Mercantile Bank Limited


 Any Purpose Loan Scheme



Purpose

:

To meet instant personal financial requirements.

Loan limit

:

Tk 0.50 lac to Tk 5.00 lac only.

Nationality

:

Bangladeshi

Age limit

:

From 21 years to 60 Years (last installment of the loan has to be deposited before the borrower reaches the age of 60).
Note: Age bar may be relaxed/waved by the Managing Director & CEO of the Bank on acceptable grounds.

Minimum income

:

  • Tk. 10,000.00 for Govt. Service Holder.
  • Tk. 15,000.00 for Private service holders

(Spouse/Other income may be added with the total monthly income. In such cases at least one of the borrowers has to meet the minimum income level)

Work Experience

:

- For Salaried individual minimum total length of service must be 1 year as confirm employee.

- Govt.Employees must be confirmed on job.

Interest rate

:

Interest Rate

Repayment Method

:

Equated monthly installment.

Other fees & Charges

:

As per policy and scheduled charges of our Bank.

Tenure of the loan

:

Maximum 48 months.

 

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