IFIC Shohoj Rin

IFIC Shohoj Rin

Product Introduction:

IFIC Shohoj Rin cater to a wide range of businesses for cottage industries, micro-enterprises, small and medium-sized enterprises by providing collateral-free CMSME loans for working capital, Fixed asset acquisition, business expansion, renovation, business development, enhance productivity, competitiveness, and innovation.

Re-finance and Pre-finance facility available upon eligibility and availability


  • Specifically designed to bolster the CMSME (Cottage, Micro, Small, and Medium Enterprises) sector.
  • Providing financial assistance for CMSME Sector
  • Empowers CMSME Sector to expand operations, create jobs, boost domestic production.
  • Contribute to the overall economic growth of the country.

Customer Segment:

  • Low-income individual, Natural disaster affected people, entrepreneurs, grassroots women entrepreneurs, any person involved in business related income generating activities.
  • Cottage, Micro, Small and Medium sized business enterprise/industry, involved in Trading/Manufacturing/Service business.

Customer Type:

  • Individual
  • Enterprise / Industry (With Trade license)


  • Financial requirement for business related income generating activity.
  • To meet financial requirement for Fixed assets purchase / Working capital requirement /Business, Extension/ Decoration/ Renovation/ Business development (Start Up/Existing) /Building inventory for business.


Nature of Loan:


For any purpose:

  • Term Loan
  • Overdraft (For Working Capital)
  • Demand Loan (Revolving/One off)

For Business development (Start Up) purpose:

  • Term Loan



  • Low-income individual, Natural disaster affected people, entrepreneurs, grassroots women entrepreneurs, any person involved in business related income generating activities.
  • Enterprise should be cottage, micro, small or medium size engaged in Trading/Manufacturing/Service concern.
  • Enterprise must have a valid Trade License.
  • At least 1 year experience in same profession/business/income generating activity.
  • Must be a permanent resident in area of business activity for at least 01 year or having ownership deed/Possession/Rental Agreement (5 year) of working premises.
  • In case of new entrepreneur successful training completion certificate is required from Govt. institute or competent authority approved private training institute on Entrepreneurship Development, Business Direction, Marketing and other vocational training like production, processing, and mechanics for startup business development.


  • Minimum age 18 (Eighteen) years
  • Maximum age 60 (Sixty) years
  • For Business development (Start Up) purpose:
  • Minimum age 21 (twenty-one) years
  • Maximum age 45 (Forty-Five) years



Loan Amount:

  • Minimum: BDT. 5 Thousand.
  • Maximum: BDT. 5 Lac.

Loan Tenor:

  • 1 to 3 Years

Loan Repayment Method:

  • Term Loan:
    • By equal monthly installments.
    • For Business development (Start Up): Quarterly/Half-Yearly
  • Overdraft: Lump sum with interest within maturity
  • Demand Loan (One off/Revolving): At one go with interest at maturity or in Lump sum within expiry of loan


Interest Rate:


  • Please contact us for query (16255)/ 09666716255 or visit any Branch/Uposhkaha of IFIC Bank PLC.


Required Documents:


General Documents


  • 2 (Two) copies passport size attested photograph of borrower/ Partners/ Directors as well as guarantor(s).
  • Copy of NID of both borrower & guarantor (Where applicable)


Note: In case of unavailability of NID of borrower:


Copy of Passport/Birth Certificate with additional photo ID/Driving license (Verified by original copy) may be obtained instead of NID.


  • Valid Trade License for Enterprise/Industry
  • Up to date clean CIB report
  • Self-Declaration of customer on monthly income if no supporting income document available
  • Net Worth Statement of the borrower & guarantor.
  • Bank statement for last 12(twelve) months (if available).
  • Proof of Permanent Residency (Holding Tax, Rent Paid Receipt, Utility bill copy, NID, TIN or other ancillaries) where applicable
  • Up to date clearance /License/NOC from the competent authority related to business where applicable (If any)
  • Updated tenancy/rental deed if the borrowing concern/its godown situated at rented premises (if any)
  • Periodical Stock Report (if any)
  • Original copy of vocational training institute in case of new entrepreneur of startup business development


For proprietorship:

  • No additional documents required.

For Partnership Firm:

  • Registered Partnership Deed (with RJSC/RJSF) along with certificate of partnership Firm.
  • Up to date list of partners