Personal Loan (Personal Banking Loan Products) by AB Bank

Name

Personal Loan (Personal Banking Loan Products)

Description
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 Amount
Minimum Tk. 50,000/-
Maximum Tk. 5,00,000/- ( upto Tk. Ten lac covered by tangible security acceptable to the bank.)
Tenure
Min 12 months
Max 36 months
Max 60 months (for house/office renovation loan)
Interest Rate
14.50% p.a. – 17.50% p.a. Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount or Tk. 2000/- whichever is higher
Conditions
Security Hypothecation of the product to be purchased.
Guarantee Personal guarantee of spouse/parents only.

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