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Effective from: August 06, 2019

A. Pre Disbursement

Asset Finance/Term Loan Working Capital Solutions Home Loan

Application Fee (VAT inclusive)

BDT 200 BDT 200 BDT 200

Origination Cost: New Loan Application/Facility Renewal

a. Processing Cost

At Actual At Actual* At Actual

b. Documentation Cost

At Actual At Actual At Actual

Legal and Valuation Fee

At Actual At Actual At Actual

CIB Inquiry Charge

At Actual At Actual At Actual

Insurance Cost

At Actual At Actual At Actual
  • * Renewal Processing Cost for PDF facility is Not Applicable, if Sanction limit is tagged with a CSF facility limit.

B. Post Disbursement

Asset Finance/Tem Loan Working Capital Solutions Home Loan

Late Payment Charge

Prevailing Interest Rate Plus 2% Prevailing Interest Rate Plus 2%* Prevailing Interest Rate Plus 2%

Early Settlement Fee** (VAT Applicable)

2% on the Settled Principal Amount N/A 2% on the Settled Principal Amount***

Photocopy of Land Documents

At Actual At Actual At Actual

Photocopy of Agreement Papers

At Actual At Actual At Actual

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

N/A At Actual N/A

Transfer Document Issue

First Time - Free
Repeat Issue - At Actual
N/A N/A
  • * 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.
  • *** 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.

C. Certificate/Statement/Letter Issue

Within Each Cycle First Time Repeat Issue

Balance Confirmation Certificate

Calendar Year Free (Twice) BDT 200

Tax Certificate

Assessment Year Free (Single) BDT 200

Loan Statement (Distributor Financing)

During IADA Refill Claim Free (Single) BDT 200

Early Settlement Balance Statement

Contract Period BDT 200 BDT 200

Any Other

Contract Period Free (Single) At Actual

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

Effective from: December 26, 2018

A. PAPER STATEMENT OR OTHER CHARGES

Amount of Fees and Charges*

Duplicate copy of instrument/Acknowledgement of deposit

Tk.1000.00

Duplicate Account Statement*

Tk.250.00

Duplicate Balance Statement

Tk.250.00

Duplicate Loan Statement (per loan account)

Tk.250.00

Duplicate Tax Certificate**

Tk.300.00

Embassy Letter/Solvency Certificate

Tk.300.00

Other statement/Letter/Certificate

Tk.300.00
  • *Account statement will be free at encashment point. If not requested at encashment, client may request it without any fees even after 6 months after end of fiscal year (encashment). After this period, Tk. 250.00 per issue will be required.
  • **For joint account, both accountholders can request for Tax Certificate separately. Each accountholder will receive their own Tax Certificate free (1st statement per person) for the fiscal year. Tax Certificates will not be provided for specific accounts.

B. INCOME TAX DEDUCTED AT SOURCE**

Deduction Rate

If E-TIN is Submitted to United Finance

10.00%

If E-TIN is Not Submitted to United Finance

15.00%

C. EXCISE DUTY YEARLY PER ACCOUNT**

Duty Amount

Balance up to Tk.1 Lac

N/A

Balance above Tk.1 Lac but not more than Tk.5 Lac

Tk.150.00

Balance above Tk.5 Lac but not more than Tk.10 Lac

Tk.500.00

Balance above Tk.10 Lac but not more than Tk.1 Crore

Tk.2,500.00

Balance above Tk.1 Crore but not more than Tk.5 Crore

Tk.12,000.00

Balance above Tk.5 Crore

Tk.25,000.00
  • **As Per Prevailing NBR Regulations and Government Directives
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