Uttaran Pre-Foreign Education Loan

Introduction :

The Board of Directors of UBPLC approved the introduction of a new loan product named as “Uttaran Time Loan” of the Bank. The Product Program Guidelines of the loan product are as follows:

Nationality of the Customer :

Bangladeshi

Customer Eligibility :

The customer must be an adult person having sound mind.
The customer must have a Savings/Current Account in individual name with the same branch where the loan to be allowed.
The customer must not have any overdue/irregular/validity expired facility in any other type of loan /advance with any other Bank including our Bank.
Only one loan will be allowed at a time under this category.

Purpose of Loan :

To enable the students to make them eligible for education in abroad.

Loan Application :

Must apply in Bank’s Standard Format

CIB Report :

CIB Report must be clean.

Loan Limit :

Maximum Tk. 60.00 Lac (Including margin)

Margin :

Margin in cash must not be less than 10 % of entire loan limit and it must be deposited in loan account.

Mode of Disbursement :

The loan will be disbursed at a time for the total sanctioned amount creating a separate Demand Loan A/C through Payment Order.

Period of the Loan :

Maximum period of the loan account will be for 180 days from the date of creation.

Security :

Personal Guarantee of the student & the guardian.
Lien on the credit balance of the Savings/Current/FDR deposit account covering the loan limit.
Undertaking from the depositor (student/guardian) regarding the balance of the Savings/Current/FDR deposit account will not be withdrawn until adjustment of the loan.

Rate of Interest :

13.00 % P.A. with quarterly rest subject to future change that may be made by the bank from time to time.

Fees / Charges :

Loan processing fee and other Govt. Fees & charges will be realised as per existing rules.

Required Documents :

Recent Passport size colour photograph of the applicant and the guarantor,
University offer letter/ other related valid documents & Passport of the student,
Copy of latest utility bill (Gas/Water/Electricity)
Latest Tax Certificate of the applicant, if any
Others ( if applicable)

Charge documents :

-D.P. Note
-Letter of Personal Guarantee
-Letter of Lien & Debit Authority from the depositor (student/guardian) against his/her respective Savings/Current/FDR deposit account towards full adjustment of the loan account.
-Letter of disbursement
-Acceptance from the borrower of the sanction advice.
-Others

Mode of adjustment :

The borrower may make deposit time to time in the respective Demand Loan A/C but the account must be adjusted in full from own sources of the borrower within the validity period of the loan.
In case of failure to adjust the loan within the validity, the loan account must be adjusted immediately from the balance amount of the respective deposit account which is marked as Lien against the loan.

Approval Authority :

It is a special program and will not fall under existing business discretionary power. The loan will be sanctioned by the respective Zonal Head (ZH) including the In-Charge of Local Office and Corporate Branch.

Follow-up/ Monitoring :

The concerned Branch Manager (BM)/In-charge follow-up the loan account vis-a-vis deposit account (which has been marked as lien against the loan) regularly so that the Bank’s dues must not exceed the balance amount of respective deposit account at any point of time.

Exchange Rates

Mon, Jun 08, 2026 07:25 AM

Currency	Buying	Selling
USD	120.20	122.22
EUR	110.20	112.50

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