Letter of Guarantee
Letter of Credit
SME Liability Products
Monthly Income Scheme - Arjon
Monthly Savings Scheme - Joma
IFIC Green Earth
Any business purpose loan for business enterprises (other than Public Limited Company) incorporated in Bangladesh engaged in manufacturing or trading or service business.
Business enterprise having two years experience in existing business.
Monthly cash flow to support proposed loan installment.
Nature of the Loan
Term Loan
Monthly Repayment facility.
Loan Size
TK. 200,000/- (Taka Two Lac) to Tk.5,000,000/- (Taka Fifty lac)
No Collateral security, Loan above Tk.500,000/-(Taka Five Lac) is to be collaterally secured by legal mortgage of immovable properties.
Loan Period
Maximum 36 (thirty six) months for loan upto Tk.5.00 lac.
Maximum 60 (sixty) months for loan above Tk.5.00 lac
Interest Rate
15.50% p.a. (1.00% above without any security) with quarterly rest or as revised from time to time.
Loan Processing Fees
Tk.2000/- upto Tk.5 lac, Tk.3000/- above Tk. 5 lac
Service Charge
0.25% on Loan amount, Max: Tk. 7,500/-
Penal Interest
Additional 3% on the overdue/ excess over limit amount, if any.
Required document/condition
1 (One) copy passport size photograph of borrower/ Partners/Directors as well as guarantor(s).
Valid Trade License.
TIN Certificate.
Bank statement for last 6(six) months.
Declaration of Net Worth of the borrower.
Duly signed and crossed post dated cheques in favour of bank branch for each instalment and one undated cheque for full loan value including full interest.
Financial statement.
Original Deed, if required.
Bia Deed, if required.
CS, SA, RS & Hal parcha, if required.
Mutation with DCR, if required.
Upto date rent receipt, if required.
Site Map/Mouza Map/approved plan of Construction, if required.
Khajna Receipt & Municipal Tax Receipt, if required.
Non-encumbrance certificate and Search report from Panel Lawyer, if required.
Up to date clean CIB report.
Registered Partnership Deed (in case of partnership firm).
Memorandum & Articles of Association with certificate of incorporation duly certified by RJSC (in case of private limited companies).
Upto date list of Directors duly certified by RJSC (Form XII).
NOC from Directorate of Environment, where required.
Shortest possible processing & least formalities.
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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