EBL Assure Loan

EBL Assure Loan

A Loan Package having life insurance coverage!!

Key Product Features

Interest Rate 9.50%
EBL Assure Loan is an any purpose loan which provides Insurance facility.
Min. financing Amount BDT 100 000
Max. financing Amount BDT 1 000 000
Min. loan tenure 1 year
Max. loan tenure 5 year
Islamic / Conventional Conventional
Approval duration 10 Days

Fees and Charges

One time set-up Penalties
Processing fee
0.5

Stamp duty
At Actual
Early Settlement
2%

Late Payment Charges
3%

Eligibility

Age requirement
Age 22 - 60

Min Income requirement
BDT 20 000

Employment Eligibility
Salaried Employee
Self Employed

Other requirements


Need to open linked bank account?
Yes

EBL Assure Loan

  1. Terms and Conditions
    #Age Limit: For salaried employee 60 years & for others 65 years. #Income Requirement: For salaried employee minimum income BDT 20,000 & for businessmen minimum income BDT 30,000 #Joint application accepted. #Partial payment fee: 2%
  2. What will it cost you and how will you be charged?
    Processing fee 1% or BDT 1000 whichever is higher
  3. How long will the application take and what documentations are required?
    *. National Identity or Passport copy. *. Recent color Photograph-2 copies. *. Business card / Office ID. *. Latest TIN certificate (not more than 2 years old). *. Salary Certificate/ Letter of Introduction for Salaried Executive. *. BMDC/ Professional Certificate for Doctors/Self-employed Professionals. *. Latest (not more than 1month old during applying for the loan) 6 months Bank Statement for Salaried Executives and 12 months for Self-employed Professionals/Landlords. *. Having existing loan facility, sanction letters along with account statements reflecting 6/12 months loan installments. *. Rent or Lease Agreement along with property ownership documents (if applicable).
  4. Can you apply if you have a bad CIB Credit Record?
    No