It has special facilities for Professionals.
- Financial Amount (min to max): BDT 200,000 – 4,000,000
- Loan Tenure (min to max): 1 – 5 years
- Interest rate: 10.5%
- Min. Salary requirement: BDT 30,000
- Age requirements (min-max): 22 – 65 years
Employment Eligibility
- Salaried Employee
- Self Employed
- Land Owner
Some other important info:
Max. financing Amount : BDT4000000 50%
Min. loan tenure :1 year
Max. loan tenure: 5 year
Islamic / Conventional: Conventional
Processing fee:
1.25% on approved loan amount.
Early Settlement:
2% on overdue amount
Late Payment Charges
2% on overdue amount.
Other requirements
Car Registration
Yes.
Allows joint applicant?
Yes
Car Insurance
1st Class Insurance Required.
Security
- One personal guarantee.
- Joint registration of the vehicle.
- First party comprehensive insurance of the car.
Guarantor
You just need only one personal guarantor to be approved to get this loan.
General Important Documents:
1. Recent passport size color photographs of applicant (s) and guarantor (s).
2. Personal net worth statements of applicant (s) and guarantor (s)
3. NID/passport/ driving license of applicant (s) and guarantor (photocopy)
4. Recent utility bill (gas/water/electricity/municipal tax)
5. Business card/ office ID of applicant (s) and guarantor (s)
6. Recent tax certificate or E-TIN.
7. Last 12 month Bank statement for businessman and 6 month for others
8. Rent or lease agreement of house/ property (if needed).
Required documents for Salaried Person /Self Employed :
- Salary Certificate/ Letter of Introduction.
- Offer letter/Release letter from previous employer to prove service experience.
- Professional certificate issued by concerned institution.
Required documents for Businessman :
- Copy of trade license.
- Memorandum of Association and Articles of Association of the company.
- Certificate of Incorporation, Latest form xii, Partnership deed.
Required documents for Landlord/Landlady :
- Title deed of premises / property, Valid rental deed with tenants.
- Utility bill copy.
- Ground rent payment.
- Municipal tax payment receipt.
Other Benefits:
- Shortest loan processing time
- Joint applicant allowed
- Early, full and partial settlement allowed.