Our Business Financial Services (BFS) is now SME Banking. SME Banking supports the banking needs of Small & Medium Enterprises (SMEs). This is a one-stop solution for all sorts of banking requirements. SME Banking offers the following products:
Business Loan
Overdraft facility
Trade Finance & Working Capital
Overdraft Facility
Overdraft facility can be offered up to 95% of the fixed deposit maintained with Standard Chartered Bank. Interest rate on overdraft would be within the range from 10% - 13% p.a.
Business Loan
Business Loan (partially secured) is for asset financing such as Machinery, vehicles, long-term working capital needs.
Features of Business Installment Loan:
Maximum & minimum loan amount is BDT 1.2 M and BDT 5M respectively.
Maximum Tenor: 5 Years
Interest rate:
Loan Amount
Tenor
Interest Rate
BDT 1.2M to 2M
36 Months
14.00% P.A.
BDT 2M to 5M
60 Months
15.00% P.A.
Who can apply?
Business house whose annual sales turn over is minimum 6M and maximum up to 600M
Minimum Income: BDT 82,000
Requirements:
3 years of operational experience in business (Evidence through Trade License, Certificate of Incorporation)
Trade Finance & Working Capital
It is our continuous endeavors to promote & support SME business, Standard Chartered Bank, Bangladesh is now offering full range of product suits through introduction of Trade Finance & Working capital to SME Customers. A complete business solution for SMEs. Under this program, SME owners having 3 years of business establishment or more, and cash profits in 2 out of last 3 years can apply. The product ranges are:
Briefly, the non-funded facilities will include:
Letters of credit ?Sight & Usance
Guarantees ?performance, advance payments, financial and shipping
Forex forward
Funded facilities will include:
Loans (including Import loans & Loans against Trust Receipts)
Overdrafts (including revolving credits and short term advances)
Purchase / discount / negotiation of inward and outward bills
Pre shipment financing
Other trade products that include:
Confirmed export LC
Transferable LC
Discounting of bank accepted bills (Both Local & foreign)
LC Advising and amendments
For details please contact our Relationship Manager on +88 0 2 9550181 Ext: 114 or our 24-hour Call Centre +(88 0 2) 8961151, +(88) 0 173 041400-19.
Terms and conditions apply
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Our Business Financial Services (BFS) is now SME Banking. SME Banking supports the banking needs of Small & Medium Enterprises (SMEs). This is a one-stop solution for all sorts of banking requirements. SME Banking offers the following products:
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