Agrani Bank – Short Term SME Loan

What is Agrani Bank Short Term SME Loan?

Short Term SME Loan is a term loan and can be used for small businesses with minimum 3 years of experience in trade.

Agrani Bank emerged as a Nationalized Commercial Bank following the Bangladesh Banks (Nationalization) Order 1972 vide President’s Order No. 26 of 1972 under which former Habib Bank Limited and Commerce Bank Limited and renamed as Agrani Bank. The Bank was incorporated as a State-owned Commercial Bank on 17 May 2007 under the Companies Act 1994. On a going concern basis, Agrani Bank Limited took over the business, assets, liabilities, rights and obligations of Agrani Bank through a vendor’s agreement signed on 15 November 2007 between the Ministry of Finance of the People’s Republic of Bangladesh and the Board of Directors of ABL with retrospective effect from 01 July, 2007.

Agrani Bank Short Term SME Loan in Brief:

• Short Term Loan
• Loan for small business
• 3 years’ experience in trade
• Age Limit 18-60 years
• Loan limit up to 3.00 lac
• Interest Rate 9% (changeable)
• Personal guarantee, guarantee of a solvent person and guarantee of clients Father/Mother/Wife/ Husband required
• Period 2 years and payment monthly installment
• Easy loan processing