Prime Bank Digital Device Purchase Loan
In Digital Bangladesh with Prime Bank’s Digital Device Purchase Loan. As the government spearheads initiatives towards a digitally empowered nation, acquiring skilled ICT professionals is paramount. Amidst the COVID-19 pandemic, online platforms have become indispensable for education and work. With the rising demand for digital devices, Prime Bank offers accessible loans, ensuring everyone can embrace digitalization seamlessly.”
What is digital device purchase loan?
The loan utilized for purchasing digital devices, such as laptops, desktops, or notepads, falls under the category of a personal loan, specifically termed as a Digital Equipment Loan. Prime Bank facilitates access to affordable loans through a seamless digital process known as Digital Equipment Loans.
Given the ubiquitous need for laptops and computers across various demographics, individuals seeking to acquire new devices or upgrade existing ones can utilize this loan. Considering the relatively higher cost of digital devices, it’s imperative to scrutinize certain aspects before making a purchase. Factors like the brand, generation, processor speed, RAM and storage capacity, and the quality of casing are crucial considerations when buying laptops. High-quality accessories contribute to prolonged usage without encountering issues.
With Prime Bank’s Digital Equipment Loan, borrowers can avail themselves of financing for up to 70% of the cost of a computer, laptop, or smartphone, ensuring access to quality digital devices without financial constraints.
Loan Features
- Up to 70% of purchase price
- Available for multiple devices purchase
- Attractive interest rate
- Flexible loan repayment tenor up to 5 years
- Early settlement facility.
Eligibility
| Age | Minimum: 22 years Maximum: 65 years or retirement age |
| Profession | Businessmen Self Employed Private/Public Employees Landlord |
| Personal Guarantor | Minimum 01 person |
Required Documents for Prime Bank digital device purchase loan
Common Documents
- Passport size color photographs of applicant and guarantor(s)
- Copy of NID/Passport of applicant and guarantor (s)
- Copy of Latest utility bill (gas/water/electricity/municipal tax)
- Quotation of purchased item/ Customer Declaration for cost purpose
- Business card/copy of office ID of applicant and guarantor(s), if any
- Copy of Latest tax clearance certificate/E-TIN
- Latest 12 months bank statement for businessmen (06 months for others).
Additional documents for Businessmen
- Copy of latest trade license
- Copy of MOA, AOA, Certification of Incorporation, Latest Form XII & X (Limited Company)
- Copy of Registered Partnership Deed & Form I (Partnership Firm).
Additional documents for Salaried Person/Self Employed
- Original Salary Certificate/Letter of Introduction (LOI)
- Copy of Pay-slip
- Offer letter/Release letter from previous employer to prove service experience
- Professional certificate issued by concerned authority.
Additional documents required for Landlord
- Copy of property title deed and latest mutations
- Copy of valid rental deed with tenants
- Copy of utility bill copy
- Copy of latest ground rent receipts and municipal tax receipts.
Frequently Asked Questions (FAQs) on Prime Bank Digital Device purchase loan
Q: What is the maximum loan amount available for purchasing digital devices?
A: You can receive up to 70% of the purchase price through the loan.
Q: Can I use the loan to purchase multiple devices?
A: Yes, the loan is available for the purchase of multiple devices.
Q: What interest rate does the loan offer?
A: The loan offers an attractive interest rate.
Q: How long can I take to repay the loan?
A: You have the flexibility to choose a repayment tenor of up to 5 years.
Q: Is there an option for early settlement of the loan?
A: Yes, there is an early settlement facility available.
Q: Who is eligible for the loan?
A: Individuals aged between 22 years (minimum) and 65 years or retirement age (maximum) are eligible. Eligible professions include businessmen, self-employed individuals, private/public employees, and landlords. A personal guarantor, minimum of one person, is required.