Dhaka, Bangladesh (BBN) – FAS Finance and Investment Ltd, a non-bank financial institution, is working to popularise its SME products at the Banking Fair Bangladesh-2015.
The non-bank financial institution (NBFI) came with it as it will disburse a large amount of loan to its clients under the SME product.
The clients will be allowed to receive maximum loan amount of Tk 20 crore from the NBFI to expand their enterprises under the product, Tanvir Ahmed, a senior officer of FAS Finance and Investment Ltd, told the BBN during the ongoing fair.
The clients, who will receive SME loan under the product, will have to repay the loan by five years.
The female entrepreneurs, however, will be able to receive maximum credit amount of BDT 20 lakh without any collateral securities.
The rate of interest of the product is 10 per cent as the NBFI will disburse the loan by taking fund from Bangladesh Bank refinance scheme.
The repayment period is five year.
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.