House Furnishing Loan is a loan which facilities middles class people to purchase different household items such as Television, Refrigerator, Air-Conditioners, Washing Machine, Computers and other household furniture erc. for personal use.
Purpose |
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To Purchase different household items such as Television, Refrigerator, Air-Conditioners, Washing Machine, Computers, and other household furniture etc. for personal and family use. |
Loan limit |
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Tk 0.50 lac to Tk 5.00 lac only. |
Nationality |
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Bangladeshi |
Age limit |
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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 |
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- Tk. 10,000.00 for Govt. Service Holder.
- Tk. 15,000.00 for Private service holders
- Tk. 30,000.00 for Businessman/Professionals
(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 |
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- For Salaried individual minimum total length of service must be 1 year as confirm employee.
- Govt.Employees must be confirmed on job.
- For Self-Employeed professionals and a businessman having good track record of minimum 3 years in business.
|
Down Payment |
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30%
|
Penal Charges |
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1% to be realized on the overdue loan amount or minimum BDT 200/- whichever is higher. |
Interest rate |
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The interest rate is subject to change based on the market conditions and policy of the Bank. |
Repayment Method |
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Equated monthly installment. |
Other fees & Charges |
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As per policy and scheduled charges of our Bank. |
Tenure of the loan |
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Minimum 12 months - Maximum 60 months. |
