Urgent personal loan in Bangladesh
A personal bank loan refers to a loan offered by a bank or financial institution to a person for individual purposes, without the necessity for collateral. Typically, it does not require any property, vehicle, or other assets to back it (although some banks might provide secured personal loan options). It can be utilized for several purposes including medical costs, educational expenses, travel, weddings, home improvement, or consolidating debts.
| SL | Bank Name |
| 1. | BRAC Bank |
| 2. | Pubali Bank |
| 3. | NCC Bank |
| 4. | Dutch-Bangla Bank (DBBL) |
| 5. | Standard Chartered Bank |
BRAC Bank personal loan
Key Characteristics of BRAC Bank Personal Loan
- Loan Size: Ranging from BDT 100,000 to BDT 2,000,000.
- Usage: For any individual requirement—ceremonies, health expenses, traveling, electronics, etc. This is an unsecured loan (typically doesn’t require collateral).
- Repayment Period: Ranging from 12 to 60 months (1 to 5 years) for standard personal loans.
- Interest Rate: Fluctuating, according to regulations set by Bangladesh Bank and current rates from BRAC. It is contingent upon your borrower category.
- Processing Charge: As much as 0.50% of the loan value.
Eligibility Criteria
Age: Minimum 25 years; maximum 65 years at loan maturity.
Income:
• Salaried individuals: at least BDT 25,000/month.
• For self-employed, business persons or landlords, higher income criteria
Work / Business Experience:
• Salaried: at least 1 year confirmed employment.
• Business / Self-employed: at least 3 years in the same business.
Guarantor: Loan up to BDT 5 lakh usually does not require guarantor. Loans above that often need a guarantor.
Application Process
For a salaried person: NID copy, passport photograph, bank statements (last 6 months), salary slip, guarantor’s documents if needed.
For self-employed: in addition to above: business certificates (trade license, membership/professional certificate etc.), tax return/TIN, partnership deed or company documents if applicable.
Pubali Bank Personal Loan
Features
- You can get a loan amount up to BDT 20 lakh.
- The repayment period (tenure) is 12 to 60 months (1 to 5 years).
- Processing fee: 0.50% of the loan amount + VAT.
- There are options for early settlement and partial settlement. Partial settlement fee: 0.25% (max BDT 10,000) + VAT
- Early settlement fee: 0.50% on outstanding amount + VAT.
No hidden charges; documentation is relatively simple; process is quick.
Eligibility & Requirements
Must be a Bangladeshi national with a valid National ID.
Age: at least 21 years old, and maximum 65 years at loan maturity.
Minimum income (gross):
• For salaried persons: BDT 10,000/month
• For self-employed / businessmen: BDT 25,000/month
Documents & Security
A copy of your National ID.
Passport-size photographs (lab-printed) of you and guarantor(s).
Bank statements (last 6 months).
Salary certificate (if salaried). For business / self-employed: Trade license, income statements.
For larger loans (above BDT 5 lakh), proof of tax payments (Tax Return / Tax Acknowledgement / Income Tax Clearance) may be required.
Standard Chartered Personal Loan
Loan can be used for many personal needs — e.g. marriage, renovation, travel, medical emergencies, vacations, etc. From BDT 50,000 up to BDT 20 lakh depending on eligibility, income, repayment capacity. 12 to 60 months (i.e. 1 to 5 years)
Eligibility & Required Documents
- Minimum age: 21 years for salaried clients; 25 years for business/self-employed.
- BDT 26,000 if salary account is with SCB. BDT 35,000 for those whose salary is done through other banks. BDT 55,000 for business / self-employed borrowers.
Documents usually include:
- National ID Card
- Passport-size photo
- Proof of income: salary certificate / business license / bank statements etc.
- e-TIN certificate (tax ID)
Ensure your income, age, citizenship, and documents meet SCB’s criteria. Submit a personal loan application either at a Standard Chartered branch or via their client services.
Read: Best health insurance in Bangladesh
