Standard Chartered Bank Any Purpose Loan
A loan package that meets your any loan requirement for any purpose.
Key Product Features
| Interest Rate |
9.90% Zero processing fee for takeover loans. |
|---|---|
| Min. financing Amount | BDT 75 000 |
| Max. financing Amount | BDT 1 000 000 |
| Min. loan tenure | 1 year |
| Max. loan tenure | 5 year |
| Islamic / Conventional | Conventional |
| Approval duration | 7Standard Chartered Bank will take approximately 7 to 10 working days to review and approve your loan request. |
Fees and Charges
| One time set-up | Penalties |
|---|---|
|
Processing fee 2% on approved loan amount. Stamp duty CIB charge of BDT 100. 15% VAT is applicable on invoiced fees & commissions. Government Excise Duty is applicable as per Government Regulation. Any other legal or recovery costs. |
Early Settlement 2% of overdue amount. Late Payment Charges 2% of defaulted amount. |
Eligibility
Age requirement
Age 21 - 65
Min Income requirement
BDT 22 000
Employment Eligibility
Salaried Employee
Self Employed
Need to open linked bank account?
No
Age 21 - 65
Min Income requirement
BDT 22 000
Employment Eligibility
Salaried Employee
Self Employed
Other requirements
Need to open linked bank account?
No
Standard Chartered Bank Any Purpose Loan
- Terms and Conditions
#Minimum Income Requirements: If you have a salary account at Standard Chartered Bank, then you will be qualified for getting a personal loan from Standard Chartered Bank. In that case, you will need to draw at least 22,000 Taka per month. #If your salary goes to a bank other than Standard Chartered Bank, you will be required to draw at least 35,000 Taka per month. - What will it cost you and how will you be charged?
Standard Chartered Bank will charge the following fees while processing this loan : • Processing fee is 2% of approved loan amount. • CIB charge of BDT 100 is applicable. 15% VAT is applicable on invoiced fees & commissions. • Government Excise Duty is applicable as per Government Regulation. • Any legal or recovery costs incurred during the processing or the tenor of the loan will have to be borne by the customer at actual, if applicable. • Partial pre-payment fee 2%. - How long will the application take and what documentations are required?
All they need is few employment-related papers, bank statements and one ‘Personal Guarantee’ for you to grant you a Personal Loan. - Can you apply if you have a bad CIB Credit Record?
No, if you have a bad CIB record, there is almost zero probability of your standard chartered bank bangladesh personal loan application getting approved.