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Tuesday 29 September 2020 ,
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15 August, 2020 05:50:17 PM
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Prime Bank to provide collateral free MSME financing to PriyoShop

Staff Reporter, Dhaka
Prime Bank to provide collateral free MSME financing to PriyoShop

Prime Bank Limited will provide collateral free MSME financing to PriyoShop, one of the leading online marketplaces. 

As per an agreement formed recently, the merchants of PriyoShop will avail easy access to MSME loan from Prime Bank. It will be a big boost for the country’s rapidly growing e-commerce sector as eligible merchants of PriyoShop will now enjoy collateral free loan up to Tk 50 lakh and other tailor-made financial solutions, said a press release. 

The merchants can also avail a wide range of deposit products and free internet banking – ALTITUDE - for conducting broad range of e-transactions. They will need two-year business experience and recommendation letter from PriyoShop, the statement added. 

The MSME entrepreneurs can apply for loan from the comfort of their office or home as Prime Bank has assigned dedicated relationship manager for exclusive service to the valued merchants of PriyoShop.

Under the arrangement, the merchants will also get working capital (CC, OD and demand loan), term loans for fixed asset purchase and capital expenditures, international trade solution- LC, LATR, IDBP, bank guarantee, and work order.

BK

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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