Loanbazar Lorem ipsum dolor sit amet consectetur adipisicing elit. Veniam, quaerat.

Contact Info

Moonshine St. 14/05
Light City, London
info@email.com
+00 (123) 456 78 90

Follow Us

Personal Loan

It refers to a sum lent to one party (the borrower) by the other party (banks & FIs) for a period fixed upon mutual agreement with a commitment to repay the same with interest/profit under a pre-agreed time schedule for the purpose of purchasing household durables or meeting urgent needs.  

Loan amount: Minimum Tk. 50,000.00 to Maximum Tk. 2,000,000.00

Standard Chartered Bank Ltd.

Interest Rate Range

9.00% Fixed

Processing Fee

0.5 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

12 to 60 Months

You can avail of loans ranging from BDT 50,000 to BDT 20 lacs (2M) depending on your eligibility, income and repayment capacity.

Fees & Charges

  • Processing Fee:2% of the approved loan amount.
  • Early Adjustment Fee: 2% of the outstanding amount.
  • Partial Payment Fee: 2% of the prepayment amount.
  • Penal Charge: 2% on the arrears amount.

Features

  • Loan amount: minimum Tk. 50,000.00 to Maximum Tk. 2,000,000.00
  • Repayment tenure: maximum 5 year.
  • Re-payment method: Equal Monthly Installments.
  • No hidden cost.

Eligibility

  • Minimum Monthly Income: SCB Employee Banking: BDT 18,000
  • Others Bank Salary Account: BDT 35,000
  • Minimum Job Experience: 1 Year.
  • Age Requirement: 23 Years to 65 Years.
  • BDT 55,000 for businessman and self-employed customers.

Loan amount from BDT 1 lac to BDT 20 lac.

The City Bank Ltd.

Interest Rate Range

9.00 % Floating

Processing Fee

1.00 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

1-5 Years

Whatever the occasion or requirement, make smart financial choice with City Bank Personal Loan to fulfill all your dreams, reach to new heights and make your day to day journey of life joyful.

Fees & Charges

  • Processing Fee: 0.5% of the approved loan amount.
  • Early Settlement Fee: 2% of the loan outstanding.
  • Prepayment Fee: 1% of the prepaid amount.
  • Loan Re-scheduling Fee: 1% of the loan outstanding.
  • Penal Charge: 3% on the arrears amount.

Features

  • Loan amount from BDT 1 lac to BDT 20 lac.
  • Loan tenure 12 to 60 months.
  • Competitive interest rate.
  • No processing fee on takeover amount.

Eligibility

  • Minimum Income: BDT 30,000
  • Landlord: BDT 30,000
  • Professional: BDT 50,000
  • Age Requirement: 21 Years to 65 Years.
  • Minimum Experience: 1 Year.
  • Professionals: Minimum 2 years of practice.

One personal Guarantor needed; spouse can stand as a guarantor.

Eastern Bank (EBL)

Interest Rate Range

9.00% Floating

Processing Fee

1%

Loan Amount

BDT 20 Lac Max

Loan Tenure

1 - 5 Years

BDT 25000/= for Salaried Executives (Govt. & Non-Govt.) & BDT 40000/= for Self-employed professionals/Landlords.

Fees & Charges

  • Processing Fee: 1.00% of the approved loan amount.
  • Early Settlement Fee: 2% of the loan outstanding.
  • Prepayment Fee: 2% of the prepaid amount.
  • Penal Charge: 3% on the arrears amount.

Features

  • Loan Amount Ranges from BDT 100,000 to BDT 2,000,000 or up to 20 times of Gross Monthly income, whichever is lower.
  • Repayment tenure of 12 months to 60 months.
  • Automatic realization of Monthly Installments.
  • Early Full and partial settlement allowed.
  • Shortest Loan Processing Time.

Eligibility

  • Age Minimum 22 years.
  • Maximum 60 years (Salaried), 65 years (Landlord/Professional)
  • Salaried Executive: Minimum 1 year, 6 months with present employers.
  • Self-employed Professionals: Minimum 1-year practice in the respective profession.

Loan amount from BDT 50,000 to BDT 20 lac.

Dutch-Bangla Bank Ltd. (DBBL)

Interest Rate Range

8.5 % Fixed.

Processing Fee

1.00 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

1-5 Years

Self-employed Professionals: Minimum 1-year practice in the respective profession.

Fees & Charges

  • Processing Fee: 1% of the outstanding amount.
  • Early Settlement Fee: 2% of the loan outstanding.
  • Partial Payment Fee:1% on partial amount.

Features

  • Loan amount from BDT 50,000 to BDT 20 lac.
  • Loan tenure 12 to 60 months.
  • No hidden charges.
  • Competitive interest rate.

