Home Webmail Internet Banking     Products & Services   Site Shortcuts Branch Locations   ATM Location   Forms Center     Site Tools Bookmark This Page   Print This Page   Send to Friend       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 Purchase of Brand new cars 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   Home | About Us | Products & Services | Performance | Customer Services | Contact Us   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 Disclaimer | Privacy Policy | Terms & Conditions © Copyright AB Bank Limited. All rights reserved.