personal loan

Apply for Personal Loan from Home with Bank Asia!

Bank Asia offers UPL or Unsecured Personal Loan as a term loan facility to salaried individuals to cater to their personal needs.

Short Description

Bank Asia offers UPL or Unsecured Personal Loan as a term loan facility to salaried individuals to cater to their personal needs. This is termed as am “any purpose” loan. We are offering UPL at 9% interest rate as per Bank Asia specification. However, the purpose of the loan needs be clearly mentioned by the loan applicant.

Customer Requirement(s)

  • A Bangladesh Citizen who has the means and capacity to repay the loan
  • The loan is offered to both individuals and corporate or NGO that have a reliable income source
  • Main applicant’s minimum age should be of 23 years and maximum age should be 65 years at of loan maturity.
  • The applicant must have minimum income of BDT 15000 per month. BDT 20000 is preferred for those with only one source of income.

Benefits

  • Loan amount starts from minimum Tk. 50,000 to Maximum Tk. 2,000,000
  • Repayment tenure is maximum 5 year
  • The Spouse (only) is allowed as joint applicant
  • Re-payment method is in Equal Monthly Installments.
  • No hidden cost

Required Documents

Common Documents for Unsecured Personal Loans

  • Passport-Sized Copies of the Applicant’s Recent Photograph (2 copies of applicant and 1 each for guarantors).
  • One Copy of Valid NID/Birth Certificate/ Bangladesh Passport/ Driving License of the Applicant.
  • Last Tax Return/TIN Certificate.
  • Valid letter of introduction for a Service Holder
  • Visiting Card
  • Salary Slip with duly stamped by competent authority (if salary is paid in cash form
  • Valid trade license for a Business Person
  • Latest Bank Statement of Minimum 6 months
  • Quotation pf the item to be purchased
  • Two personal Guarantees (Spouse/parents/immediate relatives and an individual acceptable to the bank.
  • Borrower and Guarantor details (Present and permanent address, telephone number of residence and office & Mobile number)
  • Any other document that may stand as a proof of income
  • Utility Bills

Common Documents for Guarantors

  • 1 Passport-Sized Copies of the Guarantor’s Recent Photograph.
  • One Copy of Valid NID/Birth Certificate/ Bangladesh Passport/ Driving License of the Guarantor.
  • Visiting Card
  • Guarantor’s monthly income must be three times of the loan installment
  • Guarantor must have own residence in Dhaka Metropolitan Area
  • Guarantor details (Present and permanent address, telephone number of residence and office & Mobile number)
  • Any other document that may stand as a proof of income
  • Utility Bills

Bank Charges and Fees

  • Processing fee is 1% of the loan amount with 15% VAT on processing fees.
  • CIB charge BDT 110
  • Stamp charge BDT 1750

 

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