Interest Rate on Loan w.e.f. February 01, 2024

Products Interest rate
1) Agriculture (As per Bangladesh Bank Directives) SMART + 2.75%
2) Export (Pre-shipment Credit) SMART + 2.75%
3) Large and medium scale industries (Term)
SC-1. Manufacturing SMART + 3.75%
SC-2. Other than Manufacturing SMART + 3.75%
4) Small Industries (Term Loan)
SC-1. Manufacturing SMART + 3.75%
SC-2. Other than Manufacturing SMART + 3.75%
5) Working Capital
SC-1. Manufacturing Concern
a) Large and medium scale industries SMART + 3.75%
b) Small Industries SMART + 3.75%
SC-2. Other than Manufacturing Concern
a) Large and medium scale industries SMART + 3.75%
b) Small Industries SMART + 3.75%
6) Commercial lending
a) Large and medium scale enterprise SMART + 3.75%
b) Small enterprise SMART + 3.75%
7) Trade Finance
a) Large and medium scale enterprise SMART + 3.75%
b) Small enterprise SMART + 3.75%
8) Housing Loans SMART + 3.75%
9) Consumer credit SMART + 3.75%
10) Credit Card
Interest Rate for Cash and Retail Purchase 20.00% p.a
Interest Rate for Balance Transfer 20.00% p.a
Interest Rate for Installment Loan in Credit Cards 20.00% p.a
11) Finance to NBFI's SMART + 3.75%
12) Others
i) Cash collateral- ABBL FDR/DDS/MSDS( Maximum 90.00%) - ABBL MIDS( Maximum 80.00%) Instrument Rate
+
2.00%-3.00% spread
ii) Cash Collateral - Other Banks FDR/Scheme Deposit/ WDB/USD Premium Bond/ USD Investment Bond SMART + 3.75%
iii) Women Entrepreneur upto Tk 50.00 lac
a) Medium Enterprise SMART + 3.75%
b) Cottage, Micro & Small Enterprise SMART + 3.75%
iv) Special Scheme Loans -SME SMART + 3.75%
v) Auto Loan SMART + 3.75%

Notes

1. SMART (Six months Moving Average Rate of Treasury Bill) published on Bangladesh Bank web site for the month of January 2024 is applicable for reviewing lending rate in February 2024.

2. Applicable SMART rate for the month of January-2024 is 8.68%.

3. As per BRPD Circular Letter no-64 dated 27-November-2023, Interest rate on Pre-Shipment Credit and Agricultural & Rural Credit will be applicable SMART rate+2.75% whereas all other lending rate will be SMART rate + 3.75%.

4. Variable rate loans will be reviewed every six month taking into account the relevant SMART rate.