SME financing by MBL
Mercantile Bank Limited
SME Financing Division
Mercantile Bank Limited has designed and developed four loan products to meet up all types of justified business requirements of SME customers. However, the features of the products so far developed may be changed, revised, while new products can also be developed to cope with the market demand as per guidelines of Bangladesh Bank and the Bank’s own policy. The products are:
CHAKA “PvKvÓ (Term Loan).
ANANNYA “Abb¨v” (Women Entrepreneur’s Loan).
SAMRIDDHI “mg„w×” (Continuous Loan).
MOUSUMI “‡gŠmywg” (Short Term Single Payment Seasonal Loan).
SME financing products at a glance
Features of SME Products
SME Products
CHAKA “PvKvÓ (Term Loan)
ANANNYA “Abb¨v” (Women Entrepreneur’s Loan)
SAMRIDDHI “mg„w×” (Continuous Loan).
MOUSUMI “‡gŠmywg” (Short Term Single Payment Seasonal Loan).
Loan Amount
Tk 0.50 -70.00 lac for SE
Tk 0.50 -50.00 lac for SE
Tk 0.50 -50.00 lac for SE
Tk 0.50 -50.00 lac for SE & ME
Tk 0.50 -100.00 lac for ME
Tk 0.50 -100.00 lac for ME
Tk 0.50 -100.00 lac for ME
Tk 0.50 -100.00 lac for ME
Segment
SE & ME
SE & ME
SE & ME
SE & ME
Purpose
For justified business requirements.
For justified business requirements.
For working capital requirements.
For justified business requirements.
Tenure
1 - 5 years
1 - 5 years for term loan.
1 year on revolving basis for CC (H)
1 year
Maximum 9 months
Grace period
Maximum 6 months
Maximum 6 months for term loan
Nil
N/A
Interest rate
15%-17% p.a applicable as per mode of financing.
10% p.a
15%-17% p.a applicable as per mode of financing.
15%-17% p.a applicable as per mode of financing.
For women ent. 10%
Financing Mode
Term Loan, LTR, Lease Finance, Hire Purchase, Others
Term loan, CC (Hypo), LTR, Lease Finance, Hire Purchase, Others
CC (Hypo), SOD (General), SOD (EM/Bid Bond/BG), Others
Term Loan
Repayment
EMI or at lump sum on or before expiry as applicable
EMI or at lump sum on or before expiry
SME Financing Division
Mercantile Bank Limited has designed and developed four loan products to meet up all types of justified business requirements of SME customers. However, the features of the products so far developed may be changed, revised, while new products can also be developed to cope with the market demand as per guidelines of Bangladesh Bank and the Bank’s own policy. The products are:
CHAKA “PvKvÓ (Term Loan).
ANANNYA “Abb¨v” (Women Entrepreneur’s Loan).
SAMRIDDHI “mg„w×” (Continuous Loan).
MOUSUMI “‡gŠmywg” (Short Term Single Payment Seasonal Loan).
SME financing products at a glance
Features of SME Products
SME Products
CHAKA “PvKvÓ (Term Loan)
ANANNYA “Abb¨v” (Women Entrepreneur’s Loan)
SAMRIDDHI “mg„w×” (Continuous Loan).
MOUSUMI “‡gŠmywg” (Short Term Single Payment Seasonal Loan).
Loan Amount
Tk 0.50 -70.00 lac for SE
Tk 0.50 -50.00 lac for SE
Tk 0.50 -50.00 lac for SE
Tk 0.50 -50.00 lac for SE & ME
Tk 0.50 -100.00 lac for ME
Tk 0.50 -100.00 lac for ME
Tk 0.50 -100.00 lac for ME
Tk 0.50 -100.00 lac for ME
Segment
SE & ME
SE & ME
SE & ME
SE & ME
Purpose
For justified business requirements.
For justified business requirements.
For working capital requirements.
For justified business requirements.
Tenure
1 - 5 years
1 - 5 years for term loan.
1 year on revolving basis for CC (H)
1 year
Maximum 9 months
Grace period
Maximum 6 months
Maximum 6 months for term loan
Nil
N/A
Interest rate
15%-17% p.a applicable as per mode of financing.
10% p.a
15%-17% p.a applicable as per mode of financing.
15%-17% p.a applicable as per mode of financing.
For women ent. 10%
Financing Mode
Term Loan, LTR, Lease Finance, Hire Purchase, Others
Term loan, CC (Hypo), LTR, Lease Finance, Hire Purchase, Others
CC (Hypo), SOD (General), SOD (EM/Bid Bond/BG), Others
Term Loan
Repayment
EMI or at lump sum on or before expiry as applicable
EMI or at lump sum on or before expiry