About the Mercantile Bank
Mercantile Bank Limited (MBL) was established by a group of investors to make the economy of Bangladesh more dynamic and sustainable, making a significant contribution to the financial system for economic growth. Mercantile Bank Limited since its inception on June 02, 1999, has built a trusted brand and has been able to earn the trust of its customers. Mercantile Bank Ltd. is providing customer service using modern advanced technology with professionalism and working to innovate banking products based on customer needs. Another important step for MBL is to align attitudes, beliefs, and culture with the needs of our human resources, clients, stakeholders, and the overall financial system of Bangladesh.
MBL Bank’s core activities
MBL Bank’s core activities are providing all types of commercial banking services including Corporate Banking, Deposit Mobilization, SME and Discounting Bills, Foreign Exchange Business, Offshore Banking, Consumer Business, Treasury Functions, Card Business, and Mobile Banking (MyCash). Internet banking, locker service for customer convenience and Shariah-based service Islamic banking, etc. have been added to the digital services. MBL offers prepaid and credit card services to its customers for all types of customers such as Visa Dual Prepaid Card, Credit Card, Debit Card, Agent Banking, Visa Medical Card, Visa International Student Card, Visa Dual Haj Card and International/Dual Cards through Card Provides services with various up-to-date facilities.
To get hassle-free banking services and 24/7 call center facility .
Mercantile Bank Limited SWIFT Code
- Main Branch Swift Code: MBLBBDDH
Mercantile Bank Limited Loan Services
Retail Banking Loan
- Personal Loan
- Home Loan
- Car Loan
- House Furnishing Loan
- Education Loan
- Doctor’s Loan
Corporate Loans
- Funded Credit Facilities
- Non – Funded Credit Facility
SME Financing
- Chaka (Term Loan)
- Samriddhi (Continuous Loan)
- Mousumi (Short Term Seasonal Loan)
- Anannya (Women Entrepreneur’s Loan)
- Sanchalak (A Mix Of Term, Time & Continuous Credit)
- Unmesh (Foreign Trade Finance)
- Factoring Of Receivables
Agriculture Loan
- Nabanno (Krishi / Polli Loan)
- Shakti (Etp / Bio-Gas / Solar Energy Loan)
Loan Features
The following tables highlight the loan features of Mercantile Bank Limited:
| Retail Loans | Processing Fee | Interest Rate |
|---|---|---|
| Personal Loan | Up to 1% on loan amount | 9.00% |
| Car Loan | Up to 1% on loan amount | 9.00% |
| House Loan | Up to 1% on loan amount | 9.00% |
| Education Loan | Up to 1% on loan amount | 9.00% |
| House Furnishing Loan | Up to 1% on loan amount | 9.00% |
| Cottage Loan | Up to 1% on loan amount | 9.00% |
| Overseas Employment Loan Scheme | Up to 1% on loan amount | 9.00% |
| Corporate/SME/Agriculture Loans | Processing Fee | Interest Rate |
|---|---|---|
| Agricultural Loans | As per Bangladesh Bank’s directives ** | 7.00% – 9.00% |
| Export / Term Loan | As per Bangladesh Bank’s directives ** | 7.00% – 9.00% |
| Women Entrepreneurs Development Schema | As per Bangladesh Bank’s directives ** | 7.00% – 9.00% |
Contact Address of Mercantile Bank Limited
Head Office
Mercantile Bank Limited
61, Dilkusha Commercial Area, Dhaka-1000
Phone: +88-02-223382295 (TNT), 09612955933 (IP)
Fax: +88-02-9561213
MBL Contact Center
Mobile: 16225
Overseas and T & T: +88 09678016225 and +88 09612316225
Email Address: contact@mblbd.com
Website: www.mblbd.com
Frequently Asked Questions (FAQs) on Mercantile Bank Education Loan
What is the maximum amount of home loan of Mercantile Bank Limited?
- 5.00 Lac to 2.00 Crore
Mercantile Bank Limited home loan maximum tenor?
- Up to 25 years
What is the age limit for Mercantile Bank Limited Home Loan?
- Minimum 21 Years. Maximum 65 years at the time of loan maturity