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Retail Banking
Personal Banking Loan Products
Product Name Personal Loan
Purpose Personal loan may be availed for any purpose deemed appropriate for lifestyle and personal exigencies including purchase of household items, marriage, travel, medical treatment, CNG conversion, Festival, renovation etc.
Loan Limit Minimum Tk. 50,000/-
Maximum Tk. 5,00,000/- ( upto Tk. Ten lac covered by tangible security acceptable to the bank.)
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 2000/- whichever is higher
Tenor Min 12 months
Max 36 months
Max 60 months (for house/office renovation loan)
Rate of Interest 14.50% p.a. - 17.50% p.a.
Security Hypothecation of the product to be purchased.
Guarantee Personal guarantee of spouse/parents only.

Product Name Auto Loan
Purpose
  1. Purchase of Brand new cars
  2. Purchase of Re-conditioned cars
Loan Limit 80% of the value of the brand new car or reconditioned car but not exceeding BDT 20,00,000/-
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 5000.00 whichever is higher
Tenor Reconditioned Car: Max 60 months
Brand new Car: Max 72 months
Rate of Interest 14.50% p.a. - 17.50% p.a.
Security Hypothecation of the vehicle to be purchased.
Guarantee Personal guarantee of spouse/ parents only.

Product Name Education Loan (disbursed to parents/guardian)
Purpose To assist Parents/guardians for  Admission/Education Fees, Semester Fees, Study abroad for their children/wards
Loan Limit Minimum Tk. 50,000/-
Maximum Tk. 5,00,000/- (upto Tk.Ten lac covered by tangible security acceptable to the bank)
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 1000.00 whichever is higher
Tenor Min 12 months
Max 48 months
Rate of Interest 14.50% p.a. - 17.50% p.a.
Guarantee Personal guarantee of spouse/parents only

Product Name Education Loan (for executive)
Purpose To assist Executives pursue Higher Studies/professional qualification at local/overseas institutions
Loan Amount Minimum Tk. 50,000/-
Maximum Tk. 5,00,000/- (upto Tk.Ten lac covered by tangible security acceptable to the bank)
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 1000.00 whichever is higher
Tenor Min 12 months
Max 48 months
Rate of Interest 14.50% p.a. - 17.50% p.a.
Guarantee Personal guarantee of spouse/parents

Product Name Home Loan
Purpose 1. Purchase of apartment/house within the Municipal areas of town/cities in Bangladesh.
2. Purchase of independent house not more than 5 years old.
3. Completion of construction of a new house.
Loan Limit Minimum BDT 500,000/-
Maximum 80% of the value of the flat or construction cost for completion but not more than Tk. 1,00,000,00/-
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount
Tenor
  • Minimum 3 Years
  • Maximum 15 Years
Rate of Interest 13.00% p.a.
Security Registered mortgage of property supported by a registered irrevocable general power of attorney
Guarantee Personal guarantee of spouse/ parents/legal heir

Secured Loan
Product Name Personal Loan
Purpose To meet personal requirement of fund
Loan Amount Maximum 95% of the present value of the security
Charges Processing fee: Tk. 1000/-
Tenor Min 12 months
Max 36 months
Rate of Interest For ABBL FDR, 3% higher than the rate of deposit
12.00 % p.a. -15.00 % p.a. (for other Bank FDR)
Security Lien over FDR, ICB Unit Certificate, RFCD, NFCD, CD account(s) etc. One personal guarantee in case of third party cash collateral

Product Name Personal Overdraft
Purpose To meet personal requirement of fund
Loan Amount Maximum 95% of the present value of the security
Charges Processing fee: Tk. 1000/-
Tenor Revolving with annual review
Rate of Interest For ABBL FDR, 3% higher than the rate of deposit
12.00 % p.a. -15.00 % p.a. (for other Bank FDR)
Security Lien over FDR, ICB Unit Certificate, RFCD, NFCD, CD account(s) etc. One personal guarantee in case of third party cash collateral
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AB Bank Limited, BCIC Bhaban, 30-31 Dilkusha C/A, Dhaka 1000
Phone: +880-2-9560312 Fax: +880-2-9555098 Email: info@abbank.com.bd
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