Over the past few years, the Government of the People’s Republic of Bangladesh has launched several women’s empowerment initiatives for gender equality and improving the status of women in our country. Among them is the easy loan scheme for women where there are unique initiatives for women’s independent business economic development, trade, and family cooperation. An unsecured EMI based loan facility for any legitimate purpose for women under women banking service by Eastern Bank PLC in Bangladesh.
Features and Benefits
- Loan Amount: Minimum: BDT 1,00,000 and Maximum: BDT 20,00,000
- Competitive interest rates
- Flexible repayment tenures
- Any purpose unsecured EMI-based loan facility
- Flexible repayment EMIs over a period between 12 months to 60 months
- Salaried Women, Professional Women, Landlady
- Searching for any unsecured lifestyle loan (EMI based).
Eligibility Criteria for Eastern Bank PLC womens Loan
Here are the eligibility criteria for Eastern Bank PLC women’s loan:
| Title | Details |
| Age limit | General peoples: Minimum: 22 years and Maximum: 60 years Professional & Landlady Segment: 65 years for all |
| Net Salary | BDT 15,000 (Teacher & government employee) BDT 20,000 (Teacher & government employee) Professionals & Landladies: BDT 30,000 |
Required Documents to apply for Eastern Bank PLC womens Loan
Here are the documents you need to submit when applying for a women’s loan from EBL:
- 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
- A copy of the latest utility bill
- Letter of Introduction/Salary Certificate/Pay slip
- Bank Statement for the last 6 months.
Length of Service:
Loan Eligibility Criteria: Permanent Salaried Executive
| Criteria | Requirements |
|---|---|
| Service Length | Minimum 1-year continuous service, with 6 months at the present employer. |
| Professional | At least 1 year of professional practice. |
| Tenor | 12, 24, 36, 48 & 60 months (irrespective of loan amount). |
| Fees | 1% of the loan amount; related prevailing fees will be charged. |
| Partial Payment | Any point in time; minimum 30% payment of the outstanding amount. |
| Early Settlement | Any point in time; related prevailing fees will be charged. |
| Personal Guarantor | 1 personal guarantor required (Spouse Guarantor is preferred). |
| Reference | 2 references will be required. |
| Joint Application | Spouse only. |
The total gross monthly income of the Principal & Joint Applicant should be a minimum of BDT 30,000 per month.
| Title | Details |
| Income (minimum) | Salaried Segment by monthly (gross monthly Salary/Income): BDT 15,000 for Teacher & government employee BDT 20,000 for Teacher & government employee Professionals & Landladies: BDT30,000 Contractual Employee: BDT 30,000 |
| Tenor | 12, 24, 36, 48 & 60 months (irrespective of loan amount) |
| Fees | 1% of the loan amount. Related Prevailing Fees will be charged |
| Partial Payment | Any point of time; Minimum 30% payment of outstanding |
| Early Settlement | Any point in time; Related Prevailing Fees will be charged |
| Personal Guarantor | 1 personal guarantor is required (A spouse Guarantor is preferred) |
| Reference | 2 references will be required |
| Joint Application | Spouse only |
Total gross monthly income of Principal & Joint Applicant should be a minimum BDT 30,000 per month
Frequently Ask Question (FAQs) Eastern Bank PLC Womens Loan
Q1: How do I apply for an Eastern Bank PLC personal loan?
A: You can apply for an Eastern Bank PLC personal loan by visiting the official website, nearest branch, or through online application.
Q2: How can I pay my Eastern Bank PLC women’s loan EMI?
A: You can pay your Eastern Bank PLC women’s loan EMIs using post-dated cheques, Electronic Clearing Service, or cash at the nearest branch.
Q3: How can I foreclose my Eastern Bank PLC personal loan?
A: To foreclose an Eastern Bank PLC 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 calling the customer care number or writing to the bank using your registered email ID.
Q5: How to check Eastern Bank PLC women’s loan status?
A: Check the status by calling the bank’s hotline number 16230, using the online portal with your credentials, or visiting the bank branch and meeting the responsible officer.
Q6: How do I contact Eastern Bank PLC customer care executives?
A: Contact Eastern Bank PLC customer care 24/7 at 16230 or +88 096 12316230, and email to info@ebl-bd.com