Dhaka, Bangladesh (BBN) – Modhumoti Bank Limited (MMBL) has introduced a campaign titled 'Boishakhi Joyeeta' to promote its women entrepreneurs loan 'Modhumoti Labonnyo, the private commercial bank said on Wednesday.

The campaign was launched for the month of April within the bank's six branches and headquarters.

Under the offer, 1.0 percent interest rate will be reduced from the existing rate of interest of the loan product.

Besides, service charge and loan processing fee will also be free. Women entrepreneurs having experience of successfully managing businesses for at least two years can be able to apply for the loan.

Highest ceiling of the loan is BDT 5.0 million, maximum tenure 12 months for continuous loan and 60 months for term loan, the bank added.
The new generation bank introduced a privilege banking campaign titled “Freedom” for the month of March to facilitate Freedom Fighters. Such initiative for Freedom Fighters was taken for the first time in Bangladesh.

Currently, all Freedom Fighters are honored by providing 0.25 percent more interest on their deposit while 0.25 percent interest deducts for their loan portfolios in the commercial bank.  

The MMBL vision is to lead the new generation of local commercial banks by excelling in customer delivery through insight, empowered employees, smart use of technology and a full range of highest quality products and services.

BBN/SSR/AD-03Apr14-1:12 am (BST)