sonalibank.com.bd Apply for SME Loan Bangladesh Small & Medium Enterprise : Sonali Bank

Organization : Sonali Bank Limited
Facility : Apply for SME(Small & Medium Enterprise) Loan
Country : Bangladesh

Website : http://www.sonalibank.com.bd/sme.php

Sonali Bank SME Loan

Sonali Bank Limited emphasizes highest priority on SME financing for eliminating poverty by increasing SME loan flow at economically underdeveloped area and peoples.

Related : Sonali Bank Apply For Savings Account Bangladesh : www.statusin.org/6773.html

Setting up priority base SME credit Policy for Women and underprivileged entrepreneurs, Sonali bank working for the improvement of their socio-economic condition.

Lending Policy :
1) Loan Limit :
BDT 50,000/-(Fifty thousand) to BDT 500,000,00/-(Five crore)

2) Criteria of Borrower :
** Bangladeshi Citizen minimum 18 (eighteen) years old;
** Loan defaulter, Bank-rupt, Mentally wreaked person cannot apply for loan;
** Women Entrepreneurs highly encourage to apply.

3) Nature of Project/Enterprise :
** Proprietorship Enterprise;
** Registered Partnership Enterprise;
** Private Limited Company;
** Joint Venture Company except Public Limited Company.

4) Security :
** The collateral security free loan limit for male entrepreneurs is upto Tk. 5 lac.
** The collateral security free loan limit for women entrepreneurs is upto Tk. 10 lac.

5) Period :
** Project/Term Loan: Maximum 5 years (project period may flexible according to Project nature)
** Working capital/Trading Loan : 1 year, renewable at the end of period.

6) Loan : Equity Ratio
** Project/Term Loan: 70:30
** Working capital/Trading Loan : 75:25

7) Repayment procedure :
** Project/Term Loan: monthly/quarterly basis repayable within loan period.
** Working capital/Trading Loan: Daily basis or fully repayment within loan period.

Personal Banking :
** Sonali Bank Limited extends all the major personal banking facilities and services to its customers with its skilled manpower and largest network of around 1208 branches covering all the urban and remote rural areas of Bangladesh.

** Sonali Bank Limited provides Local & Foreign Remittance in quickest possible time. Foreign remittance is available in both T.C. & Taka draft.

1. Transfer of fund from one branch to another by
** Demand Draft
** Mail Transfer
** Telegraphic Transfer

2. Transfer of fund on Standing Instruction Arrangement.
3. Collection of cheques through Clearing House/beyond Clearing House.
4. Issuance of Payment Order / Call Deposit.
5. Locker facilities for safe keeping of valuables
6. Corporate Client Services with computerized system at selective branches.

Savings A/C :
** Any Bangladeshi National residing home or abroad may open savings account with Sonali Bank Limited.

** The account may be opened in single/joint name.
** The account holder may nominate his nominee in this account.
** The nominee can get the balance amount after the death of account holder.

Features :
** Minimum amount : Taka 500.00
** Rate of Interest : deposit_urban – deposit_for_rem details
** Free Cheque-Book facility.

** Quick deposit foreign remittance.
** Transfer of fund from one branch to another branch.
** Transfer of fund on Standing Instruction Arrangement.
** Collection of cheques through Clearing House.

Require Documents :
** Account opening form as per format download above.
** The account opening form and signature card to be filled in and duly signed and verified by the Bangladesh Embassy.

** Two copies passport size photographs of the account holder and one copy Passport size photograph for each nominee.
** Photograph of nominee duly attested by the account holder.

** Photocopy of first 7 pages of the passport for non-resident Bangladeshi national attested by the Bangladesh Embassy abroad.
** Signature in the account opening form/card must be same with the signature of the passport.
** Birth/Citizenship Certificate.