Please find the details of our following product . For further assisatnce please contact us.
Product Description
1
Purpose of the Loan
To support clients purchasing household items like Television, Refrigerator,Air Conditioner, Audio-video Equipment, washing machine, Personal Computers and other household furniture or appliances etc.
2
Nature of Loan
Term
3
Tenure of the Loan
1 to 3 years
4
Eligibility (Only for professionals- Management consultant, Doctor, Engineer, etc.)
Monthly surplus income shall be at least two times of the installment amount. 33% of monthly net income should be equal or higher than the installment. Age 25-65 years, Bangladeshi.
5
Limit
Tk.50,000-to-Tk.3,00,000.00
6
Documents/Securities
Employer/Authority's, personal, Spouse guarantee, hypothecation, Post dated cheque, Others.
7
Debt Equity Ratio
Up to 80:20
8
Down payment
Minimum 20%
9
Rate of Interest
Minimum 14% (flexible)
10
Mode of repayment
Monthly equal installment
11
Implication of Interest
Quarterly compound on the rest amount
12
Processing fee
@1% on sanctioned amount, or minimum Tk.1,000.00 at the time of disbursement.
13
Disbursement
Payment to be made by issuing PO in favor of vendor after deposit down-payment by the Customer.
