BASIS, MTB tie up for collateral-free loan

BASIS has tied up with Mutual Trust Bank (MTB) to facilitate exclusive collateral-free loan facilities for its members.

A memorandum of understanding (MoU) signed recently empowers the BASIS members with easy access to vital financial resources, accelerating their entrepreneurial journeys and fostering growth in the ICT sector, said a press release today.

It said that this collaboration offers simplified financing solutions, removing the need for collateral, promoting innovation, long-term business growth, and economic contributions from BASIS members.

M Rashidul Hasan, President of BASIS, said, “Our collaboration with MTB unlocks new financial opportunities for our members, fueling their innovation and expansion.”

Syed Mahbubur Rahman, Managing Director and CEO of MTB, said, “We’re thrilled to partner with BASIS, creating valuable opportunities for IT entrepreneurs to access crucial funding without the constraints of collateral.” (BSS)