Shech Saronjam Rin

Shech Saronjam Rin

IFIC Bank offers Shech Saronjam Rin to individual /Group at micro level for purchasing of irrigation machinery like Shallow tube well, Deep tube well, Motor pump, Generator etc.


  • 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.20,000/-
  • Maximum Tk.1,000,000/-

Loan Period

  • Minimum 12 (Twelve) months.
  • Maximum 36 (Thirty Six ) months upto Tk.3.00 lac
  • Maximum 60 (Sixty) months (More than Tk.3.00 lac)

Grace Period

  • 06 (six) months grace period.

Nature of the Loan

  • Term Loan


  • Equal Monthly Installment.

Collateral Security

  • Collateral not required for loan upto Tk. 100,000/-

Quick Processing & least formalities