Annual Reports | Schedule of Charges | MBL BOND | Disclosures on Risk Based Capital (Basel-III) | Complaint Cell
Notice of the 17th Annual General Meeting | Unclaimed Deposits | Compliance of Listing Regulations
    i-Banking Career Forms & Downloads Site Map Webmail
SME Financing
Small and Medium Enterprises (SME) is considered as thrust sector of the economy. SME is the Engine of Growth as this sector churns out 20%-25% of the country's GDP growth.

In order to promote the SMEs, MBL has following arrays of products befitting the requirements of the diversified segments and sectors of the economy.
CHAKA (Term Loan)
To make business expansion and procure capital machinery and other fixed assets of the business.
Loan Limit Tk 0.50 lac to Tk 100.00 lac.
Collateral free up to Tk 8.00 lac with the applicable conditions.
Repayment period- 12 months to 60 months.
Age limit- 21 years to 60 years.
Minimum 2 years experience in the respective field of business.
The project must be financially, economically and commercially viable.
SAMRIDDHI (Continuous Loan)
To meet up any acceptable working capital requirement of the business.
Loan Limit Tk 0.50 lac to Tk 100.00 lac.
Repayment period- 12 months, which is renewable.
Age limit- 21 years to 65 years.
Minimum 2 years experience in the respective field of business.
The project must be financially, economically and commercially viable.
MOUSUMI (Short Term Seasonal Loan)
To meet up short term seasonal need of the business.
Loan Limit Tk 0.50 lac to Tk 100.00 lac.
Repayment period- Maximum 9 (nine) months.
Age limit- 21 years to 65 years.
Minimum 2 years experience in the respective field of business.
The project must be financially, economically and commercially viable.
ANANNYA (Women Entrepreneur's Loan)
To meet up working capital requirement, procurement of capital machinery and other fixed assets for the Women Entrepreneurs.
Loan Limit Tk 0.50 lac to Tk 50.00 lac @ 10% interest p.a.
Collateral free up to Tk 8.00 lac in case of Term Loan with the applicable conditions.
Repayment period- 12 months to 60 months for Term Loan and 12 months for Continuous Loan, which is renewable.
Age limit- 21 years to 60 years.
Minimum 2 years experience in the respective field of business.
The project must be financially, economically and commercially viable.
SANCHALAK (A mix of Term, Time & Continuous Credit)
Designed to ensure performance based borrower’s evaluation and facilitation to promote and foster sustainable growth of the business with competitive edge where performance of the borrowing concern will get preference over any other considerations.
Purpose:
- To provide value added performance based credit services.
- To meet optimum level of Working Capital requirement.
- Financing acquisition of fixed assets related to promotion of the business interest / horizontal & vertical expansion.
Facility Mix - CC (Hypo) SE/SOD (General) SE and Time/Term Loan (SE).
Loan Limit: Tk 50.00 lac to Tk 300.00 lac.
Interest Rate: 13.50% to 15.00% at quarterly rest.
Tenure of facility(ies):
For Time /Term loan:
- Maximum 02 (two) years for working capital and
- Maximum 04 (four) years including maximum 6 months moratorium/grace period for fixed asset financing.
For CC (Hypo) SE & SOD (Gen) SE:
- 1(One) Year on revolving basis as working capital.
Incentive for eligible borrowers:
- Slashing of interest rate by 0.50% to 1.00%.
- Collateral Coverage may be considered at 1:1 instead of standard 1:1.25 on FSV.
Eligibility criteria for Incentive Entitlement:
- For Continuous Loan: A/C Turnover 3 times & above and full adjustment twice in a year.
- For Term Loan: No instance of overdue installments as per repayment schedule during the year under review.
- Limit Utilization: Not below 80%.
- No pending status of the documentation.
Age Limit of the Borrower: Preferably between 21 years to 60 years.
