IFIC Bank Salary Loan

IFIC Bank Salary Loan

Salary loans are short-term loans given for needs that exceed your monthly expenses and salary. IFIC Bank Unsecured Personal Loans (UPL) loan is available only to employees. A salaried person can use this loan for the family’s financial needs or for the family’s urgent needs. This loan is for working people where the bank works to meet their personal needs. This is an “any purpose” loan.

IFIC Bank Salary Loan Features

• Loan amount: Minimum Tk. 50,000.00 to Maximum Tk. 5,000,00.00
• Loan tenor: 12 months to 60 months
• Re-payment method: Equal Monthly Installments
• Early Full and partial settlement allowed.

Loan Details

• Interest Rate      9.00%
• Loan Amount      Up to BDT. 5,000,00.00

Required Documents for IFIC Bank Salary Loan

• Photocopy of National ID (NID)
• Recent two copies of passport-size photographs of intending borrower and guarantor.
• Letter of Introduction from Employer (for the salaried customer), Bank Statement (For last 6 months)
• Salary Certificate
• TIN Certificate copy
• Utility bills copy for present address verification, if available.

Finally, whatever your plans, IFIC Bank Salary Loans will help you accomplish it and be your partner on the journey to success.

Frequently Asked Questions (FAQs) for IFIC bank salary Loan

How can the employee qualify for a loan?

Only employees may apply for Salary Loan. To qualify for the loan, he or she:

• Salary Certificate
• Banks statement (Last six months)
• Pay slip from employer.

What are the requirements to apply for IFIC Bank Salary loan?

Required very minimal documents for the loan application:

• National ID
• Company ID or COE
• Last six months’ Bank statement
• Salary Certificate.

What are the available payment terms?

• IFIC bank offers flexible payment terms from 12 months to 60 months

Is there a processing fee when availing of a salary loan?

• Yes, there is a processing fee, which will be deducted from the loan proceeds to be received by the borrower. Processing fee will depend on the loan amount.

What is the interest rate when availing of a salary loan?

• IFIC bank’s interest rate is 9.00%.

Is there any interest in Advance?

• Because Advance is not a loan, there is no interest.

What is the payment mode for the loan?

• Equal Monthly Installation basis and up to 60 months

How to apply for IFIC bank salary loan?

• If you are eligible for the loan and your required documents are ready you can apply to the nearest branch or call 24/7 @16255 or 09666716255 for Loan Related information.