IFIC Bank offers Shech Saronjam Rin to individual /Group at micro level for purchasing of irrigation machinery like Shallow tube well, Deep tube well, Motor pump, Generator 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 upto Tk.3.00 lac
Maximum 60 (Sixty) months (More than Tk.3.00 lac)
06 (six) months grace period.
Equal Monthly Installment.
Collateral not required for loan upto Tk. 100,000/-
Quick Processing & least formalities