ABBL Sathi Loan – SME Loan Scheme
AB Bank Limited introduces the ABBL Sathi Loan, a financing facility aimed at helping small and medium-sized businesses meet their regular and additional requirements. This loan is specifically designed to support CNG Refueling conversion, light engineering projects, and project finance needs. With a maximum loan amount of BDT 5,00,00,000 and an attractive EMI repayment option, this loan is a great choice for businesses looking to grow.
Key Features of ABBL Sathi Loan:
- Purpose:
- A term loan designed for CNG refueling conversion, light engineering, or project finance needs, including both funded and non-funded components (package deals).
- Loan Amount:
- Maximum BDT 5,00,00,000.
- Tenor:
- The loan has a maximum tenor of 5 years.
- Repayment:
- The loan is repaid through EMI payments, with a moratorium period of up to six months.
Determination of Loan Limit:
- The loan amount will be a maximum of 90% of the value of the imported and/or locally procured machinery.
Security and Collateral:
- Hypothecation of machinery, stock, and/or receivables.
- Registered mortgage of project land and buildings, with the possibility of additional land if required.
- Personal Guarantee (PG) of the spouse of the proprietor or the directors.
Why Choose ABBL Sathi Loan?
- Tailored for project finance needs, especially for industries like CNG refueling and light engineering.
- Flexible terms and repayment options to support business growth over 5 years.
- Attractive loan-to-value ratio of 90% for procurement of necessary machinery and equipment.
For more information or to apply for the ABBL Sathi Loan, please visit your nearest ABBL branch during working hours.
Click to download SME Loan Application Form here.
AB Bank may change, add or remove any conditions any time without notification.
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