Tenor :
Minimum 1 year,Maximum 5 Years
Repayment method :
Equal Monthly Instalment
Disbursement Mode :
By issuing Pay Order directly to the seller
First repayment date :
1st repayment will be started at the end of one month from the date of disbursement
Documents Requirement :
- Recent Passport size photographs of applicant(s) and guarantor (s).
- Photocopy of NID/Passport of applicant (s) and guarantor (s)
- Latest Utility Bill (Gas/Water/Electricity)
- Price Quotation of items to be purchased with detailed budget
- Business Card/Office ID of applicant (s) and guarantor (s), if any.
- Personal Net Worth statements of applicant (s) and guarantor (s) to assess the repayment capacity.
- Bank Statement of last 6 months.
- Attested photocopy of the certificate of the last degree and BMDC/BMA membership Certificate
- Rent or Lease agreement of house/property (if applicable)
- Salary Certificate / Letter of Introduction.
- Professional Certificate issued by the concerned Institution.
- Two years Bank transaction record.
- Proof of sufficient Income.
Availability Period :
Maximum 6 months from the date of sanction advice.
Prepayment :
Loan to be prepaid on payment of 2% breakage cost on prepayment amount