Prime Bank Any Purpose Loan

Prime Bank Any Purpose Loan

A Very Attractive Package With Only 0.25% Processing Fee. You can take 14 times of basic salary or BDT 10,00,000 as loan for now during their official campaign.

Key Product Features

Interest Rate 11.00%
11% Interest rate for everyone.
Min. financing Amount BDT 300 000
Max. financing Amount BDT 1 000 000
Min. loan tenure 3 year
Max. loan tenure 5 year
Islamic / Conventional Conventional
Approval duration Prime Bank will take approximately 15 to 20 working days to review and approve your loan request after submission of loan application.

Fees and Charges

One time set-up Penalties
Processing fee
0.25% on the approved loan amount.

Stamp duty
BDT 1200 to BDT 1500
Early Settlement
2% of the rest amount.

Late Payment Charges
N/A

Eligibility

Age requirement
Age 25 - 65

Min Income requirement
BDT 20 000

Employment Eligibility
Salaried Employee
Self Employed

Other requirements


Need to open linked bank account?
Yes

Prime Bank Any Purpose Loan

  1. Terms and Conditions
    #At the end of the loan tenure, you must not exceed 65 years old. Opening of a linked bank account is compulsory. #Special facility available for the Professionals.
  2. What will it cost you and how will you be charged?
    Prime Bank will charge the following fees while processing this loan : 1. The processing fee is .25% to .50% depending on the customer segment (on the approved loan maount). 2. Stamp fee of 1200 to 1500 BDT . 3. DP note (50 taka revenue stamp).
  3. How long will the application take and what documentations are required?
    #Loan Request Approval Time : Depending on the processing time for CIB report, Prime Bank will take approximately 1 month to review and approve your loan request after submission of loan application. #Required Documents: You need the following documents to be approved to get this loan : 1. Copy of National Id card of the applicant. 2. Copy of TIN certificate. 3. 2 copies PP size photographs of the applicant. 4. Photocopy of bank statement of last 1 year of the applicant. 5. Product cost voucher (for household durable loan). 6. Photocopy of Trade license (if business owner).
  4. Can you apply if you have a bad CIB Credit Record?
    No, your application won't be approved if you have bad CIB Credit Record.