EBL launches SME loans
Eastern Bank Ltd (EBL) has launched a new loan product styled 'EBL Agreem' under its SME Banking, says a press release.
Small and Medium Enterprises (SMEs) will be eligible for this short-term loan facility to meet their immediate working capital needs for any business purpose.
The collateral-free loan amount will range between Tk 200,000 and Tk 950,000. The loan tenure will be one month to six months.
Payment is single shot at maturity, but interest will be realised on monthly basis with partial and early payment allowed.
Any successful enterprise with two years of similar or relevant business experience can apply for the loan.
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