SME LOAN
Content
July 11, 2009 Monika Charkraborty Department of Management Faculty of Business Stadies Jagannath Unuversity Dhaka. Re: Submission of Term paper. Dear Madam,
Please accept the term paper entitled “SME loan in Bangladesh.” This is done for the partia Your kind approval and suggestions to this report will be highly appreciated. Sincerely, Shamol Chandra Sen Abdulla-Al-Monir Mahboob-Al-Rashid Maksuda Akter Rashedul Hasan
Acknowledgement First of all we like to thank to the almighty Allah, Who creates me and help me to do this We are grateful to my family and others. Thank You
Contents Page No. I. Abstract 1-1 II. Main Tex Commercial Bank of Ceylon PLC SME loan & Entrepreneur 2-2 SME loan and CBC 3-3 SME Loan Details 3-5 III. Conclusion 5-5 IV. Reference 6-6 V. Attachment Questionnaire 8-8 Annual financial Report 9-13
2-2
Abstracts:
This paper is written from the perspective that the situation of entrepreneur to get the SM It is turf work to work with all private banks as we select Commercial Bank of Ceylon PLC B
Main Tex:
i. Commercial Bank of Ceylon PLC: With an unblemished history of nearly a century in the Sri Lanka's Banking arena, C Over the period of last 5 years of operation in Bangladesh, CBC has expanded its branch net ii. SME loan & Entrepreneur: Though SME concept is nothing new, as evident from the establishment of Bangladesh
SME means Small and medium enterprises (also SMEs, small and medium businesses, SMB In the view of bank SME means different. Commercial bank of Ceylon PLC (CBC) define The new account holder (only this bank) evaluate as new entrepreneur and existing a iii. SME loan and CBC:
Commercial Bank of Ceylon (CBC) launched its SME (small and medium entrepreneur) lo SMEs are at the core of our economic development and many FIs( Financial institute) and NBF
iv. SME Loan Details: Commercial Bank of Ceylon PLC maintains some common and special feature for SME loa Account:
The entrepreneur must have an account on this bank. Minimum account require ■ ■ ■ ■ Must be 18 years old Two passport size recant photos. Nominee Reference of account. Processing Fee of Loan: ■ Fill up the application ■ 1% of processing fee on total amount of loan. Interest of Loan: ■ Interst only 14% annually.
Tenure of Loan: ■ Generally 5 years. ■ Extended for application. EMI: ■ Each Month Interest ■ 60 EMI. Security: ■ No special security money. ■ Concern with reference. ■ Optional of security money. Loan Range: ■ Maintain Bangladesh Bank criteria. ■ Up to 200% of the fixed deposit held with the CBC ■ subject to a minimum of BDT 2 lacs and maximum of BDT 2 crore. ■ Loan rang is 50000-20000000. Required Document: ■ Trade License ■ TIN certificate ■ CIB (Central information Breure of Bangladesh Bank)
Failure of Paying ■ ■ notice final notice. ■ ■
Loan: For failure of paying loan, bank give two notice. If individuals failure after second notice, bank send third After third notice, bank gives CIB objection. BB (Bangladesh Bank) takes necessary steps.
As CBC start SME loan in this year, although the annual report of the bank attach for showi In CBC with Mr. Kawsar
Conclusion:
The traditional attitude of the bankers to earn more profit shall have to be change Though, Bangladesh Small and Cottage Industries Corporation (BSCIC) has been establ
References: Entrepreneurship Entrepreneurship Entrepreneurship Entrepreneurship Annual Report of & small Business small Business & & small Business & small Business CBC Management, N. Siropolis Lives of Sucessful Entrepreneurs. A.R.Khan Management, Mosharaf, Bedar, Attaur Managemen, Mizanur Rahman.
External Links: www.combank.net www.wikipedia.org www.corporateblog.com www.dailystar.net www.marketilebank.com google.search bing www.hugebookonline.com
1.
Processing loan fee.
2.
Interest rate of loan.
3.
EMI
4.
Experience / Trade license
5.
Tenure of loan.
6.
