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Uttaran Small Business Loan

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Uttara Bank Limited introduces this special loan scheme to help real businessmen those have entrepreneurship, initiative, sincerity, honesty to expand and run their business smoothly under Small Enterprise category. This EMI repayment loan is suitable for all kinds of local people involved in genuine established business which is maximum 5 years tenor.

Loan Type/ Category
Term Loan

Purpose

• To help the genuine businessmen having entrepreneurship, initiative, sincerity, honesty to expand and run their business smoothly under Small Enterprise category.
• To enable a section of people having small capital to do business with the help of Bank Finance.
• To improve the banking habit of self employed persons of the society.
• To contribute towards development of socio-economic condition of the country.

Repayment

• Equal Monthly Installment.

Interest Rate

• Market Competitive

Loan Tenor

• 1 years to 5 years.

Debt Equity Ratio

• 70 : 30

Customer Eligibility

• Must be a growing Business Concern.
• At Least 2 Years Business History.
• Must be a Current Account Holder of the Bank.
• Up dated clean CIB Report.

Required Documents

• Valid Trade License.
• Up to date TIN Certificate.
• KYC.
• Regulatory papers.

Security

• Registered Mortgage of Land & Building.
• Personal Guarantee of the Owner(s)/ Directors.
• Post dated cheque.
• Other Securities as acceptable to the Bank.

* Condition Apply
Uttara Bank may change, add or remove any conditions any time without notification.

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About Uttara Bank PLC

Uttara Bank PLC is one of the largest and oldest private sector commercial banks in Bangladesh. At the time of its establishment, it was named "Eastern Banking Corporation". After the liberation war of Bangladesh, the bank was nationalized. In 1983, it became the first privatized bank of Bangladesh. It operates through 223 fully computerized branches ensuring best possible and fastest services to its valued clients and also affiliated with nearly 600 financial institutions worldwide.