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Prime Bank, Ajkerdeal partner for MSME financing

Business Desk | Published: 23:25, Aug 12,2020

 
 

Prime Bank and online marketplace Ajkerdeal have joined hands to facilitate MSME financing to e-commerce merchants without any collateral, said a press release.

As per an alliance formed recently, merchants of Ajkerdeal will avail easy access to MSME loan from Prime Bank.

It will be a big boost for the country’s promising e-commerce sector as eligible merchants of Ajkerdeal can now enjoy collateral free loan up to Tk 50 lakh and other tailor-made financial solutions.

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 Ajkerdeal.

Under the deal, 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, work order.

The alliance between Prime Bank and Ajkerdeal is aimed at encouraging MSME businesses to conduct business through digital platform.

Prime Bank and Ajkerdeal will work together to cater to the banking needs of MSME businesses and facilitate their financial upliftment.

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