MDB Personal Loan

MDB Personal Loan Details Features:

• Access to a versatile personal loan designed to meet all your consumer needs.
• Loan amounts ranging from BDT 50,000 to BDT 2,000,000.
• Repayment terms are flexible spanning from 12 to 60 months.
• Enjoy competitive interest rates.
• Benefit from the option of early full settlement and partial repayment without hidden charges.
• Experience swift and hassle-free loan processing.

MDB Personal Loan Eligibility: Experience-based criteria

• Government Employees: Must be a confirmed employee with at least 3 months’ salary credited to the account.
• Multinational Company Employees: Must have confirmed employment with a minimum of 1 year of work experience and 3 months’ salary credited to the account.
• Other Salaried Individuals: Confirmation of employment with a minimum of 2 years of work experience, including 3 months at the present employer.
• Self-Employed Individuals: Should have a minimum of 2 years of relevant experience.
• Businesspersons: Must possess a minimum of 2 years of business experience.
• Contractual Employees: Require a minimum service length of 3 years, with the provision of the last two contract renewal documents.
• Landlords/Landladies: No specific experience is necessary.

MDB Personal Loan Age Criteria

• Minimum age: 21 years.
• Maximum age: 65 years or the retirement date mentioned in the Letter of Introduction (LOI), whichever is lower for salaried individuals. For professionals, businesspersons, and landlords, the maximum age is 65 years.

Minimum Gross Monthly Income:

• Government Employees: Minimum of BDT 18,000 per month.
• Other Salaried Individuals: Minimum of BDT 25,000 per month.
• Professionals, Businesspersons, and Landlords: Minimum of BDT 30,000 per month.

Special feature for the loan:

• Joint Application:
  • Joint applications are allowed, providing more flexibility.
• Loan Tenure:
  • Maximum tenure of up to 5 years (five years) for loan repayment.
• Loan Purpose:
  • Enjoy the freedom to use the loan for any purpose permissible under the country’s laws.
• Benefit:
  • No processing fee for loan takeover from other banks and non-banking financial institutions (NBFI).
• Taxes, Duties, and Surcharges:
  • Subject to the National Board of Revenue (NBR) circular.
• Highest Loan Amount:
  • Up to BDT 20.00 Lac, offering substantial financial support.