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NCC Bank Start Up Loan

Nature of Loan: Term Loan to be repaid through fixed installments.

Purpose of Loan: As working capital of the business for the new and unique product or service of the Start Up firm.

Loan limit: Minimum BDT 5 lac , Maximum BDT 100 lac with/without moratorium period based on requirement.

Loan Tenor: Up to 5 years.

  • The proposal of the entrepreneur must be new and creative.
  • The Entrepreneur must be qualified certificate holder in Entrepreneurship Development, Business Administration, Marketing, other aspects of Business Management & Technical Aspects, Production Management, Product Processing and Machineries Repairing from Government Training Institutes or Government approved Private Entrepreneur Development Training Institutes. If the Entrepreneur does not have such certificate, then the entrepreneur must have sufficient relevant practical knowledge, experience and ability to run the proposed project/business.
  • The Entrepreneur must be engaged at the proposed enterprise.
  • Must be a legal business identity supported by all required papers and documents.
  • The applicant(s) must be a Bangladeshi National.
  • Age of the applicant shall be within 21 years to 45 years at the time of loan application.
  • Business operation must not be illegal by the law of land or environmentally hazardous.
  • No classification history.
  • Not in negative list.
  • Trade license, E-TIN, Partnership Deed, Certificate of Incorporation, Memorandum of Association, Articles of Association, RJSC documents, Form X, Form XII etc. and other required documents as per bank's norms depending on the legal constitution of the firm, Income tax return documents.
  • Irrevocable letter of authority to sell hypothecated stock and movable business assets at the time of default.
  • All required property documents proving the title of the property in case of Registered Mortgage and lawyer's opinion.

* Additional documents may be requested based on NCCBL Policies

  • Personal Guarantee from two acceptable individuals.
  • If acceptable Collateral Security is not available then Educational & Training certificates of the applicant may be considered.
  • Post Dated Cheques as per approved repayment schedule amounting each EMI.
  • Usual Charge Documents as per usual credit norms of our Bank.
  • Hypothecation of goods (if applicable).
  • Hypothecation of accounts receivables.
  • Registered Mortgage of Land & Building.

* Security arrangement based on the credit worthiness and prevailing policy of the bank.