UCB Advanced Against Salary Loan

An attractive package without any Early settlement fees.

Interest Rate	11.00% No early settlement fee on the loan amount.
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	United Commercial Bank will take approximately 10 working days to review and approve your loan request.

One time set-up	Penalties
Processing fee 1% on approved loan amount. Stamp duty 1% of loan amount service charge and Stamp duty at actual.	Early Settlement No fees. Late Payment Charges 2% on overdue amount.

Age requirement
Age 21 - 60

Min Income requirement
BDT 20 000

Employment Eligibility
Salaried Employee
Self Employed

Need to open linked bank account?
Yes

Terms and Conditions
For salaried individual, minimum total service length of 2 years and Govt. employees must be confirmed on job.
What will it cost you and how will you be charged?
#United Commercial Bank will charge the following fees while processing this loan : #Processing fee is 1%. #Service charge is 1% of the loan amount and Stamp duty at actual.
How long will the application take and what documentations are required?
#Loan Request Approval Time : United Commercial Bank will take approximately 10 working days to review and approve your loan request after submission of loan application. #Required Documents: You need the following documents to be approved to get this loan : *. Copy of National Id card of the applicant. *. Copy of TIN certificate. *. 2 copy PP size photographs of the applicant. *. Photocopy of bank statement of last 1 year. *. Relevant documents that substantiate applicant’s professional activity.
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.