STANDARD BANK CROPS ON SUBSIDIZED
Product Name: CROPS ON SUBSIDIZED INTEREST RATE (4%) (Code- LA2).
Purpose of Loan: Financing the Farmers for timely cultivation of pulses, oilseeds, spices, maize etc. to reduce importing of those.
Loan Limit without collateral security: Maximum 5.00 Lac
Loan Limit with collateral security: As per production cost.
Loan Limit per acre: As per Bangladesh Bank Policy Guide Line.
Tenure: As per crops production calendar & loan repayment index of Bangladesh Bank Agricultural & Rural Credit Policy & Programme.
Rate of Interest: 4% (6% compensation from Bangladesh Bank)
Service charges/ Fees for the facility: N/A
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.
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.