Eligibility

  • Minimum Income: BDT 30,000
  • Age Minimum 21 years.
  • Maximum 60 years (Salaried), 65 years (Landlord/Professional)
  • Salaried Executive: Minimum 1 year, 6 months with present employers.
  • Self-employed Professionals: Minimum 1-year practice in the respective profession.

Loan amount: minimum Tk. 50,000.00 to Maximum Tk. 2,000,000.00*

Bank Asia Ltd.

Interest Rate Range

9.00% Floating.

Processing Fee

1.00 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

1-5 Years

Minimum income Tk. 15,000.00 per month.

Fees & Charges

  • Penal Interest: 2% per month on overdue amount.
  • Processing fee: 0.50% but not exceeding Tk. 15,000
  • Partial / Final prepayment: 0.50% on prepayment amount.
  • Relevant stamp charges will be realized from the borrower(s)

Features

  • Loan amount: minimum Tk. 50,000.00 to Maximum Tk. 2,000,000.00*
  • Repayment tenure: maximum 5 year.
  • Only spouse is allowed as joint applicant.
  • Re-payment method: Equal Monthly Installments.
  • No hidden cost.

Eligibility

  • Age limit: Minimum 23 year, Maximum 65 year at loan maturity*
  • Minimum income Tk. 15,000.00 per month.

Maximum loan amount BDT 1,000,000.

IFIC Bank Limited.

Interest Rate Range

9.00 % Floating

Processing Fee

1 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

1-5 Years

To Meet any personal financial requirement of yours IFIC Bank is here with flexi loan. Whatever your requirement is Flexi Loan (Personal Loan) is the solution.

Fees & Charges

  • Processing Fee: 1% of the approved loan amount.
  • Early Adjustment Fee: 1% of outstanding amount.
  • Partial Payment Fee: 1% of the prepayment amount.
  • Penal Charge: 2.5% on the arrears amount.

Features

  • Maximum loan amount BDT 1,000,000.
  • Flexible repayment Equal Monthly Installments (EMIs) over a period of 12 months to 60 months.
  • Competitive interest rate.
  • Early Full and partial settlement allowed.
  • Shortest Loan Processing Time.

Eligibility

  • Minimum Income: BDT 30,000
  • Landlord: BDT 30,000
  • Professional: BDT 50,000
  • Age Requirement: 21 Years to 65 Years
  • Minimum Experience: 1 Year. Professionals: Minimum 2 years of practice.

Maximum loan amount BDT 20 Lac

Prime Bank Limited

Interest Rate Range

8.50 % Floating

Processing Fee

1 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

1-5 Years

Minimum Income: BDT 30,000, Landlord: BDT 30,000. Professional: BDT 50,000.

Fees & Charges

  • Processing Fee: 1% of the approved loan amount.
  • Takeover facility with Zero processing fees.
  • Early Adjustment Fee: 1% of outstanding amount.
  • Partial Payment Fee: 1% of the prepayment amount.
  • Penal Charge: 2.5% on the arrears amount.

Features

  • Offer for any legitimate financial purpose
  • Competitive Processing Fees & Early Settlement Fees
  • Flexible loan tenor (Maximum 05 Years)
  • Maximum loan amount BDT 20 Lac
  • Loan repayment with Equal Monthly Installment (EMI)

Eligibility

  • Minimum Income: BDT 30,000
  • Landlord: BDT 30,000
  • Professional: BDT 50,000
  • Age Requirement: 21 Years to 65 Years.
  • Minimum Experience: 1 Year. Professionals: Minimum 2 years of practice.

Maximum Loan Amount of up to BDT 20 Lac.

United Commercial Bank (UCBL)

Interest Rate Range

9.00 % Floating

Processing Fee

1.00 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

1-5 Years

** Any legitimate personal financial needs i.e. marriage, travel, education, CNG conversion, medical equipment purchases, treatment etc.

Fees & Charges

  • Processing Fee: 1% of the approved loan amount.
  • Takeover facility with Zero processing fees.
  • Early Adjustment Fee: 1% of outstanding amount.
  • Partial Payment Fee: 1% of the prepayment amount.
  • Penal Charge: 2.5% on the arrears amount.

Features

  • Maximum loan amount of up to BDT 20 Laces.
  • Convenient loan repayment tenure of up to 5 years.
  • Completely unsecured loan, no cash securities or any other collateral required.
  • Attractive interest rate and fees.
  • No hidden charges.
  • Fast approval process.
  • Loan top up and take over facility.

Eligibility

  • Salaried executives, businesspersons and self-employed individuals.
  • Applicant must have a minimum income of:
  • Salaried customers: BDT 25,000
  • Doctors: BDT 35,000
  • Self-employed customers: BDT 40,000
  • Businessmen: BDT 45,000
  • Loan applicant must be at least 21 years of age.

Loan amount ranges from BDT 50,000/- to BDT 20,00,000/-

One Bank Ltd.

Interest Rate Range

9.00% Floating

Processing Fee

1.5 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

1-5 Years

No processing fee for loan takeover from other bank/financial institution.

