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| Personal Loans » Consumers Loan Scheme » Govt. Primary School Teacher Loan |
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| Government Primary School Teachers Loan |
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| Purpose |
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Consumer durables for personal / family use. Items like: Television, Refrigerator, Air Conditioner, Hi-Fi, Washing Machine, Computers, other household furniture etc. |
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| Customer Segment |
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Teachers of local Government Primary School only. |
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| Loan Size |
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Upto 6 times of monthly gross salary or maximum Tk.25,000/- including down payment. |
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| Installment Size per 0.25 Lac (Purchase value) |
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| Loan to Price Ratio |
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Financing 80% of the cost of the item is allowed. |
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| Security/ Collateral |
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Hypothecation over purchased assets. |
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Post dated cheques for each monthly installment. |
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One undated cheque for full loan value including full interest to be taken in advance. |
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Personal Guarantee of spouse / parents and an individual having minimum solvency / income not less than that of the borrower supported by income proof. |
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| Interest Rate |
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| Penal Interest |
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Penal interest shall be charged @ 2% over the normal rate on the defaulted installments. |
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| Tenor |
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24 months |
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| Repayment Method |
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Equal Monthly Installment. |
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| Disbursement Mode |
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Disbursement will be made through Demand Draft/ Payment Order directly to the seller. |
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| Verification of Personal Details and Quotation |
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Details of an applicant to be verified by a third party before an approval is accorded. |
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Letter from employer with details of employment and salary |
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Borrower and Guarantors (if any) details (addresses � both present and permanent, all telephone numbers of residence, office & mobile no.) |
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Quotation of the item to be purchased |
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Bank statement |
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| Substantiation of Income |
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Proper substantiation of income will be mandatory. All or any of the following original / true copy of original documents are accepted for the purpose: |
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Last Tax Return |
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Bank Statements for minimum last 6 months |
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Any other document that may stand as a proof of income |
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| For any query please Contact at: Tel: (PABX) 02223381614 FAX: 880-2-9564009 or e-mail us at [email protected] |
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.;l |
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| Foreign Currency Rates |
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| Currency |
Buying |
Selling |
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| USD |
119.00 |
120.00 |
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| EURO |
125.45 |
134.80 |
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| GBP |
147.95 |
160.80 |
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