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Name of the Organization : Pubali Bank Limited
Type of Facility : Apply For Household Durable Loan
Country : Bangladesh

Website : http://www.pubalibangla.com/Household-Durable-Loans.asp

Apply For Household Durable Loan

General Information:
A personal loan scheme that supports purchase of various consumer durable such as Television, Refrigerator, Air Conditioner, Hi-Fi, Washing Machine, Computers, other household furniture etc.

Related : Pubali Bank Bangladesh Apply For Medical Equipment Loan : www.statusin.org/6713.html

Customer Segment:
Any Bangladeshi individual who has the means and capacity to repay bank loan. In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non Government Organizations).

Minimum Income:
Minimum net income Tk.3,000/- per month

Loan Size:
Upto 1 Lac or 2,00,001 to 3 Lac including down payment.

Loan to Price Ratio:
Financing 75% (in case of 3 years term) / 80% (in case of 2 years term) of the cost of the item is allowed

Security/ Collateral:
** Hypothecation over purchased assets.
** Post dated cheques for each monthly installment.
** One undated cheque for full loan value including full interest to be taken in advance.
** Personal Guarantee of spouse / parents and an individual having minimum solvency/income not less than that of the borrower supported by income proof.

Penal Interest:
Penal interest shall be charged @ 2% over the normal rate on the defaulted installments.

Tenor:
Minimum 24 months & maximum 36 months

Repayment Method:
Equal Monthly Instalment

Disbursement Mode:
Disbursement will be made through Demand Draft/ Payment Order directly to the seller.

Verification of Personal Details and Quotation/span:
Details of an applicant to be verified by a third party before an approval is accorded.
** Letter from employer with details of employment and salary
** Borrower and Guarantors (if any) details (addresses – both present and permanent, all telephone numbers of residence, office & mobile no.)
** Quotation of the item to be purchased
** Bank statement

Substantiation of Income:
Proper substantiation of income will be mandatory. All or any of the following original / true copy of original documents are accepted for the purpose:
** Last Tax Return (in case of 3 years term applicant must be tax payee)
** Bank Statements for minimum last 6 months
** Any other document that may stand as a proof of income

For any query please Contact at:
Tel: (PABX) 9551614
FAX: 880-2-9564009 or
Email us at gsdd [AT] pubalibankbd.com

About Us :
The Bank was initially emerged in the Banking scenario of the then East Pakistan as Eastern Mercantile Bank Limited at the initiative of some Bangalee entrepreneurs in the year 1959 under Bank Companies Act 1913 for providing credit to the Bangalee entrepreneurs who had limited access to the credit in those days from other financial institutions.

After independence of Bangladesh in 1972 this Bank was nationalized as per policy of the Government and renamed as Pubali Bank. Subsequently due to changed circumstances this Bank was denationalized in the year 1983 as a private bank and renamed as Pubali Bank Limited

Contact Us :
Pubali Bank Limited
Head Office, 26 , Dilkusha Commercial Area,
Dhaka – 1000, Bangladesh.
G . P . O. Box. Number : 853.