EBL Executive Loan

EBL Executive Loan is a very attractive and flexible package having 1% processing fee and one guarantor.

Interest Rate	11.50% This loan is only applicable to salaried individuals, not applicable to businessmen.
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 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.

Age requirement
Age 22 - 60

Min Income requirement
BDT 20 000

Employment Eligibility
Salaried Employee

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 requirement is BDT 20,000 & 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.