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Consumer Durable Loan

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A personal loan scheme that supports purchase of various consumer durables such as Television, Refrigerator, Air Conditioner, Audio-Video Equipments, Washing Machine, Personal Computers, other household furniture/ appliances etc. Under this scheme, the item purchased to be hypothecated to the bank. In addition, on a case-to-case basis, bank may also secure the loan partially by the commonly acceptable form of cash/ quasi cash securities available in the market.

Loan Feature

• Loan amount BDT 50,000.00 to Maximum BDT 5,00,000.00.
• Repayment tenure Minimum 1year to Maximum 4 years.
• Payment method - Equal Monthly Installments.
• Competitive interest rate.
• No early settlement & partial adjustment fees required.
• No hidden cost.

Eligibility

• Age limit - Minimum 25 years, Maximum 57 years at loan maturity.
• Minimum income BDT 15,000.00 per month.
• For salaried individual, minimum service length of 3 year and must be a confirmed employee. For self employed individual, a business record of minimum 3 years.

Customer Segment
Any Bangladeshi individual who has the means and capacity to repay bank loan. In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non Government Organizations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed/ self-employed tax-paying individual having a reliable source of income.

Bank Asia may change, add or remove any conditions any time without notification.

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About Bank Asia Limited

Bank Asia commenced operation on November 27, 1999 by a group of successful entrepreneurs of Bangladesh with the basic objective of bringing high quality service in the banking sector and actively participating in the growth and expansion of the national economy.

Bank Asia is the only Bank in Bangladesh to acquire the Bangladesh operation of two foreign banks namely Muslim Commercial Bank of Pakistan and Bank of Nova Scotia of Canada. Our purpose has always been to foster industrial, commercial and financial ties between Bangladesh and foreign countries by trade initiatives and business ventures.

Thanks to its unremitting efforts and long years of experience, Bank Asia today proudly stands among the top rated banks of Bangladesh with an extensive network of business outlets comprising of conventional banking branches, islamic windows, offshore banking unit, brokerage branches, agricultural branches and SME centers. And as part of the bank's commitment to provide all modern and value added banking services in keeping with the very best standard in a globalized world.