ABBL Sathi Loan

AB Bank Limited introduces a SME loan scheme, namely ABBL Sathi Loan, which is such a loan facility of maximum BDT 5,00,00,000 for meeting regular and additional requirements of your business to grow more.

Purpose
It's a Term loan for CNG Refueling conversion/ Light Engineering/ project finance (package deal including non-funded).

Determination of Limit
Loan amount will be maximum 90% of the value of the imported and/ or locally procured machinery.

Repayment
Through EMI: Moratorium period: maximum six months.

Loan Amount
Maximum BDT 5,00,00,000.

Tenor
Maximum five years.

Security and/ or Collateral
- Hypothecation of machineries and/ or stock and/ or receivables.
- Registered mortgage of project land & building; additional land (if required).
- PG of the spouse of the proprietor/ PG of the directors.


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About AB Bank Limited

Introducing Bangladesh to its very first private sector bank; AB Bank Limited was incorporated in 31st December, 1981. Arab Bangladesh Bank as formerly known started its effective operation from 12th April, 1982 with the mission to be the best performing bank of the country. With an ambition to secure its place as the leading service provider, creating lasting value for its clientele, shareholder, and employees and particularly for the community it operates in, AB has formulated a golden heritage and an envious legacy that may not be imitated by many. The bank opened its very first branch at Karwan Bazar on 12th April 1982 and now has a successful footprint of 100 branches including one overseas branch in Mumbai, India and 263 ATMs spread across the country as on 31st December 2014; it has associated 6 subsidiary companies including one exchange company in UK, Off-shore Banking Unit and Custodial services with its core banking activities. The Bank opened its Representative Office at Yangon, Myanmar and at London, UK for extending its foreign operations.

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