Standard Chartered Bank
Phone: +880-2-8833003-4, 01819 399999, (02) 896 1151
Email:
Name
Loan Against Property
Description
At Standard Chartered we strive to meet your needs in a competitive and dynamic business environment. We understand that, as an SME, you require quick access to cash, and the flexibility to leverage your assets to fuel your business growth.
Standard Chartered’s Loan Against Property provides the liquidity you need to grow your business or meet cash flow requirements. The loan enables you to leverage your property to obtain financing.
Standard Chartered’s Loan Against Property provides the liquidity you need to grow your business or meet cash flow requirements. The loan enables you to leverage your property to obtain financing.
Loan Amount
Maximum BDT 28,000,000
Minimum BDT 1,400,000
Minimum BDT 1,400,000
Tenure
3 Years - 10 Years (i.e. 36 to 120 EMIs payments)
Interest Rate
16% per annum
Eligibility
To be eligible to apply for this loan, the applicant must fulfill the following criteria:
* At least 3 years of experience in same business
* A minimum annual turnover of BDT 7,000,000 (Taka Seventy Lac) only
* At least 3 years of experience in same business
* A minimum annual turnover of BDT 7,000,000 (Taka Seventy Lac) only
Supporting Documents
Documents
The following denotes the documents required for any business to apply for this loan:
Documents Proprietorship Concern Partnership Firm Private Limited Company
1 Valid Trade License √ √ √
2 3 Year Old Trade License √ √ √
3 Latest 12 Month Bank Statement √ √ √
4 National ID of Business Owners √ √ √
5 Utility Bill of Business √ √ √
6 TIN Certificate √ √ √
7 Photograph of the Owners √ √ √
8 Registered Partnership Deed N/A √ N/A
9 Memorandum & Article of Incorporation, Form X and XII N/A N/A √
10 Certificate of Incorporation N/A N/A √
11 Board/ Partnership Resolution N/A √ √
12 All Facility Related Offer Letters √ √ √
Property Documentation Requirement:
1. For Government/Leasehold Land:
1. Lease Deed/ Ownership Deed (photocopy)
2. Baya Deed for at least 25 years, if any (photocopy)
3. Development Agreement/ Joint Venture Agreement with the land owner/ developer
4. Power of Attorney (if any)
5. Power of Attorney Acceptance Letter from lessor of the property
6. Mutation (any one)
1. Mutation Letter from RAJUK/ CDA
2. Mutation Letter from National Housing Authority (NHA)
3. Mutation Letter from Ministry of Works
7. Duplicate Carbon Receipt (DCR) with Mutation Order Sheet
8. Up to date Municipality Tax Receipt
9. Up to date Land Tax Receipt
10. Non-Encumbrance Certificate (NEC)
11. Approved Plan/ Layout Plan and Approval Letter by RAJUK/CDA/Concerned Authority
12. Any other documents as advised by the bank’s lawyer
2. For Private/Freehold Land:
1. Ownership Deed (photocopy)
2. Baya Deed for atleast 25 years, if any (photocopy)
3. Development Agreement/ Joint Venture Agreement with the land owner/ developer
4. Power of attorney (if any)
5. Recent Survey Report (i.e. Math Parcha Duly attested)
6. CS, SA, RS Parcha (PS, BS, RS Parcha- only applicable for Chittagong)
7. Mutation Parcha and Mutation Proposal Sheet
8. Duplicate Carbon Receipt (DCR) with Mutation Order Sheet
9. Up to date Municipality Tax Receipt
10. Up to date Land Tax Receipt
11. Non-Encumbrance Certificate (NEC)
12. Approved Plan/ Layout Plan and Approval Letter by RAJUK/ CDA/ Concerned Authority
13. Any other documents as advised by the bank’s lawyer
Please note that the above requirements are not exhaustive and the bank may require further documentation for credit assessment on a case to case basis.
