Apply For Medical Equipment Loan Bangladesh : Pubali Bank Limited

Name of the Organization : Pubali Bank Limited
Type of Facility : Apply For Medical Equipment Loan
Country : Bangladesh

Website : http://www.pubalibangla.com/Medical-Equipment-Loan.asp

Apply For Medical Equipment Loan :

General Information:
A personal loan scheme meant for professionals (Practicing Physician) only to support their small-scale purchase of different medical equipment, tools and small machineries for installation at their chamber.

Related : Pubali Bank Bangladesh Apply For Flat Purchase Loan : www.statusin.org/6711.html

Customer Segment:
Any Bangladeshi in the following profession as self employed or salaried people: Practicing Physician/Surgeon.

Purpose:
For purchase of items to support professional needs of above customer segment (e.g. purchase of X-ray machine, medical beds, ultra- sonogram machine, mechanical tools, or set up of chamber on a small scale etc)

Minimum Income:
Monthly net income must be 3 times of loan installment.

Loan Size:
Maximum loan size will be Tk.5 Lac

Installment Size per Lac:
Tk. 3,505/- per Lac

Loan to Price Ratio:
Financing 75% of the cost of the item is allowed

Security/ Collateral:
** Hypothecation over purchased assets.
** Comprehensive insurance over assets (Policy must be renewed every year and copy of the policy must be submitted to the bank)
** 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:
3 Years

Repayment Method:
Equal Monthly Instalment

Disbursement Mode:
Wherever possible, payment to be made by issuing Payment Order in vendors name

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.)
** Personal net-worth statement
** 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 (accepted only after seeing the originals) documents are accepted for the purpose:
** Last Tax Return
** Bank Statements for minimum last 6 months
** Personal Net-Worth Statement
** 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.