Agrani Bank Disability Loan

Table of Contents

Agrani Bank Disability Loan is commonly used to describe the loans and circumstances of physically disabled people.

What is a disability loan?

For the physically disabled, a disability loan is what they use to cover living expenses and disability benefits. This loan can be used to purchase equipment such as wheelchair ramps or mobility scooters. Others refer to a disability loan as a loan for any purpose while receiving disability benefits.

Agrani Bank Loan for the Disabled Persons features

Interest rate is 9%
Loan amount BDT. 25,000 for the first time and 50,000 for the second time.

Required Documents for Loan for the Disabled Persons

To be eligible for the Loan Offer, every student needs to submit the following documents:

Advise of New Account (in duplicate)
Specimen signature cards (in duplicate)
Account Opening Agreement Form
Photographs of Account Holders (in duplicate)
Nationality certificate/Photocopy of a valid passport
Deposit Slips Book
Cheque book Requisition slips
Letter of mandate authorizing another person/s to operate the A/C on behalf of the Account holder, where necessary.
Nominee form duly filled in
Transaction profile duly filled in.

Finally, a person who is mentally healthy but physically disabled can take a loan under this scheme. The person can take the loan individually or jointly with an eligible member of his family.

FAQs for Agrani Bank Loan for Disabled Persons

Q1: What is the interest rate for Agrani Bank’s Loan for Disabled Persons?
A1: The interest rate for Agrani Bank’s Loan for Disabled Persons is 9%.

Q2: What is the maximum loan amount available for the first and second time applicants?
A2: For the first-time applicants, the maximum loan amount is BDT 25,000, and for the second-time applicants, it is BDT 50,000.

Q3: What documents are required to apply for Agrani Bank’s Loan for Disabled Persons?
A3: To be eligible for the Loan Offer, applicants need to submit the following documents:

Advise of New Account (in duplicate)
Specimen signature cards (in duplicate)
Account Opening Agreement Form
Photographs of Account Holders (in duplicate)
Nationality certificate/Photocopy of a valid passport
Deposit Slips Book
Cheque book Requisition slips
Letter of mandate authorizing another person/s to operate the A/C on behalf of the Account holder, where necessary.
Nominee form duly filled in
Transaction profile duly filled in.

Q4: Who is eligible to apply for Agrani Bank’s Loan for Disabled Persons?
A4: Disabled persons who meet the bank’s eligibility criteria are eligible to apply for the loan.

Q5: Can someone else operate the account on behalf of the disabled account holder?
A5: Yes, a letter of mandate authorizing another person/s to operate the account on behalf of the disabled account holder is required where necessary.

Q6: What is the tenure of the loan repayment?
A6: The tenure for loan repayment varies and can be obtained from Agrani Bank upon application.

Q7: Is there any specific requirement regarding the disability for eligibility?
A7: Agrani Bank’s eligibility criteria for disability are defined by the bank. Applicants must meet these criteria to qualify for the loan.

Q8: Are there any additional benefits or services provided along with the loan for disabled persons?
A8: Additional benefits or services may be available, which can be enquired about from Agrani Bank directly during the application process.

Q9: How long does it take for the loan application to be processed?
A9: The processing time for the loan application may vary. Applicants can contact Agrani Bank for specific details regarding the processing timeline.

Q10: Are there any specific conditions or restrictions on the use of the loan amount?
A10: Agrani Bank may have specific conditions or restrictions on the use of the loan amount, which applicants should inquire about during the application process.