Employees of reputed Local Corporate, MNCs, NGOs, Airlines, Private Universities, Schools and Colleges, International Aid Agencies and UN bodies, Government Employees, Self-employed Professionals (Doctors, Engineers, Chartered Accountants, Architects, Consultants), Businessmen.
Purpose
Marriages in the family, Purchase of office equipment / accessories, Purchase of miscellaneous household appliances,
Purchase of Personal Computers, Purchase of audio-video equipment, Purchase of furniture.
Loan Amount
Minimum Tk. 25,000.00
Maximum Tk. 5,00,000.00
Charges
Application fee: Tk. 500.00
Processing fee: 1% on the approved loan amount or Tk. 2000.00 whichever is higher
Tenor
Min 12 months
Max 36 months
Rate of Interest
14.50% p.a. - 17.50% p.a.
Security
Hypothecation of the product to be purchased. Two personal guarantees (as per our list of eligible guarantors)
Product Name
Auto Loan
Target Customer
Employees of reputed Local Corporate, MNCs, NGOs, Airlines, Private Universities, Schools and Colleges, International Aid Agencies and UN bodies, Government Employees, Self-employed Professionals (Doctors, Engineers, Chartered Accountants, Architects, Consultants), Businessmen
Purpose
To purchase Brand new vehicle, non-registered reconditioned vehicle
Loan Amount
70% for the brand new car
60% for the reconditioned car but must not exceed BDT 10,00,000.00
Charges
Application fee: Tk. 500.00
Processing fee: 1% on the approved loan amount or Tk. 5000.00 whichever is higher
Tenor
For Reconditioned Car: Max 36 months
For Brand new Car: Max 60 months
Rate of Interest
14.50% p.a. - 17.50% p.a.
Security
Hypothecation of the vehicle to be purchased. Two personal guarantees (as per our list of eligible guarantors)
Product Name
Easy Loan (For Executives)
Target Customer
The loan is specially designed for salaried people who are employed in different reputed companies
Purpose
Marriages in the family, Purchase of office equipment / accessories, Purchase of miscellaneous household appliances,
Purchase of Personal Computers, Purchase of audio-video equipment, Purchase of furniture, Advance rental payment, Trips abroad, Admission/Education fee of Children etc.
Loan Amount
Minimum Tk. 50,000.00
Maximum Tk. 3,00,000.00
Charges
Application fee: Tk. 500.00
Processing fee: 1% on the approved loan amount or Tk. 1000.00 whichever is higher
Tenor
Min 12 months
Max 36 months
Rate of Interest
16.00% p.a.
Security
Letter of confirmation from the employer. One personal guarantee (as per our list of eligible guarantors)
Product Name
Gold Grace - Jewellery Loan
Target Customer
Both female & male employees may apply viz. employees of reputed Banks & Leasing companies, reputed Local Corporate, MNCs, NGOs, Airlines, Private Universities, Schools and Colleges, International Aid Agencies and UN bodies. Government Employees. Self-employed Professionals (Doctors, Engineers, Chartered Accountants, Architects, Consultants). Businessmen with a reliable regular source of income.
Purpose
To purchase ornaments/Jewellery for personal use
Loan Amount
Minimum Tk. 50,000.00
Maximum Tk. 3,00,000.00
Charges
Application fee: Tk. 500.00
Processing fee: 1% on the approved loan amount or Tk. 1000.00 whichever is higher
Tenor
Min 12 months
Max 36 months
Rate of Interest
16.00% p.a.
Security
Letter of confirmation from the employer. Personal guarantee from the parents and spouse (if married)
Product Name
House/Office Furnishing/Renovation Loan
Target Customer
Expatriate Bangladeshi nationals who are in business or service holders. Employees of reputed Banks & Leasing companies, reputed Local Corporate, MNCs, NGOs, Airlines, Private Universities, Schools and Colleges, International Aid Agencies and UN bodies. Government Employees. Self-employed Professionals (Doctors, Engineers, Chartered Accountants, Architects, Consultants). Reputed and highly respectable Businessmen with a reliable source of income
Purpose
House/Office Furnishing/ Renovation, For interior decoration / Titles Stones, Electrical fittings, wooden cabinets / Overall furnishing and all types of House/Office Renovation, purchase/furnishing of apartments etc.
