AB Bank Personal Loan
AB Bank personal loan to individuals for various purposes such as education, medical expenses, home renovation, or any other personal financial requirements. These loans are designed to provide financial assistance with flexible repayment terms to suit the borrower’s needs.
Features of AB Bank personal loans may include:
| Purpose | To meet any of your personal need. |
|---|---|
| Loan Ceiling | Loan Amount maximum Tk. 20 Lac. |
| Fees | – Application fee: Free |
| Processing fee | – Loan Limit up to Tk.50.00 lac @0.50% but not over Tk.15,000 – Loan Limit above Tk.50.00 lac @0.30% but not over Tk.20,000 |
| Tenor | Tenure up to 60 months. |
| Rate of Interest | Attractive interest rate (For Details Please Visit). |
| Security | Hypothecation of the product to be purchased. |
| Guarantee | – Spouse/parent guarantee. – One personal guarantee. |
FAQs (Frequently Asked Questions)
Q: What is the maximum loan amount I can apply for?
A: The maximum loan amount available is Tk. 20 Lac.
Q: Is there an application fee for applying for the loan?
A: No, the application fee is free of charge.
Q: What are the processing fees for the loan?
A: For loan limits up to Tk. 50.00 Lac, the processing fee is 0.50% but not over Tk. 15,000. For loan limits above Tk. 50.00 Lac, the processing fee is 0.30% but not over Tk. 20,000.
Q: What is the maximum tenure for repayment?
A: You can choose a repayment tenure of up to 60 months.
Q: What kind of security is required for the loan?
A: Hypothecation of the product to be purchased is required as security.
Q: Who can provide guarantees for the loan?
A: Guarantees can be provided by either a spouse or parent, along with one personal guarantee.
Q: Where can I find details about the interest rates?
A: Please visit our website or contact our customer service for detailed information on interest rates.
Q: Can the loan be used for any purpose?
A: Yes, the loan can be used to meet any personal need.