In case of failure of return the loan, what actions are taken.
7.
Security money or other criteria.
8.
Required Document.
Please accept the term paper entitled “SME loan in Bangladesh.” This is done for the partia Your kind approval and suggestions to this report will be highly appreciated. Sincerely, Shamol Chandra Sen Abdulla-Al-Monir Mahboob-Al-Rashid Maksuda Akter Rashedul Hasan
Acknowledgement First of all we like to thank to the almighty Allah, Who creates me and help me to do this We are grateful to my family and others. Thank You
Contents Page No. I. Abstract 1-1 II. Main Tex Commercial Bank of Ceylon PLC SME loan & Entrepreneur 2-2 SME loan and CBC 3-3 SME Loan Details 3-5 III. Conclusion 5-5 IV. Reference 6-6 V. Attachment Questionnaire 8-8 Annual financial Report 9-13
2-2
Abstracts:
This paper is written from the perspective that the situation of entrepreneur to get the SM It is turf work to work with all private banks as we select Commercial Bank of Ceylon PLC B
Main Tex:
i. Commercial Bank of Ceylon PLC: With an unblemished history of nearly a century in the Sri Lanka's Banking arena, C Over the period of last 5 years of operation in Bangladesh, CBC has expanded its branch net ii. SME loan & Entrepreneur: Though SME concept is nothing new, as evident from the establishment of Bangladesh
SME means Small and medium enterprises (also SMEs, small and medium businesses, SMB In the view of bank SME means different. Commercial bank of Ceylon PLC (CBC) define The new account holder (only this bank) evaluate as new entrepreneur and existing a iii. SME loan and CBC:
Commercial Bank of Ceylon (CBC) launched its SME (small and medium entrepreneur) lo SMEs are at the core of our economic development and many FIs( Financial institute) and NBF
iv. SME Loan Details: Commercial Bank of Ceylon PLC maintains some common and special feature for SME loa Account:
The entrepreneur must have an account on this bank. Minimum account require ■ ■ ■ ■ Must be 18 years old Two passport size recant photos. Nominee Reference of account. Processing Fee of Loan: ■ Fill up the application ■ 1% of processing fee on total amount of loan. Interest of Loan: ■ Interst only 14% annually.
Tenure of Loan: ■ Generally 5 years. ■ Extended for application. EMI: ■ Each Month Interest ■ 60 EMI. Security: ■ No special security money. ■ Concern with reference. ■ Optional of security money. Loan Range: ■ Maintain Bangladesh Bank criteria. ■ Up to 200% of the fixed deposit held with the CBC ■ subject to a minimum of BDT 2 lacs and maximum of BDT 2 crore. ■ Loan rang is 50000-20000000. Required Document: ■ Trade License ■ TIN certificate ■ CIB (Central information Breure of Bangladesh Bank)
Failure of Paying ■ ■ notice final notice. ■ ■
Loan: For failure of paying loan, bank give two notice. If individuals failure after second notice, bank send third After third notice, bank gives CIB objection. BB (Bangladesh Bank) takes necessary steps.
As CBC start SME loan in this year, although the annual report of the bank attach for showi In CBC with Mr. Kawsar
Conclusion:
The traditional attitude of the bankers to earn more profit shall have to be change Though, Bangladesh Small and Cottage Industries Corporation (BSCIC) has been establ
References: Entrepreneurship Entrepreneurship Entrepreneurship Entrepreneurship Annual Report of & small Business small Business & & small Business & small Business CBC Management, N. Siropolis Lives of Sucessful Entrepreneurs. A.R.Khan Management, Mosharaf, Bedar, Attaur Managemen, Mizanur Rahman.
External Links: www.combank.net www.wikipedia.org www.corporateblog.com www.dailystar.net www.marketilebank.com google.search bing www.hugebookonline.com
1.
Processing loan fee.
2.
Interest rate of loan.
3.
EMI
4.
Experience / Trade license
5.
Tenure of loan.
6.
In case of failure of return the loan, what actions are taken.
7.
Security money or other criteria.
8.
Required Document.
