bankasia-bd.com Loan For Professionals Bangladesh : Bank Asia

Name of the Organization : Bank Asia Limited
Type of Facility : Loan For Professionals
Country : Bangladesh

Website : https://www.bankasia-bd.com/

Loan For Professionals :

A personal loan scheme meant for professionals only (doctors, engineers, architects, IT professionals, management consultants etc.) to support their small scale purchase of different equipment, tools and small machineries for installation at their business sites / offices.

Related : Bank Asia Bangladesh Apply For House Finance : www.statusin.org/6781.html

1. Customer Segment:
Any Bangladeshi in the following professions as self employed or salaried people:
** Doctors or medical professionals
** Engineers
** Architects
** IT professionals
** Management Consultants

2. Loan Feature:
** Loan amount Tk. 50,000.00 to Maximum Tk.5,00,000.00
** Repayment tenure Minimum 1year to Maximum 4 years.
** Payment method- Equal Monthly Installments.
** Competitive interest rate
** No early settlement & partial adjustment fees
** No hidden cost.

3. Eligibility:
** Age limit: Minimum 25 years, Maximum 65 years at loan maturity
** Minimum income Tk 15,000.00 per month
** For salaried individual, must be confirmed employees of a relevant firm. For self employed individual, a business record of minimum 2 years.

Unsecured Personal Loan :
Unsecured Personal Loan (UPL) is a terminating facility offered by Bank’s Consumer Credit Department to individual salaried persons living in the cities / towns where the Bank has its operations.

It is a clean or unsecured loan in the sense that only security in this type of loan product is: a) Letter of Introduction from employer b) Transfer of monthly salary and assignment of Terminal Benefits c) Personal Guarantee taken from specific section of people.

1. 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), international aid agencies & UN bodies, having a reliable source of income.

2. Loan Feature :
** Loan amount minimum Tk. 50,000.00 to Maximum Tk.10,00,000.00
** Repayment tenure Maximum 4 years.
** Payment method- Equal Monthly Installments.
** Competitive interest rate
** No hidden cost.

3. Eligibility :
** Age limit: Minimum 25 years, Maximum 57 years at loan maturity
** Minimum income Tk 15,000.00 per month
** Minimum service length 2 years. At least 6 months with current employer

Consumer Durable Loan :
A personal loan scheme that supports purchase of various consumer durables such as Television, Refrigerator, Air Conditioner, Audio-Video Equipments, Washing Machine, Personal Computers, other household furniture/ appliances etc.

Under this scheme, the item purchased to be hypothecated to the bank. In addition, on a case-to-case basis, bank may also secure the loan partially by the commonly acceptable form of cash/ quasi cash securities available in the market.

Senior Citizen Support :
Senior Citizen Support is a terminating facility offered by Bank’s Retail Banking Division to the Senior Citizen in the society living in the cities / towns where the Bank has its operations.

It is a special loan package to the senior citizen having repayment capacity. It is an unsecured facility.