The New Nation - Internet Edition

Eastern Bank Ltd. has launched a new loan product named "EBL Agreem" under its SME Banking. Small and Medium Business Enterprises shall be able to avail this short-term loan facility for meeting their immediate working capital needs.

The special futures of the new product are: It can be availed for any legal business purpose, loan facility minimum is BOT 200,000 and maximum BOT 950,000. No collateral security required. The loan tenure is 1 month to 6 months. Payment is single shot payment at maturity but interest will be realised on monthly basis and partial payment and early payment will be allowed. No additional fee required.

Any successful enterprise with minimum two years in same or relevant business can apply for loan. Business cash flow to support the proposed loan in one shot, necessary documents of business, bank account in the name of the enterprise or the entrepreneurs and personal guarantee are required.