EBL launches SME loans
Monday, 17 September 2007
FE Report
Eastern Bank Ltd has launched a new loan product named "EBL Agreem" under its SME banking. Small and medium business enterprises shall be able to avail this short-term loan facility for meeting their immediate working capital needs.
The special features of the new product are: it can be availed for any legal business purpose, and loan facility minimum is BDT 200,000 and maximum BDT 950,000. No collateral security is required. The loan tenure is one month to 6 months. Payment is single shot payment at maturity but interest will be realised on monthly basis and partial payment and early payment will be allowed. No additional fee is required.
Any successful enterprise with minimum two years in the same or relevant business can apply for the loan. Business cash flow to support the proposed loan in one shot, necessary documents of business, bank account in the name of the enterprise or the entrepreneurs and personal guarantee are required.
Eastern Bank Ltd has launched a new loan product named "EBL Agreem" under its SME banking. Small and medium business enterprises shall be able to avail this short-term loan facility for meeting their immediate working capital needs.
The special features of the new product are: it can be availed for any legal business purpose, and loan facility minimum is BDT 200,000 and maximum BDT 950,000. No collateral security is required. The loan tenure is one month to 6 months. Payment is single shot payment at maturity but interest will be realised on monthly basis and partial payment and early payment will be allowed. No additional fee is required.
Any successful enterprise with minimum two years in the same or relevant business can apply for the loan. Business cash flow to support the proposed loan in one shot, necessary documents of business, bank account in the name of the enterprise or the entrepreneurs and personal guarantee are required.