Mercantile Bank Products list

Mercantile Bank Fixed Deposit
Tenure
Interest Rate
5 years 6 month
N/A
Summary
# In case oof premature encashment interest will be paid on Saving A/C Rate.However, no interest shall be paid if premature encashment takes place before the expiry of 1 (one) year.
Product Features
Features
# Loan may be granted up to maximum 80% of the deposited amount but the minimum principal amount must be 20000 BDT. # Loan processing fee be realized BDT 50 only and usual stamp costs also realized.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 50000
Eligibility
# 18 years old. # Bangladeshi Citizen.
More Details
Tenure
Interest Rate
10 years
N/A
Summary
# In case of premature encashment interest will be paid on Saving A/C Rate.
Product Features
Features
# Loan may be granted up to maximum 80% of the deposited amount but the minimum principal amount must be 20000 BDT. # Loan processing fee be realized BDT 50 only and usual stamp costs also realized.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 10000
Eligibility
# 18 years old. # Bangladeshi Citizen.
More Details
Tenure
Interest Rate
N/A
6.50%
Summary
#If any customer wants to withdraw their money from the account, he/she has to inform before 7 days. #Interest rate always varies on the total amount, not tenure or customer.
Product Features
Features
#MICR Cheque Book with every SND account is a must.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 1000000000
Eligibility
More Details
N/A
5.50%
Summary
#If any customer wants to withdraw their money from the account, he/she has to inform before 7 days. #Interest rate always varies on the total amount, not tenure or customer.
Product Features
Features
#MICR Cheque Book with every SND account is a must.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 500000000
Eligibility
More Details
N/A
3.50%
Summary
#If any customer wants to withdraw their money from the account, he/she has to inform before 7 days. #Interest rate always varies on the total amount, not tenure or customer.
Product Features
Features
#MICR Cheque Book with every SND account is a must.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 250000000
Eligibility
More Details
N/A
3.00%
Summary
#If any customer wants to withdraw their money from the account, he/she has to inform before 7 days. #Interest rate always varies on the total amount, not tenure or customer.
Product Features
Features
#MICR Cheque Book with every SND account is a must.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 10000000
Eligibility
More Details
N/A
2.50%
Summary
#If any customer wants to withdraw their money from the account, he/she has to inform before 7 days. #Interest rate always varies on the total amount, not tenure or customer.
Product Features
Features
#MICR Cheque Book with every SND account is a must.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 100000
Eligibility
More Details
Tenure
Interest Rate
1 year
6.50%
Summary
Deposited amount must not be under 10,000 tk.
Product Features
Features
#Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account. #Create investment opportunities for Non-Resident Bangladeshi. #Give investment opportunities for Trust; Foundation etc. #Explore investment opportunities for school, college, university etc.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 10000
Eligibility
# 18 year old. # Bangladeshi Citizen.
More Details
6 months
6.00%
Summary
Deposited amount must be minimum 10,000 Tk.
Product Features
Features
#Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account. #Create investment opportunities for Non-Resident Bangladeshi. #Give investment opportunities for Trust; Foundation etc. #Explore investment opportunities for school, college, university etc.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 10000
Eligibility
# 18 year old. # Bangladeshi Citizen.
More Details
3 months
5.25%
Summary
#Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account.
Product Features
Features
#Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account. #Create investment opportunities for Non-Resident Bangladeshi. #Give investment opportunities for Trust; Foundation etc. #Explore investment opportunities for school, college, university etc.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 10000
Eligibility
# 18 year old. # Bangladeshi Citizen.
More Details
1 month
3.50%
Summary
#Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account.
Product Features
Features
N/A
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 10000
Eligibility
# 18 year old. # Bangladeshi Citizen.
More Details
Tenure
Interest Rate
3 years
6.49%
Summary
#Depositor will get a certain sum of money in each month proportion to his/her deposit during the entire tenure. #In case of premature encashment interest will be paid on Saving A/C Rate.
Product Features
Features
#Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account. #Create investment opportunities for Non-Resident Bangladeshi. #Give investment opportunities for Trust; Foundation etc. #Explore investment opportunities for school, college, university etc.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 50000
Eligibility
# 18 year old. # Bangladeshi Citizen.
More Details
Tenure
Interest Rate
3 years
6.49%
Summary
#In case of premature encashment, interest will be paid on Saving A/C Rate. However, no interest shall be paid if premature encashment takes place before the expiry of 1 (one) year. #A saving account will be needed to be maintained to receive the quarterly benefit payment.
Product Features
Features
#Loan may be granted up to maximum 80% of the forced encashment value on the date of loan processing. During the period of continuation of loan, quarterly benefits will be credited only to loan account.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 10000
Eligibility
# 18 year old. # Bangladeshi Citizen.
More Details
Tenure
Interest Rate
2 years
9.50%
Summary
Per 1Lac BDT , you will get BDT 9500 for 1st Year and BDT 9250 for the second year. (Not available now)
Product Features
Features
#Loan may be granted up to maximum 70% of deposit.
VAT
15%
Documents
#Name of applicant(s) together with name(s) of parents and spouse(s). #Present and Permanent Address. #Date of Birth. #Nationality. #TIN (if any). #Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving Licence / Voter ID Card / National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. #Two copies of recent passport size Photographs of account holder duly attested by the Introducer. #One copy of Passport Size Photograph of Nominee duly attested by the Account Holder. #Copies of Utility Bills, viz. Electricity Bill / Land Phone bill / Cell Phone Bill / Gas Bill / WASA Bill, etc. in the name of applicants.
Eligibility
Minimum Amount
BDT 10000
Eligibility
# 18 year old. # Bangladeshi Citizen.
More Details
Mercantile Bank Credit Card
Card Highlight

