SMBL Time Loan

Time loan is to finance a temporary working capital need usually for a period of less than 01 year. Bank also allows to buy stock ahead of a peak season. The business sells the inventory, generates revenue, and uses that cash to pay off the loan by the maturity date.

Title Rate Remarks
SME Time Loan 13.99%

  • Any Legal business.         
  • Owner’s age: 22 - 65 years.                                      
  • Business age minimum 2 years.
  • CIB Status: STD

  • Loan application with a copy of a valid Trade License.
  • Photograph, TIN, tax return, Net Worth Statement of all owners
  • National Identity Document (NID) or Passport/Driving license/ (if required, in the absence of NID)
  • Registered Partnership Deed (in case of partnership firm)
  • Rental Deed, in case of rental premises
  • Stock Report & Receivable List 
  • Financial Statements (audited where applicable)
  • Last 12 months statements of all transaction accounts.
  • In case of a proprietorship concern, two personal guarantees to be obtained.
  • Photograph, NID, Net Worth Statement of guarantor
  • Others, if any
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