Fees & Charges

  • Processing Fee: 1.00 %
  • Early Settlement Fee: 2% of the loan outstanding.
  • Partial Payment Fee:3% on partial amount.
  • Penal Charge:3% on the arrears amount.

Features

  • Loan amount ranges from BDT 50,000/- to BDT 20,00,000/-
  • Repayment tenure: Up to 60 months.
  • Minimal documentation.
  • No processing fee for loan takeover from other bank/financial institution.

Eligibility

  • Minimum Income: BDT 25000.
  • Professionals, Business Individuals & Land Lord: Minimum BDT 50,000/-
  • Minimum Experience: 6 months Bank statement of a permanent job.
  • Age Requirement: 21 Years to 60 Years.
  • Salaried executives, businesspersons and self-employed individuals.

Maximum loan amount of up to BDT 20 Lac.

Trust Bank Limited

Interest Rate Range

9.00 %Floating

Processing Fee

2 %

Loan Amount

BDT 20 Lac Max

Loan Tenure

1-5 Years

We have so many needs, some are attainable with our means & standing and some are unattainable. The unattainable needs can be met by TBL. "Personal Loan'

Fees & Charges

  • Processing Fee: 1.00%
  • Early Settlement Fee: 1.00% of the loan outstanding.
  • Partial Payment Fee: 1.00% on partial amount.
  • Penal Charge: 1.00% on the arrears amount.

Features

  • Maximum loan amount of up to BDT 20 Lac.
  • Convenient loan repayment tenure of up to 5 years.
  • Attractive interest rate and fees.
  • No hidden charges.
  • Fast approval process.
  • Loan top up and take over facility.

Eligibility

  • Minimum Income: BDT 30,000.
  • Professionals, Business Individuals & Land Lord: Minimum BDT 50,000/-
  • Minimum Experience: 6 months Bank statement of a permanent job.
  • Age Requirement: 23 Years to 65 Years.

Disclaimer: At Loanbazaarbd.com, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

F.A.Q

Presentinng Banking Plan & Services

 

A Personal loan is a type of unsecured loan that you can borrow from a bank or financial institution if you require funds to pay for your financial needs.

 

Below-given are the benefits and features of a personal loan:

  • No Security Required: This loan is collateral-free. You can borrow up to BDT. 20 Lac without securing any asset with the bank/NBFI.
  • Affordable Interest Rate: The personal loan interest rate starts at 9.00%. The rate of interest is much lower than interest charged (as high as 36%) on a credit card loan.
  • Flexible Tenure: The tenure is flexible: between 1 year and 5 years. You can choose loan tenure as per your repayment ability.
  • Quick Disbursal: The loan amount is quickly disbursed within 72 hours of loan approval. Therefore, you can choose a personal loan to fulfil urgent expenses.
  • Online Application: Most lenders allow you to apply for a personal loan online. Thus, no branch visits are required to request for the funds.

 

You borrow a loan when you require credit. Once you submit your loan application to a lender for a personal loan, the lender verifies and approves it. Post this, the loan amount is disbursed into your bank account. Once you receive the loan amount, you will need to repay the lender via EMIs for the loan repayment tenure.

 

The maximum amount of loan depends on your monthly income. In India, there are lenders who offer up to BDT. 20 lacs.

 

If you happen to get some extra money, you can pay it towards your loan even before the EMIs are due. This is called a prepayment. Every prepayment you make goes towards reducing the outstanding principal component of your loan. And since the principal reduces, your interest cost will also reduce. Also, your tenure gets shortened this way, helping you pay off the loan ahead of time.

 

The minimum salary requirement will vary from lender to lender. Most lenders, however, will require you to earn at least BDT. 30,000. If you reside in a metropolitan city, you may have to earn between BDT.30,000 and BDT.35,000.

 

Most lenders will allow you to make pre-payments or pre-close your loan during the loan repayment term. You will, however, have to pay a nominal charge to the lender for doing the same. Keep in mind that most lenders will only allow you to prepay or pre-close your loan after 1 year of borrowing the loan. If you want to prepay/pre-close your loan, ensure that you inform your lender of the same.

 

There are a number of ways by which you can repay your loan. These include:

  • Via Electronic Fund Transfer (EFT)
  • By cheque
  • By physically paying at a branch of the lender
  • Via standing instruction for automatic deduction from your account

 

As a borrower, you can avail an additional loan amount with the top-up facility. This facility is over your existing loan. The interest rate charged on the additional amount could be the same or 1% more than the existing rate. The tenure of the top-up loan is the same as the current tenure of the existing loan.

 

You can transfer your personal loan balance from your existing lender to another lender. Usually people opt for a balance transfer because the new lender has a better interest rate or service offer. Here the new lender will help you with the formalities to wrap up with the old lender. The new lender will offer you balance transfer service at a lower interest rate or a better offer for a fixed tenure.