Interest Rate on Loan w.e.f. September 01, 2023

Products Interest rate
1) Agriculture (As per Bangladesh Bank Directives) SMART + 2.00%
2) 2) Export (Pre-shipment Credit) SMART + 2.00%
3) Large and medium scale industries (Term)
SC-1. Manufacturing SMART + 3.00%
SC-2. Other than Manufacturing SMART + 3.00%
4) Small Industries (Term Loan)
SC-1. Manufacturing SMART + 3.00%
SC-2. Other than Manufacturing SMART + 3.00%
5) Working Capital
SC-1. Manufacturing Concern
a) Large and medium scale industries SMART + 3.00%
b) Small Industries SMART + 3.00%
SC-2. Other than Manufacturing Concern
a) Large and medium scale industries SMART + 3.00%
b) Small Industries SMART + 3.00%
6) Commercial lending
a) Large and medium scale enterprise SMART + 3.00%
b) Small enterprise SMART + 3.00%
7) Trade Finance
a) Large and medium scale enterprise SMART + 3.00%
b) Small enterprise SMART + 3.00%
8) Housing Loans SMART + 3.00%
9) Consumer credit SMART + 3.00%
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 + 3.00%
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 + 3.00%
iii) Women Entrepreneur upto Tk 50.00 lac
a) Medium Enterprise SMART + 3.00%
b) Cottage, Micro & Small Enterprise SMART + 3.00%
iv) Special Scheme Loans -SME SMART + 3.00%
v) Auto Loan SMART + 3.00%

Notes

1. SMART (Six months Moving Average Rate of Treasury Bill) published on Bangladesh Bank web site for the month of August 2023 is applicable for reviewing lending rate in September 2023.

2. Applicable SMART rate for the month of September-2023 is 7.14%.

3. Rates regarding all Retail Banking products & CMSME segment Banking products are guided by BRPD circular no- 09, dated 19-June-2023.

4. As per BRPD circular no-09 dated 19-June-2023, Interest rate on Agricultural and Rural Credit will be applicable SMART rate+2% whereas all other lending rate will be SMART rate+3%.

5. As per BRPD circular letter no-27 dated 27-July-2023, Interest rate on pre-shipment export credit will be applicable SMART rate+2%.

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