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Effective from: September 03, 2018

A. FEES AND CHARGES

Asset Finance/Term Loan Working Capital Solutions Affordable Home Loan

Application Fee (VAT applicable)

No Fee No Fee No Fee

Loan Processing Cost

At Actual At Actual At Actual

Facility Renewal Processing Cost*

N/A At Actual N/A

Doc. Cost Reimbursement for New Application Facility Renewal**

Tk 4,200.00 Tk 4,200.00 Tk 4,200.00

Doc. Cost Reimbursement for Facility Renewal**

N/A Tk 2,800.00 N/A

CIB Inquiry Charge Reimbursement

At Actual At Actual At Actual

Late Payment Interest (LPI)***

Prevailing interest rate plus 2.00% Prevailing interest rate plus 2.00% Prevailing interest rate plus 2.00%

Guarantee Commission

0.25% per quarter on the guaranteed amount 0.25% per quarter on the guaranteed amount N/A

Early Settlement Fee (Full/Partial) (VAT applicable)

2.00% on the settled Principal amount at the time of early settlement N/A N/A

Vehicle Re-Transfer Cost

Tk 2,500.00 N/A N/A

Early Settlement Fee for Home Loan (VAT applicable)****

N/A N/A Before 3 years: Any settlement (full or partial), 2% will be charged as early settlement fee on the full settlement amount

Early Settlement Fee for Home Loan (VAT applicable)****

N/A N/A After 3 years: In case of settlement amount of less than 25% of the outstanding loan balance, no fee is required. In case of settlement amount of more than 25%, 2% will be charged as early settlement fee on the full settlement amount

Insurance Cost Reimbursement (Personal Accident)

As per prevailing premium rate provided by the insurance company As per prevailing premium rate provided by the insurance company N/A

Collection Charge Reimbursement (After cancellation of CSF facility/ debtor)

N/A Tk 500.00 N/A

Photocopy of Land Documents & Agreements Cost Reimbursement

Tk 1,000.00 Tk 1,000.00 Tk 1,000.00
  • * Facility Renewal Fee is not applicable for Pre-Delivery Financing (PDF), if it is provided within a global limit along with Credit-Sale Financing (CSF). However, Facility Renewal Fee is applicable for PDF, only if it is provided exclusively without CSF.
  • ** For each additional personal guarantee (more than 2) Tk 300.00 and for each additional vehicle Tk 200.00 will be added to the documentation cost reimbursement.
  • ** In case of issuance of supplementary agreement, Tk 1,000.00 (each) will be added to the documentation cost reimbursement.
  • *** LPI will be applicable for all working capital solutions except Credit-Sale Financing.
  • **** Early Settlement is allowed only after the payment of first 6 (six) instalments and after 3 (three) years, early settlement can be done twice in a year.

B. STATEMENT FEES

First Time Repeat Issue

No Objection Certificate (each product year)

Free Tk 500.00 per issue

Early Settlement Calculation Statement

TK 500.00 Tk 500.00 per issue

Tax Certificate (each tax cycle)

Free Tk 500.00 per issue

Credit Rating Letter

TK 500.00 Tk 500.00 per issue

Liability Statement (each product year)

Twice in a year: Free More than twice in a year: Tk 250.00 per issue

Distributor Finance Statement

At the time of IADA replenishment: Free Any other time beside replenishment: Tk 200.00 per statement

C. LEGAL COST REIMBURSEMENT

At Actual

D. DUTIES, TAXES, CHARGES AND LEVIEW

As Per Prevailing NBR regulations and Govt. directives.

E. SERVICE CHARGES REIMBURSEMENT

Disbursement Processing
Cost Reimbursement*
Record Maintenance
Cost Reimbursement
Invoice Processing and
Collection Cost Reimbursement*

Revolving Loan

Minimum 0.01% to maximum 0.05% of each disbursement N/A N/A

Pre-Delivery Financing

Minimum 0.20% to maximum 0.30% of each disbursement Nil N/A

Credit-Sale Financing

Minimum 0.01% to maximum 0.05% of each disbursement Tk 100.00 per debtor per month (Minimum Tk 500.00 to Maximum Tk 1,500.00) Minimum 0.25% to maximum 0.50% of invoice value

Distributor Financing

Minimum 0.20% to maximum 0.30% of each disbursement Nil N/A
  • *The aggregate percentage of disbursement processing cost reimbursement and invoice processing & collection cost reimbursement must not be less than 0.30%.

F. ADJUSTMENT FUND

Distributor Finance Revolving Loan

Required Balance

6.50% of facility limit 10.00% of facility limit

Minimum Balance

4.50% of facility limit 3.00% of facility limit

Effective from: August 20, 2017

A. PAPER STATEMENT OR OTHER CHARGES

Amount of Fees and Charges*

Duplicate Instrument Issue of Deposit

Tk.1000

Duplicate Acknowledgement of Deposit

Tk.1000

Duplicate Tax Certificate

Tk.300

Embassy Letter/ Solvency Certificate Issue

Tk.300

Other Statements

Tk.300
  • *All Fees and Charges are Inclusive of VAT

B. INCOME TAX DEDUCTED AT SOURCE**

Deduction Rate

If E-TIN is Submitted to United Finance

10%

If E-TIN is Not Submitted to United Finance

15%

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

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

Tk.500

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

Tk.2,500

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

Tk.12,000

Balance above Tk.5 Crore

Tk.25,000
  • **As Per Prevailing NBR Regulations and Government Directives
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