BRAC Bank offers record-low collateral-free loans for CMSMEs

BRAC Bank, the pioneer of SME Banking in Bangladesh, has achieved a unique feat by offering the lowest ever lending rate for unsecured loans to cottage, micro, small and medium enterprise (CMSME) entrepreneurs.

Under the brand positioning campaign, ‘SME Means BRAC Bank’, BRAC Bank has brought down the lending rate to as low as 13.75 per cent, the lowest in Bangladesh’s CMSME financing sector. This offering reinforces BRAC Bank’s position as a trusted and caring financial partner for small businesses across the country, according to a press release.

The reduced interest rate will be available throughout August and September 2025, enabling greater access to finance for CMSME business owners and promoting inclusive, sustainable growth and revitalising the rural economy. The bank continues to expand its CMSME offerings to promote financial inclusion and support enterprise growth across Bangladesh.

Over the decades, BRAC Bank has established itself as a go-to bank for CMSME business owners, particularly those who cannot afford collateral to secure a loan for starting and expanding their businesses.

In 24 years of its operations, BRAC Bank has achieved a milestone of serving 20 lakh SME customers, an unprecedented accomplishment in the industry. In fulfilling the entrepreneurial dreams of the customers, the bank has disbursed SME loans worth BDT 2 lakh crore to SME entrepreneurs across Bangladesh, uplifting the lives of 2 crore people. This impactful financing has made BRAC Bank synonymous with SME financing in the country.

With the ‘SME Means BRAC Bank’ campaign, the bank affirms its steadfast commitment to CMSMEs, ensuring easy access to finance without the need for collateral.

To cater to the evolving business needs of grassroots entrepreneurs, the bank has also launched two dedicated solutions within the campaign— Prabartan and Bizpay.

Prabartan is an unsecured loan product tailored for e-commerce and f-commerce ventures, offering flexible financing for digital entrepreneurs.

BizPay is a new transaction banking platform that enables CMSMEs to execute bulk and high-volume payments, simplifying multi-party disbursements with enhanced speed, transparency and efficiency.

Syed Abdul Momen, Additional Managing Director and Head of SME Banking, said: “Our focus has always been on enabling small businesses to thrive. With the lowest market rate and solutions built around the realities of CMSMEs, we are deepening our role as their most dependable financial partner. ‘SME Means BRAC Bank’ reflects the trust we’ve earned and the responsibility we carry.”

BRAC Bank remains committed to delivering easily accessible, faster and affordable financial services aligned with its long-term vision of inclusive economic progress.