AB e-Money (Pay Order)

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AB e-Money (Pay Order)

Purpose

To participate in e-Tendering through e-GP portal by the contractor(s)/supplier(s).

Loan Amount
  • Minimum BDT 1.00 lac & Maximum BDT 3.00 Crore (Revolving Limit)
Determination of limit
  • Up to 95% of the proposed Tender Security (i.e. @5% Margin).
Repayment
  • Through Encashment of duly released PO by the authority.
Repayment Tenor
  • Maximum 120 days from the date of disbursement of each deal.
Primary Security
  • Personal Guarantee of the borrower & spouse (for Proprietorship) /Partners/Directors in applicable cases.
  • Postdated Cheque covering the proposed limit.
  • CRM-HO will determine additional security/support, if required, based on their assessment of the individual borrower’s credit risk.

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