BRAC Bank PLC Personal Loan Offer

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

Interest RateAs per prevailing interest rate of bank (Mostly start at 8%-9%)
Loan AmountUp to BDT. 20 lakhs
Loan TenureUp to 5 years
Minimum Income RequiredBDT.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:

Age limitMinimum age limit: 25 years and maximum age limit: 65 years
Employment TypeSalaried employees
Private limited company employees
Government employees
Net SalaryBDT. 30,000 per month
Business professionMinimum 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

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