An Excellent Credit Card With Platinum Privileges

Product Features
Interest Rate
27%
Additional info
Fees
Annual Fee
60$
More Details
Annual Fee
BDT 5000
BDT 5000
Card Highlight

An Excellent Credit Card With Platinum Privileges

Product Features
Interest Rate
27%
Additional info
Fees
Annual Fee
BDT 5000
More Details
Card Highlight

   A Card with smart Privileges

Product Features
Interest Rate
27%
Additional info
Fees
Annual Fee
40$
More Details
Annual Fee
BDT 3200
40$
Card Highlight

   A Card with smart Privileges

Product Features
Interest Rate
27%
Additional info
Fees
Annual Fee
40$
More Details
Annual Fee
BDT 1500
BDT 1500
Card Highlight

A Smart Local Gold Card for eligible persons

Product Features
Interest Rate
27%
Additional info
Fees
Annual Fee
BDT 1500
More Details
Card Highlight

Best Classic Credit Card for Double Benefits.

Product Features
Interest Rate
27%
Additional info
Fees
Annual Fee
1600
More Details
Card Highlight

A Classic Credit Card for using it worldwide.

Product Features
Interest Rate
27%
Additional info
Fees
Annual Fee
20$
More Details
Card Highlight

                                  A Card with smart Privileges 

Product Features
Interest Rate
27%
Additional info
Fees
Annual Fee
750/-
More Details
Mercantile Bank Car Loan
Interest Rate
14%
Interest rate may be lower for middle-class people.
Summary

A Very Interesting and Flexible Package With No Processing Fee

Product Features
Interest Rate
14%
Additional info
Interest rate may be lower for middle-class people.
floating
N/A
Eligibility
Min. Salary requirement
BDT 25000
Age requirements (min-max)
21 - 60 years
More Details
Mercantile Bank Personal Loan
Interest Rate
14.00%
For any legitimate purpose offered to an individual salaried person only.
Summary
An attractive package with only 0.50% processing fees and low-income requirement.
Product Features
Interest Rate
14.00%
Additional info
For any legitimate purpose offered to an individual salaried person only.
Eligibility
Age requirements (min-max)
21 - 60 years
More Details