Dhaka, Bangladesh (BBN) – National Bank Limited (NBL) is popularising its two products for SME and agriculture sector at the Banking Fair Bangladesh-2015 to attract the fresh entrepreneurs across the country.
The SME product is ‘NBL Nobouddog’ and the fresh entrepreneurs, who have no business experiences, will be allowed to get credit facility from the bank, Md Rafique Rezoan, senior executive officer of National Bank, told BBN at the fair on Wednesday.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday aiming to build a banking nation through boosting the ongoing financial inclusion campaign in Bangladesh.
Under the ‘NBL Nobouddog’, the entrepreneurs will take loan maximum BDT 1.0 million without placing any collateral. The interest rate of the product has been fixed at 10 per cent as the bank will disburse the loan after receiving the fund from the central bank’s refinance scheme.
The repayment tenure of the loan is three-year but the clients will be allowed to get the full amount of loan again if they repay the loan before end of the tenure.
The bank is also highlighting another credit product for the farmers namely ‘NBL Trinamul Uddog’ at the fair, the bank official added.
Under the product, the farmers will be able to take loan maximum BDT 0.50 million with an interest rate of 9.50 per cent. The tenure of repayment of the loan is one-year.
BBN/SSR/RZ