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Name of the Organization : Pubali Bank Limited
Type of Facility : Government Primary School Teachers Loan
Country : Bangladesh

Website : http://www.pubalibangla.com/Primary-School-Teacher-Loan.asp

Government Primary School Teachers Loan:

Purpose:
Consumer durables for personal / family use. Items like: 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:
Teachers of local Government Primary School only.

Loan Size:
Upto 6 times of monthly gross salary or maximum Tk.25,000/- including down payment.

Loan to Price Ratio:
Financing 80% 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:
24 months

Repayment Method:
Equal Monthly Installment.

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

Verification of Personal Details and Quotation:
** 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
** 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

Secured Overdraft (OD) :
** Overdrawing permitted by the bank in current account is termed as an overdraft facility.

** Advances in the form of overdraft is allowed in Current Account operated upon by cheques. The Customer is sanctioned a certain limit up to which he can overdraw his current account within a specified period.

Withdrawals and deposits can be made any number of times at the convenience of the borrower provided that the total amount overdrawn dose not at any time exceed the agreed limit.

** Interest is calculated and charged only on the actual debit balances on daily product basis and applied to customer’s account at quarterly rests.

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.

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