Modhumoti Bank Personal Loan Offer

To ensure a secure and comfortable lifestyle, it’s crucial to have a safety plan in place for handling unforeseen or immediate needs. Often, we may live without such a plan, but being prepared can prevent rushing during times of crisis. In cases where urgency arises, taking a loan from financial institutions becomes necessary. Today, we introduce Modhumoti Bank Personal Loan, offering instant access to funds to address these challenging situations. Benefit from flexible repayment options and swift disbursal processes tailored to your needs.

Modhumoti Bank Personal Loan Details

Interest Rate9%
Loan AmountUp to BDT. 10 lacs
Loan TenureStart at 12 months to 60 months
Minimum Income RequiredFor salaried BDT.15,000 and Self-Employed BDT.30,000 (monthly)

Features and Benefits of Modhumoti Bank Personal Loan

  • Competitive interest rate
  • Suitable EMI method for repayment
  • Automatic realization of monthly installments
  • Early settlement (full/partial) allowed
  • Other Bank’s Loan takeover facility
  • Top-up facilities after paying 6 EMIs of an existing loan on a regular basis
  • No hidden charges

Eligibility Criteria for Modhumoti Personal Loan

Here are the eligibility criteria for MODHUMOTI Bank personal loans:

AgeMinimum: 21 years and Maximum: 60 years
Employment TypeSalaried Executives (Minimum 1 year of experience with 6 months permanent)
BusinessmanMinimum 2 years of business experience in the same business title
Net IncomeBDT. 30,000 per month

Required Documents to apply for Modhumoti Bank Personal Loan

Here are the documents you need to submit when applying for a personal loan from MODHUMOTI Bank:

  • National ID Card/ Passport/Driving license
  • Color photograph recent, business and office ID card
  • Copy of TIN certificate
  • Letter of introduction (If salaried executives) or Pay Slip
  • Professional Certificate for Professionals category
  • Businessmen’s Trade license/MOA
  • Last 6 months Bank Statement
  • One personal guarantee required
  • Copy of house ownership and rent agreement for the landlord.

Following documents, you need to submit post sanction/pre-disbursement:

  • KYC documents
  • ECS form/Standing Instruction Request
  • Duly signed the loan agreement.

FAQs: MODHUMOTI Bank Personal Loan

Q1: How do I apply for a MODHUMOTI Bank personal loan?
A: You can apply for a MODHUMOTI Bank personal loan by visiting the official website of the bank, visiting the nearest branch, or applying online.

Q2: Can we get tax benefits on personal loans?
A: Yes, depending on the purpose for which you took the loan, you may be eligible for tax benefits. Income tax generally allows deductions for loans taken for education, property purchase or renovation, and business expansion.

Q3: How can I pay my MODHUMOTI Bank personal loan EMIs?
A: You can pay your MODHUMOTI Bank personal loan EMIs using post-dated cheques, Electronic Clearing Service, or by cash at the nearest branch.

Q4: How can I foreclose my MODHUMOTI Bank personal loan?
A: To foreclose a MODHUMOTI Bank personal loan, you need to request a foreclosure statement from the bank. Visit the nearest loan center, submit your foreclosure request, and the bank will process it accordingly.

Q5: How can I check the status of my MODHUMOTI Bank personal loan?
A: You can check the status of your MODHUMOTI Bank personal loan by calling the bank’s contact number at +8802 55068910, using their online banking portal, or by visiting the bank branch and meeting with the responsible officer.

Q6: How do I contact MODHUMOTI Bank customer care executives?
A: You can contact MODHUMOTI Bank customer care executives at the Retail Banking Division, Head Office, Khandker Tower, 94 Gulshan Avenue, Gulshan-1, Dhaka-1212. You can also reach them by phone at +880 1787-662944 during working hours.

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