IFIC Bank offers Krishi Saronjam Rin to individual /Group at micro level for purchasing of agricultural machinery like new power tiller/power tiller with plough (tractor), single cylinder tractor with plough, power tiller with trolley, Rotavator etc.
Any individual /Group (minimum 02 member maximum 10) aged above 18 years and below 60 years at the time of sanction of loan.
At least 3 years involved in agro-based production.
Having homestead and permanently living in the area.
Minimum 12 (Twelve) months.
Maximum 36 (Thirty six) months.
Lease Financing / Term Loan.
Equal Monthly Installment.
Collateral security not required for loan upto Tk. 1,000,000/-.
Quick Processing & least formalities.