Small Business Investment Scheme

Target groups
  •   Small Businessmen like Wholesaler, Retailer, Small Manufacturer/Producer and Trader etc.
  •   Self-Employed Person like Doctors/Engineers/Professionals etc.
  •   Small & Cottage Industries.
  •   Other existing & new small business, micro & small industries and commerce.

Mode of Investment
  •   Hire Purchase under Shirkatul Meelk (HPSM)
  •   Lease/Ijara
  •   Bai-Muajjal-Commercial-TR
  •   Bai-Muajjal (Term)

Ceiling of Investment
  •   The amount of investment shall be Tk 50,000/- to Tk 5,00,000/- (Taka fifty thousand to Taka five lac).
  •   Maximum ceiling of the investment will be Tk 3,00,000/- (Taka three lac) only for any region other than Dhaka & Chittagong Metropoliton Area. However, investment may be extended beyond the ceiling at the discretion of the Management.
  •   Bank investment-Client equity ratio where applicable shall be 60:40.

Tenure of Investment
  •   In case of HPSM, Lease and Bai-Muajjal (Term):
    Maximum tenure will be 3 years i.e. 36 months (a period of 3 months may be allowed as grace period to the deserving client)
  •   In case of HPSM, Lease and Bai-Muajjal (Term):
    Maximum tenure will be 3 years i.e. 36 months (a period of 3 months may be allowed as grace period to the deserving client)

Rate of Profit/Rent
  •   Rate of profit/rent is 15.00% p.a.

Fees
  •   Application Fee of Tk 100/- (non refundable);
  •   Processing Fee of Tk 500/- (non refundable);

Supervision Charge
  •   Supervision charge will be @ 2.00% per annum.

Risk Fund
  •   Risk fund will be @ 1.00% per annum.

Security
General Security for each case:
  •   Hypothecation of Stock/Equipments;
  •   The stock/equipments should be duly and properly insured to cover the risks of probable hazards;
  •   01 (one) post dated master cheque in favor of SJIBPLC covering the investment;
  •   Post dated cheque against each installment/deal;
  •   Trust Receipt(s) duly executed by the Client along with delivery order(s) for each deal (in case of BMTR).
  •   Personal guarantee of the client, spouse and adult son(s) & daughter(s), if any of the client

Specific Security for the investment not exceeding Tk 2,00,000/-:
  •   Personal guarantee from two persons having good financial means & standing and acceptable to the Bank;

Specific Security for the investment exceeding Tk 2,00,000/-:
  •   Registered mortgage of immovable property owned by the client(s) or by a third party acceptable to the bank having:
    > Forced sale value of double the amount of investment under the Bai-Muajjal-Commercial-TR facility;
    > In case of HPSM, Lease and Bai-Muajjal (Term) investment, forced sale value of collateral security should not be less than 1.50 times of the Bank’s investment.