STANDARD SONALI FASAL
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Product Name: STANDARD SONALI FASAL (CROPS) (Code-L29)
Purpose of Investment: Financing the Farmers for timely cultivation of almost all types of crops (Season-wise).
Investment Limit without Collateral Security: Maximum 5.00 Lac
Investment Limit with Collateral Security: As per production cost.
Investment Limit per Acre: As per Bangladesh Bank Policy Guideline.
Tenure: As per crops production calendar & Investment repayment index of Bangladesh Bank Agricultural & Rural Credit Policy & Programme.
Rate of Profit: 11% (Subject to change by Bangladesh Bank)
Service Charges/Fees for the Facility: N/A
Security
- DP Note
- Letter of Hypothecation
- Guarantee bond of the spouse of the borrower & other acceptable third party
- Post-dated cheque
- Collateral security (where applicable)
- Other usual charge documents
Documentation
- Party application
- National ID
- Passport-size color photograph
- Farmer’s card/UP Chairman certificate favoring farmer
- Guarantor’s information & their consent
- Production plan duly signed by the Upazila Agriculture Officer
- Credit report/Confidential Opinion from Local Lead Bank
- CIB Report for Limit above Tk. 1.50 Lac
- Documents related to collateral security (if applicable)
- Others related documents