Loan Amount
Minimum Tk. 1,00,000.00
Maximum Tk. 10,00,000.00
Charges
Application fee: Tk. 500.00
Processing fee: 1% on the approved loan amount or Tk. 2000.00 whichever is higher
Tenor
Min 12 months
Max 48 months
Rate of Interest
16.50% p.a.
Security
Title deed of the House/Office to be furnished/renovated along with memorandum of deposit of title deed duly supported by a notarized power of attorney to be kept by the bank as a matter of comfort. Two personal guarantees (as per our list of eligible guarantors). Registered mortgaged of the property if the loan amount is more than Tk. 5.00 lac
Product Name
Staff Loan
Target Customer
All permanent employees of ABBL
Purpose
Marriages in the family, Purchase of office equipment / accessories, Purchase of miscellaneous household appliances,
Purchase of Personal Computers, Purchase of audio-video equipment, Purchase of furniture
Loan Amount
According to the debt burden ration and other criteria
Charges
Processing fee: 1% on the approved loan amount
Tenor
Min 12 months
Max 36 months
Rate of Interest
15.50% p.a.
Security
Hypothecation of the product to be purchased
Product Name
Education Loan
Target Customer
Students Criteria:
• Students of reputed Educational Institutes, such as Public & Private Universities, Medical Colleges & Engineering Institute.
• Undergraduate & Post graduate Level
• Professionals degrees (Chartered Accountants (CA), Cost & management Accountants (CMA), Marine, MBM, MBA)
• Doctorate degree (PhD), FCPS etc.
• Occupation: Student
• Minimum Age: 17 years
• Maximum Age: 40 years
• Educational Qualification: Minimum HSC/A-Level Pass. Parents Criteria: Service Holder:
• Individuals with ranks equivalent to Senior Assistant Secretary or higher would qualify guarantor
• Bank officials (Equivalent to Senior Principal Officer of NCBs, AVP / Branch Manager of Local and Foreign banks) and Department Head of Multinational Company or established Local Corporate. Guarantors must be accepted by the Branch Manager / Head Office. Businessman:
• Well reputed and widely respected Self-employed professionals
Purpose
To Financially Assist The Parents: Admission/Education Fees, Semester Fees, Study abroad
Loan Amount
Minimum Tk. 50,000.00
Maximum Tk. 3,00,000.00
Charges
Application fee: Tk. 500.00
Processing fee: 1% on the approved loan amount or Tk. 1000.00 whichever is higher
Tenor
Min 12 months
Max 36 months
Rate of Interest
14.50% p.a. - 16.00% p.a.
Security
One personal guarantees (as per our list of eligible guarantors)
Secured Loans
Product Name
Personal Loan
Target Customer
All Clients of ABBL
Purpose
To meet personal requirement of fund
Loan Amount
Maximum 95% of the present value of the security
Charges
Processing fee: Tk. 1000.00
Tenor
Min 12 months
Max 36 months
Rate of Interest
13.50% p.a. - 16.50% p.a. (subject to type of the security). 2% spread must be maintained in case of own bank FDR
Security
Lien over FDR, BSP, ICB Unit Certificate, RFCD, NFCD, CD account(s) etc. One personal guarantee in case of third party cash collateral (as per our list of eligible guarantors)
Product Name
Personal Overdraft
Target Customer
All Clients of ABBL
Purpose
To meet personal requirement of fund
Loan Amount
Maximum 95% of the present value of the security
Charges
Processing fee: Tk. 1000.00
Tenor
Revolving with annual review
Rate of Interest
13.50% p.a. - 16.50% p.a. (subject to type of the security). 2% spread must be maintained in case of own bank FDR
Security
Lien over FDR, BSP, ICB Unit Certificate, RFCD, NFCD, CD account(s) etc. One personal guarantee in case of third party cash collateral (as per our list of eligible guarantors)