BCB Special Loan

Bangladesh Commerce Bank Limited is a commercial bank that provides financial services to businesses, organizations, and individuals. Its core business is obtaining deposits and providing loans. BCBL offers a variety of deposit accounts, including current deposit accounts, saving deposit accounts, and other scheme accounts. It also provides a variety of loans to businesses and individuals. Bangladesh Commerce Bank Limited, Commercial bank, Financial services, Businesses, Organizations, Individuals, Deposits, Loans, Current deposit accounts, Saving deposit accounts, Other scheme accounts.

BCB Special Loan (For Service Holders)

Key Features:

• Security: There is not any requirement for security or collateral.
• Loan Amount: You can borrow up to 12 times your basic salary, with a maximum limit of 10,00,000/- (Ten Lakh Taka).
• Loan Duration: The loan account can be opened for a period of 12 to 36 months.
• Repayment: You can repay the loan through equal monthly installments.
• Interest Rate: The interest rate is 9%, except when Bangladesh Bank issues orders against allowance subsidies.
• Age Requirement: Applicants must be between 20 and 55 years of age.
• Service History: A minimum service history of 3 years is required.
• Minimum Income: Applicants need to have a minimum monthly income of 15,000/- (Fifteen Thousand Taka).
• Certification: Certification from the concerned institution is required.
• Guarantee: A minimum of one personal guarantee from the entrepreneur’s spouse, husband, or another appropriate family member is necessary.
• Account Requirement: Applicants must have an associated Savings/Current Account maintained at the concerned branch.

Read: BCB Teachers’ Loan

These features make the BCB Special Loan an attractive option for service holders looking for financial assistance. Whether it’s for personal needs, emergencies, or planned expenses, this loan offers a flexible solution. Be sure to check with your local branch for the most up-to-date information and eligibility criteria.

Frequently Asked Questions (FAQs) for the BCB Special Loan

Q1: What is the BCB Special Loan for Service Holders?
A1: The BCB Special Loan is a financial product designed for service holders, providing them with a loan without requiring collateral or security.

Q2: How much can I borrow with the BCB Special Loan?
A2: You can borrow up to 12 times your basic salary, with a maximum limit of 10,00,000/- (Ten Lakh Taka).

Q3: What is the loan duration for this loan?
A3: The loan account can be opened for a period ranging from a minimum of 12 months to a maximum of 36 months.

Q4: How do I repay the loan?
A4: The loan is repayable through equal monthly installments.

Q5: What is the interest rate for the BCB Special Loan?
A5: The interest rate is 9%, except when Bangladesh Bank issues orders against allowance subsidies.

Q6: Are there age restrictions for applicants?
A6: Yes, applicants must be between 20 and 55 years of age.

Q7: What is the minimum service history required for this loan?
A7: A minimum service history of 3 years is required.

Q8: What is the minimum monthly income needed to be eligible for this loan?
A8: Applicants need to have a minimum monthly income of 15,000/- (Fifteen Thousand Taka).

Q9: Do I need any certifications to apply for this loan?
A9: Yes, certification from the concerned institution is required.

Q10: Do I need a guarantor for this loan?
A10: Yes, a minimum of one personal guarantee by the entrepreneur’s spouse, husband, or another appropriate family member is necessary.

Q11: Is having an associated Savings/Current Account a requirement for this loan?
A11: Yes, applicants must have an associated Savings/Current Account maintained at the concerned branch.