Somvabona - Term loan for new entrepreneur


  • New entrepreneur (as per Bangladesh Bank's definition) maximum age 45 years.
  • Valid Trade License.
  • Relevant pre-requisites as desired by the bank from time to time.

Loan Limit:

  • Term loan without collateral Tk 50 thousand to Tk 10 lac for new entrepreneur.
  • Term loan with collateral above Tk. 10 lac to Tk. 25 lac for new Entrepreneurs.

Rate of Interest:

  • Attractive rate of interest.

Key Features:

  • Designed to meet financing need for business expansion and for purchase of fixed of assets for manufacturing and service sector business.
  • For unsecured three (3) personal guarantors acceptable to the Bank and society.
  • For secured limit resident / commercial / industrial property/ en-cashable securities are accepted collaterals.
  • Eligible entities: Sole Proprietorship Firms, Partnership Firms, Private limited Companies