Borrower’s Eligibility:
- Preferably having 02 (two) years successful experience in the existing business.
- Minimum 03 months banking relationship with MBL.
- 01 (one) personal guarantee from well experienced business person with sound financial net worth and reputation.
Security/Collateral:
- Personal guarantee(s) of owner(s).
- Registered mortgage with Irrevocable General Power of Attorney of the property/ possession right purchased.
- Lien on financial assets such as FDR, Scheme Deposit and other en-cashable financial instruments (preferably with MBL).
- Other documents as applicable in compliance with the policy of the Bank.
UNMESH (Trade Finance)
Designed for foreign trade financing facility(ies) of the entrepreneurs in diversified sectors towards optimum utilization of their inherent entrepreneurship capacity.
Purpose:
L/C (One off/Revolving):
To Import permissible goods i.e., industrial raw materials, traded items and other commodities of reasonably good market demand.
Term Loan/Hire purchase/LTR:
For Retirement of shipping documents under L/C as post import finance.
Time Loan (Revolving):
To make payment of customs duty, VAT and Tax i.e., towards clearance of imported consignment by ensuring client’s part of equity depending upon the banker-customer relationship.
Facility Matrix:
- L/C (One off/Revolving) to import permissible goods
- Term Loan/Hire Purchase/LTR for retirement of shipping documents under L/C
- Time Loan (One off/Revolving) to make payment of customs duty, VAT, Tax etc.
Limit: Maximum BDT 300.00 lac (Funded & Non-funded taken together).
Tenure of facility(ies):
- For L/C: One year (in case of revolving). However, each L/C will have specific validity as per terms of contract/PI/Indent. As per PI/Indent (in case of One-off)
- For LTR: One year from the date of origination. However, each LTR will have specific validity for a maximum period of 120 days from the date of creation depending upon the trade cycle of the concerned borrower and business.
- For Term Loan/Hire Purchase [Eventual]: Maximum for 05 (Five) years
- For Time Loan: 01 (One) year on revolving basis but each Time Loan will have a maximum validity of 180 days from the date of creation.
L/C Opening/Acceptance Commission:
- At Sight: 0.25 to 0.40 paisa per quarter.
- DP/ Usance: 0.40 paisa per quarter and acceptance commission 0.30 paisa per quarter.
Interest Rate: @13.00% to 16.00% p.a.
Eligibility Criteria for Relaxations of Facility Limits, Slashing of Interest/Commissions:
- For L/C Limit: Utilization not less than 2 times during the year ended.
- For LTR: Due time adjustment of consecutive LTRs within a year.
- For Term Loan/Hire Purchase: No instance of overdue installments as per repayment schedule during the year under review.
- No pending status of documentation.
Age Limit of the Borrower: Preferably between 21 years to 65 years.
Borrower’s Eligibility:
- Minimum 01 (one) year successful track record of import.
- Minimum 03 months banking relationship with MBL.
Collateral/ Security:
- L/C Margin, Shipping Documents, Acceptance, Hypothecation of Imported Goods, Receivables, Advance Payments, Plant and Machineries.
- Personal guarantee(s) of owner(s).
- Registered mortgage with Irrevocable General Power of Attorney of the property/ possession right purchased.
- Lien on financial assets such as FDR, Scheme Deposit and other en-cashable financial instruments (preferably with MBL).
- Other documents as applicable in compliance with the policy of the Bank.
SME Financing
CHAKA (Term Loan)
SAMRIDDHI (Continuous Loan)
MOUSUMI (Short Term Seasonal Loan)
ANANNYA (Women Entrepreneur's Loan)
Knowing MBL
About Mercantile Bank
Vision, Mission
Achievements
Founder Chairman's Speech
CEO's Message
Board of Directors
Sponsor Share Holders
Executive Committee
Audit Committee
Senior Management
The Corporate Structure
Media Room
Latest Press Releases
Latest TVC and Advertisements
e-Newsletter