STANDARD BANK LIMITED OTHERS PROJECT

Product Name:
i) AGRI/RURAL CR. OTHERS (Code- L- 38)
ii) AGRI/RURAL CR. OTHERS (Code- C-55)

Purpose of Loan: Financing the Farmers /Entrepreneurs for mashrum project & bee keeping & some other agri project.

Loan Limit without collateral security: Maximum Tk.1.00 Lac.

Loan Limit with collateral security: Maximum Tk.5.00 Lac.

Tenure: As per crops production & harvesting time, it will be fixed.

Rate of Interest: 11% (Subject to change by Bangladesh Bank)

Service charges/ Fees for the facility: N/A

 

Security :

i. DP Note

ii. Letter of hypothecation & mortgage of crops.

iii. Guarantee bond of the spouse of the borrower & other acceptable third party.

iv. Post dated cheque.

v. Other usual Charge documents.

 

Documentation:

i. Party application

ii. National ID

iii. Passport size color photograph.

iv. Farmer’s card/ UP Chairman certificate favoring farmer.

v. Guarantor’s information & their consent.

vi. Production plan duly sign by the Upazila Agriculture Officer.

vii. Credit report/Confidential Opinion from Local Lead Bank.

viii. CIB Report for Limit above Tk.1.50 Lac.

ix. Documents related to collateral security (If applicable)

x. Others related documents.