The following denotes the documents required for any business to apply for this loan:
Documents Proprietorship Concern Partnership Firm Private Limited Company
1 Valid Trade License √ √ √
2 3 Year Old Trade License √ √ √
3 Latest 12 Month Bank Statement √ √ √
4 National ID of Business Owners √ √ √
5 Utility Bill of Business √ √ √
6 TIN Certificate √ √ √
7 Photograph of the Owners √ √ √
8 Registered Partnership Deed N/A √ N/A
9 Memorandum & Article of Incorporation, Form X and XII N/A N/A √
10 Certificate of Incorporation N/A N/A √
11 Board/ Partnership Resolution N/A √ √
12 All Facility Related Offer Letters √ √ √
Property Documentation Requirement:
1. For Government/Leasehold Land:
1. Lease Deed/ Ownership Deed (photocopy)
2. Baya Deed for at least 25 years, if any (photocopy)
3. Development Agreement/ Joint Venture Agreement with the land owner/ developer
4. Power of Attorney (if any)
5. Power of Attorney Acceptance Letter from lessor of the property
6. Mutation (any one)
1. Mutation Letter from RAJUK/ CDA
2. Mutation Letter from National Housing Authority (NHA)
3. Mutation Letter from Ministry of Works
7. Duplicate Carbon Receipt (DCR) with Mutation Order Sheet
8. Up to date Municipality Tax Receipt
9. Up to date Land Tax Receipt
10. Non-Encumbrance Certificate (NEC)
11. Approved Plan/ Layout Plan and Approval Letter by RAJUK/CDA/Concerned Authority
12. Any other documents as advised by the bank’s lawyer
2. For Private/Freehold Land:
1. Ownership Deed (photocopy)
2. Baya Deed for atleast 25 years, if any (photocopy)
3. Development Agreement/ Joint Venture Agreement with the land owner/ developer
4. Power of attorney (if any)
5. Recent Survey Report (i.e. Math Parcha Duly attested)
6. CS, SA, RS Parcha (PS, BS, RS Parcha- only applicable for Chittagong)
7. Mutation Parcha and Mutation Proposal Sheet
8. Duplicate Carbon Receipt (DCR) with Mutation Order Sheet
9. Up to date Municipality Tax Receipt
10. Up to date Land Tax Receipt
11. Non-Encumbrance Certificate (NEC)
12. Approved Plan/ Layout Plan and Approval Letter by RAJUK/ CDA/ Concerned Authority
13. Any other documents as advised by the bank’s lawyer
Please note that the above requirements are not exhaustive and the bank may require further documentation for credit assessment on a case to case basis.
Details
Loan against property is very flexible and is designed to meet the different financial needs of your business. Want to expand your business leveraging on your existing property? With Loan Against Property you can undertake long term investments for expansion. In the process Loan Against Property also enables you to build up business equity by repaying the loan in monthly installments.
Maximum % of loan amount against market value of the property:
For Commercial Property 60% of property’s current market value
For Residential Property 70% of property’s current market value
For Commercial Property 60% of property’s current market value
For Residential Property 70% of property’s current market value
* Loan Processing Fee: 1.5% of the approved amount
* Valuation Fee: BDT 5000 per property
* Legal fee: BDT 7000 property
* Early Settlement Fee: 5% on outstanding amount if repaid at any given time before maturity of the loan
* VAT and Stamp Charges: All charges and fees are subject to 15% VAT, to be paid by the customer. Stamp charge will be at actual to be paid by the customer.
Maximum % of loan amount against market value of the property:
For Commercial Property 60% of property’s current market value
For Residential Property 70% of property’s current market value
For Commercial Property 60% of property’s current market value
For Residential Property 70% of property’s current market value
* Loan Processing Fee: 1.5% of the approved amount
* Valuation Fee: BDT 5000 per property
* Legal fee: BDT 7000 property
* Early Settlement Fee: 5% on outstanding amount if repaid at any given time before maturity of the loan
* VAT and Stamp Charges: All charges and fees are subject to 15% VAT, to be paid by the customer. Stamp charge will be at actual to be paid by the customer.
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