Dhaka, Bangladesh (BBN) – Prime Bank Ltd is working to highlight two products at the Banking Fair Bangladesh-2015 to encourage clients for building home and invest in SME sector.
The bank is now disbursing maximum BDT 1.20 crore to clients to build home with an interest rate of 12.99 per cent, SM Aminul Haque, a junior officer of the Prime Bank, told the BBN during the ongoing fair.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.
The repayment tenure of the home loan is 15 years.
The product will help the clients to build their dream home as the interest rate is tolerable, the private banker said.
The Prime Bank also will disburse term loan to the SME clients with an interest rate of 15 per cent.
The maximum ceiling of the SME loan is BDT 3 crore.
Under the product, the women entrepreneurs will be allowed to take loan up to BDT 25 lakh without submitting any collateral securities with the bank, Mr Haque said.
The bank will provide the loan to the women entrepreneurs by taking fund from the central bank’s refinance scheme, he informed the BBN.