Personal Loans » Consumers Loan Scheme » Household Durable Loans
Household Durable Loans
A personal loan scheme that supports purchase of various consumer durable such as Television, Refrigerator, Air Conditioner, Hi-Fi, Washing Machine, Computers, other household furniture etc.
Any Bangladeshi individual who has the means and capacity to repay bank loan. In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non Government Organizations).
Minimum net income Tk.3,000/- per month
Upto 1 Lac or 2,00,001 to 3 Lac including down payment.
Installment Size per Lac (Purchase value).
2 years term
3 years term
Loan to Price Ratio
Financing 75% (in case of 3 years term) / 80% (in case of 2 years term) of the cost of the item is allowed
Hypothecation over purchased assets.
Post dated cheques for each monthly installment.
One undated cheque for full loan value including full interest to be taken in advance.
Personal Guarantee of spouse / parents and an individual having minimum solvency/income not less than that of the borrower supported by income proof.
Penal interest shall be charged @ 2% over the normal rate on the defaulted installments.
Minimum 24 months & maximum 36 months
Equal Monthly Instalment
Disbursement will be made through Demand Draft/ Payment Order directly to the seller.
Verification of Personal Details and Quotation/span>
Details of an applicant to be verified by a third party before an approval is accorded.
Letter from employer with details of employment and salary
Borrower and Guarantors (if any) details (addresses – both present and permanent, all telephone numbers of residence, office & mobile no.)
Quotation of the item to be purchased
Substantiation of Income
Proper substantiation of income will be mandatory. All or any of the following original / true copy of original documents are accepted for the purpose:
Last Tax Return (in case of 3 years term applicant must be tax payee)
Bank Statements for minimum last 6 months
Any other document that may stand as a proof of income
For any query please Contact at: Tel: (PABX) 9551614 FAX: 880-2-9564009 or e-mail us at [email protected]