Padma Bank

Features:

• To acquire Fixed Asset for the purpose of own business by CMSME clients
• Light Weight and Heavy Weight vehicle, carrying goods, used in business activities including Cargo, Water Vessel etc.
• Trailers, cranes and any other construction equipment / materials, spare parts etc.
• Any other Machineries/Plants/Equipment, Boilers etc.
• Public transport business e.g. passenger bus, taxi, three wheeler will not be financed under this product.
• Loan Limit:   1. Minimum: BDT 0.50 Million    2. Maximum: BDT 20.00 Million

Requirements:

• Request letter
• At least 02 quotation for price verification
•  In case of Lease invoice to be issued on favor of Padma Bank PLC. A/C. Client Name
• Bank statement for last 1 year
•  Business loan sanction letter and loan statement , if any, for one year
•  Last 3 years financial data with projected data covering loan tenor
•  Sales memo/Cash memo/MFSs statement/Purchase document as proof of business activity
•  List of Fixed asset, Machinery, Vehicles, Stock report, Payable and receivable report.

Eligibility:

• Male: Minimum age 23 years and maximum age 60 years
• Female: Minimum age 21 years and maximum age 55 years
• Proprietorship/Partnership or Limited liability