| No | Type of Loan | Type of Collateral | Period of Loan | Interest Rate |
|---|---|---|---|---|
| 1 | Loan | Immovable Asset
(Land and Building) |
1 Year | 10% |
| 2 | Overdraft | Immovable Asset
(Land and Building) |
1 Year | 10% |
| 3 | Term Loan | Immovable Asset
(Land and Building) |
1 to 3 Year | 10% |
| 4 | Tender Loan | Permitted amount of Tender Contract | 1 Year | 14.50% |
| 5 | Hire Purchase | To Purchase choice of Asset | 1 year to 2 Year | 13% |
Schedule of Loan repayment (Principal and Interest)
1. Loan
- Loan Interest repayment date is once per every three months until repayment schedule is accomplish.
- Loan Principal have to repay when allowed loan period (date) is due. In normal situation due date for loan principal repayment period is 1 year.
2. Overdraft
- Overdraft interest repayment date is end of every months. Overdraft interest amount is calculated based on per day withdrawal principal amount.
- Overdraft Principal have to repay back to bank when allowed overdraft period (date) is due. In normal situation, due date for overdraft principal repayment period is 1 year
3. Term Loan
- Term Loan principal and interest repayment date is once per every three months. Until repayment schedule is accomplish.
4. Tender Loan
- Tender Loan principal and interest repayment date is once per every three months. Until repayment schedule is accomplish.
5. Hire Purchase
- Hire Purchase principal and interest repayment date end of every months until repayment schedule is accomplish