IFIC Bank offers Krishi Saronjam Rin to individual /Group at micro level for purchasing of agricultural machinery like new power tiller/power tiller with plough (tractor), single cylinder tractor with plough, power tiller with trolley, Rotavator etc.

Eligibility

• Any individual /Group (minimum 02 member maximum 10) aged above 18 years and below 60 years at the time of sanction of loan.
• At least 3 years involved in agro-based production.
• Having homestead and permanently living in the area.

Loan Size

• Minimum Tk.50,000/-
• Maximum Tk.1,500,000/

Loan Period

• Minimum 12 (Twelve) months.
• Maximum 36 (Thirty six) months.

Nature of the Loan

• Lease Financing / Term Loan.

Repayment

• Equal Monthly Installment.

Collateral Security

• Collateral security not required for loan upto Tk. 1,000,000/-

Quick Processing & least formalities.