Overview

Senior Citizen Support is an unsecured personal loan scheme for senior citizen having monthly fixed income (rental, pension, interest income, etc.) to fulfill their financial requirements. Any Bangladeshi individual who is eligible under applicant's segment of this loan and has the ability to repay the loan may apply.

Customer Segment

  • Any Bangladeshi senior individual who has the means and capacity to repay bank loan. ln specific terms, these could be the Senior Citizens i.e. retired persons having pension facility or rental/Interest income of the society living in the cities / towns where the Bank has its operations

Eligibility:

  • Age limit: Minimum 57 year, Maximum 65 year at loan maturity
  • Minimum Monthly Income: BDT 12,000

Loan Features:

  • Loan amount BDT 50,000 to Maximum BDT 3,00,000
  • Maximum tenure 5 year
  • Payment method: Equal Monthly Installment
  • Competitive interest rate
  • No hidden cost

Charges & Fees

  • Penal charge would be 2% on overdue amount for each month or BDT 100/- whichever is higher
  • Processing Fee: Nil
  • Stamp Charges: All relevant stamp charges will be borne by the borrower
  • Partial / Final prepayment: 0.50% on prepayment amount.
  • Expenses for CPV & CIB: Expenses incurred for this purpose to be borne by the applicant at actual