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Prime Emarat
Accommodation and commerce are two key socio-economic demands in and around metropolitan and industrial hubs across the country. Local residents having adequate land property, build houses in those areas to rent it out to millions of domestic immigrants- both salaried and self-employed individual and families. In addition, there is a growing demand of commercial set up- shops, warehouse, and small factories in the areas. Populations are increasing in the areas day by day and resulted residential, industrial and commercial set up. Therefore, a new type MSME Banking demand has been emerged from this new socio-economic trend in Bangladesh. In this aspect Prime Bank Limited introduced Prime Emarat to provide financing support.
Purpose
New Construction / Expansion / Renovation of -
Semi-pacca or Pacca building for residential mess/residential construction depending upon rental income by enterprises
Commercial complex
Shops/Offices/ warehouses/factories (pacca or semi pacca construction).
Note: Purpose should be rent it out upon construction. No real estate development financing will be allowed under this scheme.
Eligibility
Micro, Small & Medium Enterprises as defined by Bangladesh Bank
Minimum One (01) year experience in the same line of business /service as an entrepreneur.
Age : - Minimum 21 years (during application)
         - Maximum 70 years (during loan expiry)
Capacity to repay loan from secondary/tertiary (own sources) in addition to primary source of income.
Key Features
Loan Ceiling : Up to 100 million BDT (Unsecured up to 30 Lac)
Loan Tenor : Max 120 Months
Attractive interest Rate
Financing Mode: Term Loan (EMI based)
DBR max 65%
Necessary Document
Valid Trade License
Photograph of the borrower
National ID card/ Copy of Passport/Birth Certificate or Driving License/Chairman's Certificate
Partnership deed
Copy of Memorandum & Article of Association of the company including Certificate of incorporation
Approval from concern government agency for permanent multistoried building construction (as applicable)
Up to date Special License to run the business (as applicable)
Others (as applicable)
Security/Collateral
Registered mortgage of property/ownership of the space/possession right purchased in Bank's name.
Lien of cash collateral (FDR) and other encashable financial instrument. (as applicable)
Personal Guaranty
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