UCB Advanced Against Salary Loan

UCB Advanced Against Salary Loan

An attractive package without any Early settlement fees.

Key Product Features

Interest Rate 11.00%
No early settlement fee on the loan amount.
Min. financing Amount BDT 100 000
Max. financing Amount BDT 1 000 000
Min. loan tenure 1 year
Max. loan tenure 5 year
Islamic / Conventional Conventional
Approval duration United Commercial Bank will take approximately 10 working days to review and approve your loan request.

Fees and Charges

One time set-up Penalties
Processing fee
1% on approved loan amount.

Stamp duty
1% of loan amount service charge and Stamp duty at actual.
Early Settlement
No fees.

Late Payment Charges
2% on overdue amount.

Eligibility

Age requirement
Age 21 - 60

Min Income requirement
BDT 20 000

Employment Eligibility
Salaried Employee
Self Employed

Other requirements


Need to open linked bank account?
Yes

UCB Advanced Against Salary Loan

  1. Terms and Conditions
    For salaried individual, minimum total service length of 2 years and Govt. employees must be confirmed on job.
  2. What will it cost you and how will you be charged?
    #United Commercial Bank will charge the following fees while processing this loan : #Processing fee is 1%. #Service charge is 1% of the loan amount and Stamp duty at actual.
  3. How long will the application take and what documentations are required?
    #Loan Request Approval Time : United Commercial Bank will take approximately 10 working days 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 : *. Copy of National Id card of the applicant. *. Copy of TIN certificate. *. 2 copy PP size photographs of the applicant. *. Photocopy of bank statement of last 1 year. *. Relevant documents that substantiate applicant’s professional activity.
  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.