BRAC Bank PLC Personal Loan Offer

Table of Contents

BRAC Bank PLC is offering personal loans of up to 20 lakhs at interest rates starting at 9.99% p.a., providing customers with flexible repayment tenures of up to 5 years.

Key Features

Items	Details
Interest Rate	As per prevailing interest rate of bank (Mostly start at 8%-9%)
Loan Amount	Up to BDT. 20 lakhs
Loan Tenure	Up to 5 years
Minimum Income Required	BDT.30,000 (monthly)

Benefits of the Personal Loan Offer

Competitive interest rates
Flexible repayment tenures
No collateral or cash securities are required.
Flexible repayment EMIs over a period between 12 months to 60 months
Loan top-up and takeover facility
Minimal documentation and hassle-free application process

Eligibility Criteria for Borrower

Here are the eligibility criteria for the loan:

Items	Details
Age limit	Minimum age limit: 25 years and maximum age limit: 65 years
Employment Type	Salaried employees Private limited company employees Government employees
Net Salary	BDT. 30,000 per month
Business profession	Minimum 3 years of business experience in the same domain

Required Documents for Personal Loan Offer

Here are the documents you need to submit when applying for a personal loan from BRAC Bank:

Photocopy of NID of both the loan applicant and guarantor
Passport size photograph of both the loan applicant and guarantor
A copy of Visiting Card or Office ID of both the loan applicant and guarantor (if applicable)
Photocopy of E-Tin photocopy for loan amount above BDT 5 Lakhs
A copy of the latest utility bill.

Required Documents (For Salaried Individuals)

Letter of Introduction/Salary Certificate/Pay slip
Bank Statement for the last 6 months.

Required Documents (For Professionals)

Photocopy of the Membership Card/Professional Certificate
Bank Statement for the last 12 months.

Following documents, you need to submit post sanction/pre-disbursement:

KYC documents
ECS form/Standing Instruction Request
Duly signed the loan agreement

FAQs: BRAC Bank Personal Loan

Q1: How do I apply for a BRAC Bank personal loan?
A: You can apply for a BRAC Bank personal loan by visiting the official website, the nearest branch, or through online application.

Q2: How can I pay my BRAC Bank personal loan EMIs?
A: You can pay your BRAC Bank personal loan EMIs using post-dated cheques, Electronic Clearing Service, or cash at the nearest branch.

Q3: How can I foreclose my BRAC Bank personal loan?
A: To foreclose a BRAC Bank personal loan, request a foreclosure statement from the bank. Visit the nearest loan center, submit your request, and the bank will guide you through the process.

Q4: How can I register my email ID and mobile number and link them to my loan account?
A: Update your email ID and mobile number by either calling the customer care number or writing to the bank using your registered email ID.

Q5: How to check BRAC Bank’s personal loan status?
A: Check the personal loan status of BRAC Bank by calling the bank’s hotline number 16221 or using their online portal. If time permits, visit the bank branch and meet the responsible officer to know the status.

Q6: How to contact BRAC Bank customer care executives?
A: BRAC Bank customer care executives can be reached 24/7 by calling on 16221 or emailing at enquiry@bracbank.com.