EBL Assure Loan

A Loan Package having life insurance coverage.

Interest Rate	10.50% 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	EBL will take approximately 10 working days to review and approve your loan request.

One time set-up	Penalties
Processing fee 0.5% of the approved loan amount. Stamp duty At Actual	Early Settlement 2% on overdue amount. Late Payment Charges 3% on overdue amount.

Age requirement
Age 22 - 60

Min Income requirement
BDT 20 000

Employment Eligibility
Salaried Employee
Self Employed

Need to open linked bank account?
Yes

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%
What will it cost you and how will you be charged?
Processing fee 1% or BDT 1000 whichever is higher
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).
Can you apply if you have a bad CIB Credit Record?
No, your application won't be approved if you have bad CIN Credit Record.