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ASSET PRODUCTS

Effective from: November 24, 2019

A. Pre Disbursement

Cottage Micro Small Medium Corporate Home Loan

Application Fee (VAT inclusive)

BDT 200 BDT 200 BDT 200 BDT 200 BDT 200 BDT 200

Origination Cost: New Loan Application

a. Processing Cost (VAT applicable)

At Actual At Actual At Actual At Actual At Actual At Actual

b. Documentation Cost (Reimbursement)

At Actual At Actual At Actual At Actual At Actual At Actual

Origination Cost:Facility Renewal*

a. Processing Cost (VAT applicable)

At Actual At Actual At Actual At Actual At Actual At Actual

b. Documentation Cost (Reimbursement)

At Actual At Actual At Actual At Actual At Actual At Actual

Legal and Valuation Fee

At Actual At Actual At Actual At Actual At Actual At Actual

CIB Inquiry Charge (Reimbursement)

At Actual At Actual At Actual At Actual At Actual At Actual

Insurance Cost

As per prevailing premium rate provided by the insurance company
  • *Renewal Processing Cost for PDF facility is Not Applicable, if Sanction limit is tagged with a CSF facility limit.

B. Post Disbursement

Late Payment Charge*

Prevailing Interest Rate Plus 2%

Early Settlement Fee (VAT applicable)**

2% on the Settled Principal Amount

Photocopy of Land Documents

At Actual

Photocopy of Agreement Papers

At Actual

Collection Charge Reimbursement (after cancellation of CSF facility/ Debtor)***

At Actual

Transfer Document Issue

At Actual
  • * Late Payment Charge is Not Applicable for Credit-Sale Financing facility.
  • ** Early Settlement Fee is Not Applicable for Micro and Cottage as per Bangladesh Bank definition. Also, not applicable for Working Capital Solutions
  • ** Early Settlement of Home Loan facility is allowed after 6 (six) months from the date of facility execution. Early Settlement Fee of Home Loan facility can be eliminated only after 3 years, if the settlement principal amount is less than 25% of the outstanding loan balance. This incentive is applicable only twice in a calendar year.
  • *** Collection Charge Reimbursement is only applicable for CSF Product

C. Statement Issue Cost

Any Certificate/Statement/Letter

First Time: Free Repeat Issue: Free

D. Cost Reimbursement

Disbursement Processing Cost Record Maintenance Cost Per Month Invoice Processing and Collection Cost

Revolving Loan

0.01%-0.05%* N/A N/A

Pre-Delivery Financing (PDF)

0.20%-0.30%* N/A N/A

Credit-Sale Financing (CSF)****

0.01%-0.05%* BDT 100 Per Debtor** 0.25%-0.50%***

Distributor Finance

0.20%-0.30%* N/A N/A
  • * Disbursement Processing Cost Reimbursement is Applicable on each disbursement amount.
  • ** Record Maintenance Cost Reimbursement for a CSF facility is Min BDT 500 and Max BDT 1,500 Per Month.
  • *** Invoice Processing Cost Reimbursement is Applicable on the Invoice Value.
  • **** The aggregate amount of Disbursement Processing Cost reimbursement and Invoice Processing & Collection Cost reimbursement must not be less than 0.30%

E. Duties, Taxes, Charges & Levies

As Per Prevailing Regulations of NBR, Bangladesh Bank and Government directives.

F. Adjustment Fund

Distributor Finance Revolving Loan

Minimum Balance (all time during contract period)

4.50% of Facility limit 3% of Facility limit

Required Balance (at the time of refill)

6.50% of Facility limit 10% of Facility limit
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