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 LoansProcessing FeeInterest Rate
Personal LoanUp to 1% on loan amount9.00%
Car LoanUp to 1% on loan amount9.00%
House LoanUp to 1% on loan amount9.00%
Education LoanUp to 1% on loan amount9.00%
House Furnishing LoanUp to 1% on loan amount9.00%
Cottage LoanUp to 1% on loan amount9.00%
Overseas Employment Loan SchemeUp to 1% on loan amount9.00%
Corporate/SME/Agriculture LoansProcessing FeeInterest Rate
Agricultural LoansAs per Bangladesh Bank’s directives **7.00% – 9.00%
Export / Term LoanAs per Bangladesh Bank’s directives **7.00% – 9.00%
Women Entrepreneurs Development SchemaAs 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

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