EBL Executive Loan: Empower Your Lifestyle
The EBL Executive Loan offers a versatile and convenient unsecured term loan facility, tailored to meet your diverse financial needs. Whether it’s for home renovations, education expenses, medical bills, or any other legitimate purpose, this loan empowers you to achieve your goals with ease.
EBL Executive Loan Features:
- Personal Loan Facility: Access financing for any consumer needs without restrictions.
- Loan Amount: Borrow from BDT 100,000 to BDT 2,000,000 or up to 20 times of your gross monthly income, whichever is lower.
- Repayment Tenure: Enjoy flexible repayment options ranging from 12 months to 60 months, allowing you to manage your finances comfortably.
- Competitive Interest Rate: Benefit from competitive interest rates, ensuring affordability and value for money.
- One Personal Guarantor: Require only one personal guarantor to support your loan application.
- Early Settlement: Have the flexibility to make early full or partial settlements to reduce your outstanding balance.
- Minimal Documentation: Experience hassle-free processing with minimal documentation requirements, streamlining the loan application process.
- No Security Required: Avail of this unsecured loan facility without the need for collateral, providing convenience and peace of mind.
- No Hidden Charges: Rest assured knowing that there are no hidden charges, ensuring transparency and clarity throughout the loan term.
- Shortest Processing Time: Enjoy quick loan processing, allowing you to access funds promptly to fulfill your financial needs.
EBL Executive Loan Eligibility:
- Age: Applicants must be a minimum of 22 years old and up to 60 years old for salaried individuals, or up to 65 years old for landlords/professionals.
- Length of Experience: Salaried executives require a minimum of 1 year of employment, with 6 months at their current employer. Self-employed professionals need a minimum of 1 year of practice in their respective profession.
- Minimum Monthly Income: Minimum net monthly income requirements vary based on employment type, ranging from BDT 20,000 to BDT 30,000.
For any banking needs, contact our 24 Hour Call Center at 16230 or 8332232, or email us at info@ebl.com.bd.
Frequently Asked Questions (FAQs)
Q1: What is EBL Executive Loan?
A: EBL Executive Loan is a versatile and convenient unsecured term loan facility offered by Eastern Bank Limited, catering to diverse financial needs for individuals.
Q2: What are the loan amount options available with EBL Executive Loan?
A: Borrowers can avail of loan amounts ranging from BDT 100,000 to BDT 2,000,000 or up to 20 times of their gross monthly income, whichever is lower.
Q3: How long is the repayment tenure for EBL Executive Loan?
A: The repayment tenure for EBL Executive Loan ranges from 12 months to 60 months, providing flexibility to manage finances comfortably.
Q4: Is collateral required for EBL Executive Loan?
A: No, EBL Executive Loan is an unsecured loan facility, meaning no collateral or security is required to avail of the loan.
Q5: Can I settle my EBL Executive Loan before the completion of the tenure?
A: Yes, borrowers have the flexibility to make early full or partial settlements, allowing them to reduce their outstanding balance and close the loan before the completion of the tenure.
Q6: What are the eligibility criteria for EBL Executive Loan?
A: Applicants must meet certain criteria including age (minimum 22 years old), length of experience (minimum 1 year of employment or practice), and minimum monthly income requirements.
Q7: How quickly can I expect my EBL Executive Loan application to be processed?
A: EBL prides itself on offering the shortest processing time for loan applications, ensuring that borrowers can access funds promptly to fulfill their financial needs.