
EBL Executive Loan
EBL Executive Loan is a very attractive and flexible package having 1% processing fee and one guarantor.
Key Product Features
Interest Rate |
11.50% This loan is only applicable to salaried individuals, not applicable to businessmen. |
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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. |
Fees and Charges
One time set-up | Penalties |
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Processing fee 1% or BDT 1000 whichever is greater. Stamp duty N/A |
Early Settlement 2% on overdue loan amount. Late Payment Charges 3% on overdue loan amount. |
Eligibility
Age requirement
Age 22 - 60
Min Income requirement
BDT 30 000
Employment Eligibility
Salaried Employee
Need to open linked bank account?
Yes
Age 22 - 60
Min Income requirement
BDT 30 000
Employment Eligibility
Salaried Employee
Other requirements
Need to open linked bank account?
Yes
EBL Executive Loan
- Terms and Conditions
#Age Limit: For salaried employee 60 years & for others 65 years. #Income Requirement: For salaried employee, minimum income requirement is BDT 30,000 & for businessmen minimum it is BDT 30,000. #Joint Application : Joint application is accepted. #Partial payment fee: Partial Payment fee is 2% on the overdue amount. - What will it cost you and how will you be charged?
EBL will charge the processing fee of 1% or BDT 1000 whichever is higher on the approved loan amount. - How long will the application take and what documentations are required?
#Approval Duaration: EBL will take approximately 10 working days to review and approve your loan request. #Required Documents: You need the following required documents to be eligible to get this loan : *. Photocopy of Salary Certificate. *. Photocopy of Income Statements. *. Completed KYC Form. *. Photocopy of National Identification Card. *. Photocopy of Bank Statement for last 6 months. *. 2 copy PP size Photograph of the applicant. - Can you apply if you have a bad CIB Credit Record?
No, your application won't be approved if you have bad CIB Credit Record.