Like previous year, our management have set the loan disbursement Target of BDT 150 crore ( January to December 2024 ) through 10TK refinance scheme as per FID circular of Bangladesh Bank.
This refinance program will be managed through our “C” category unit offices (list attached) under Small Business South and North. In addition to these, our Emerging Small Business will also provide loan under this scheme. Following rules are to be followed for 10TK refinance scheme:
Prottasha C/A (CSPTS) or Agent Banking 10 TK account (ABPTS) must be opened by depositing 10TK only.
Stamp Charge will be BDT 700 for this loan, detail breakdown as below-
a. DP Note- BDT 100,
b. One 3rd Party Guarantor- BDT 300,
c. Combined General Loan Agreement (GLA)- BDT 300 (provided attached)
GLA includes letter of Lien & Set off, Debit Authority and Continuing Agreement; which we presently practice against our Druti Loan
Only one 3rd party Guarantor is allowed, no additional guarantor should be taken. (Stamp charge will be applicable for 3rd party Guarantor only, one Family Guarantor will be taken but no stamp charge will be applied)
Loan Processing Fees will be taken as per policy but No cash Collateral, Life & Fire Insurance, Hypothecation charge is allowed by Bangladesh Bank.
Loan limit BDT 4 lac to Maximum BDT 5 lac.
No Top-up facilities are allowed, customer will settle the existing loan from own source to avail the repeat loan.
No parallel loan will be allowed if customer is presently enjoying any loan in any Bank/NBFI. In such cases, existing loans must be closed by client first to avail this facility from us.
Nirman/Mess loan/School/Kinder-Garten loans are not allowed under this refinancing scheme.
Effective Date: January 1, 2024
Guideline:
All the Cash Collaterals against the unsecured SME Term Loans (New & Repeat) will be booked under Prachurjo Fixed Deposit Schemes for a tenor of 30 days which will be auto renewed at maturity along with the earned interests.
Applicable SME Loan Products for Cash Collateral
Anonno, Anonno Plus, Shomriddhi, Shabolombi, Nirman, Prabartan, Kuri, Druti, TARA Uddokta and all other unsecured term loan products.
The FD name is PRACHURJO and will be opened in FSPRA Scheme.
Circulated By
Syed Abdul Momen
DMD and Head of SME
BRAC Bank Ltd.
Effective Date: April 1, 2024
Guideline:
All loan applicants will submit a PDC Acknowledgment Form (attached) as part of their loan application process. This form will include the details of the cheque leaf numbers for the post-dated cheques (PDC) submitted, along with other necessary loan documents. The sanction letter will now include a new clause informing customers that once submitted the PDC, PDCs will not be returned to the client after closing the loan/ expires. As per process, BRAC Bank takes the responsibility to securely destroy the PDCs upon successful closing the loan. Both the loan applicant and the bank authority (Respective loan initiating officer/ Executive) will sign the PDC Acknowledgment Form, reinforcing our dedication to transparent and secure banking practices. A copy of this document will be provided to the client after signature from both parties, while preserving the main copy with other necessary loan documents, which are eventually sent to Asset Ops Team.
Click the following Link to see the documents:
Circulated By
SYED ABDUL MOMEN, DMD and Head of SME