BCB Consumer Credit Scheme » Loan Offer Bangladesh

BCB Consumer Credit Scheme: Unleash Your Financial Freedom

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Are you in need of financial support without the hassle of security or collateral? Look no further than the BCB Consumer Credit Scheme. Here are the key features of this exciting financial opportunity:

Key Features

Loan Limit: Up to BDT 500,000/- without the need for collateral.

Loan Duration: Enjoy the flexibility of choosing a loan period ranging from a minimum of 12 months to a maximum of 36 months.

Easy Repayment: Pay off your loan with ease through equal monthly installments.

Interest Rate: Benefit from a competitive interest rate of 9%, unless specified otherwise by Bangladesh Bank regulations concerning allowance subsidies.

Interest Rebate: Receive a 1% interest rebate/return on the paid interest amount for consistently making regular installment payments.

Read: BCB Teachers’ Loan

Read: BCB Special Loan

Eligibility Criteria

Age: Applicants must be between 20 to 50 years.
Work Experience: A minimum service history of 3 (three) years is required.
Monthly Income: A minimum monthly income of BDT 15,000/- is necessary to qualify.
Certification: Documentation from the relevant institution is a mandatory requirement.
Personal Guarantees: If married, one personal guarantee from your spouse is needed. In the case of unmarried applicants, one personal guarantee from an eligible family member is required.
Banking Relationship: You must maintain an associated Savings/Current Account at the respective branch.

The BCB Consumer Credit Scheme is your pathway to achieving your financial goals without the burden of security, offering you financial freedom and peace of mind.

Frequently Asked Questions (FAQs) for BCB Consumer Credit Scheme

Q1: What is the eligibility criteria for the BCB Consumer Credit Scheme?
A1: To be eligible, you must be aged 20 to 50, have a minimum service history of 3 years, a monthly income of at least BDT 15,000, and maintain an associated Savings/Current Account at the concerned branch.

Q2: Is collateral or security required for this loan?
A2: No, the BCB Consumer Credit Scheme is security-free, so you don’t need collateral.

Q3: What is the maximum loan amount I can apply for?
A3: You can apply for a loan of up to BDT 500,000.

Q4: How long can I choose the loan duration for?
A4: You have the flexibility to select a loan period ranging from a minimum of 12 months to a maximum of 36 months.

Q5: What is the interest rate for this scheme?
A5: The interest rate is 9%, unless there are specific Bangladesh Bank regulations regarding allowance subsidies that apply.

Q6: Is there any benefit for timely payments?
A6: Yes, for regular installment payments, you can enjoy a 1% interest rebate on the paid interest amount.

Q7: What kind of guarantees are required for the loan?
A7: If married, one personal guarantee from your spouse is required. For unmarried applicants, one personal guarantee from an eligible family member is needed.

Q8: Do I need to have an existing account with the bank to apply?
A8: Yes, you must have an associated Savings/Current Account maintained at the concerned branch to be eligible for this scheme.

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BCBL BANK

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