SME LOAN


Small Business is a loan facility designed to finance small scale trading, manufacturing and service ventures, especially to help small and medium entrepreneurs to meet their short-term cash flow shortages and bridge the fund-flow gaps. Reliance Finance Limited (REFL) promotes small and medium entrepreneurs through its SME Finance Scheme. The aim is to provide quality service to the entrepreneurs with potential and innovative ideas.

 

WHOM DO WE FINANCE?

Small and Medium Enterprises involved in business with a proven track record are primarily eligible for the scheme. We offer different financial products to the potential clients considering the sponsors’ credential, management strength, sales growth, technical soundness, cost efficiency, future prospect and last but not the least their transaction behavior with other lenders and associates, if any.

 

TERMS AND CONDITIONS

The General Terms and Conditions are as follows:

 

          TENURE

               3-5 years for lease and term finance

               1-2 years for Short Term Finance

 

MAXIMUM LOAN LIMIT

        Maximum limit depends on

             Requirement and equity participation

             Merit of the proposal

 

  MODE OF PAYMENT

             Equal monthly / quarterly Installment

             Structured repayment as per requirement to match the cash flow.

 

     INSURANCE COVERAGE

        Leased assets are to be duly insured covering all possible risk and premiums are to be paid by the lessee.

 

SECURITY

        Collateral is to secure the finance is not mandatory in REFL. Rather the type and mode of security depends on

                    (i) the nature, experience and performance of the business

                   (ii) past track record of the sponsor(s) and (iii) the amount of financial facility to be enjoyed.

 

ADVANTAGES

  •      Simple and quick processing
  •      Competitive rate of interest
  •      Continuous support
  •      No Charges or Fees before approval
  •      No hidden cost
  •      Financial flexibility
  •      Prompt service

 

LOAN OF WOMEN ENTREPRENEUR

Women Entrepreneur Loan is a loan facility for small and medium sized business, which are operated by women entrepreneurs. The product offers terminating loan facilities for the purpose of working capital finance and/or fixed assets purchase.

 

 
Eligibility

* Entrepreneurs with minimum 2 years experience in the same line of business
* Business must be a going concern with at least 2 years in operation

 

Loan Limit:

* From BDT 3 lac to BDT 50 lac

 

Interest Rate

* @ 10% Lowest interest rate in the market

 

Key Features

* Loan without any collateral up to BDT 15 lac.
* Loan for Working Capital Finance and/or Lease finance for business
* Borrower having loan with other financial institute can also avail Loan
* Convenient repayment options of Equated Monthly Installment and Customized Repayment Schedule
* Quick, quality door step customer service

 

Download: SME Application Form