Bangladesh Keyword: bank loan

May 2, 2024

The Bangladesh Bank has adjusted the interest rates for pre-finance facilities within the framework of the support safety retrofits and environmental upgrades program (“SREUP”). For all new sub-loans under SREUP, the interest rate for pre-financing facilities has been capped at 7% per annum, while the interest rate for previously approved sub-loans will remain fixed at […]

December 4, 2023

In Bangladesh, securing a loan from a bank typically requires providing collateral, with immovable property being the preferred and most secure form of security. However, challenges arise when banks consider other movable assets as collateral. This legislation aims to address these issues by streamlining lending using movable property as collateral and establishing legal protections for […]