MDB PERSONAL LOAN


Enjoy the sunny side of life with MDB Personal Loan.





Title Details
Features
  • Personal loan facility for any consumer needs
  • Loan Amount ranges from BDT 50,000 to BDT 1,000,000 (or 10 times of Gross Monthly Income, whichever is lower)
  • Repayment tenure of 12 months to 60 months
  • Competitive interest rate
  • Early full settlement and partial settlement allowed
  • No hidden charges
  • Quick loan processing
Eligibility Experience :
  • Salaried Executives : Minimum 2 years’ experience with 6 months employment with present employer
  • Self Employed : (Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant, IT Professionals etc.) with Minimum 2 years’ experience
  • Businessperson : Minimum 2 years of involvement in business
Age :
  • Minimum : 21 Years
  • Maximum : 62 years (For Salaried), 65 Years (For Others) (at the end of loan tenor)
Minimum Gross Monthly Income :
  • Govt. Employees : Minimum BDT 18,000 per Month
  • Salaried Exec. : Minimum BDT 25,000 per Month
  • Professionals/Businessperson : Minimum BDT 30,000 per Month
Joint Application :
  • Joint application allowed
Tenure
  • Maximum 05 (five) years
Purpose
  • Any purpose loan
Benefit
  • No processing fee for loan takeover from other Bank & NBFI
Taxes, Duty, Surcharges
  • As per NBR circular
Highest Amount
  • BDT 10.00 Lac

MDB HOME LOAN


Home is where the heart is. Experience and cherish your desired home with MDB Home Loan.





Title Details
Feature
  • Home Loan for the purpose of :
    • Flat/Apartment Purchase
    • House Construction / Renovation / Extension / Completion
    • Takeover of existing home loan from any Bank / Financial Institution Loan Amount ranges from BDT 500,000 to BDT 12,000,000
  • Repayment tenure of 3 years to 20 years
  • Competitive interest rate
  • No Processing fee for Take over home loans from other Banks/ Financial Institutions
  • Early full settlement and partial settlement allowed
  • No hidden charges
  • Quick loan processing
Eligibility Experience :
  • Salaried Executives : Minimum 2 years’ experience with 6 months employment with present employer
  • Self Employed : (Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant, IT Professionals etc.) with Minimum 2 years’ experience
  • Businessperson : Minimum 2 years of involvement in business
Age :
  • Minimum : 21 Years
  • Maximum : 62 years (For Salaried), 65 Years (For Others) (at the end of loan tenor)
Minimum Gross Monthly Income :
  • Govt. Employees : Minimum BDT 40,000 per Month
  • Salaried Exec. : Minimum BDT 50,000 per Month
  • Professionals/Businessperson : Minimum BDT 50,000 per Month
Joint Application :
  • Joint application allowed
Tenure
  • Maximum 20 (Twenty) years
Purpose
  • Flat/Apartment Purchase
  • House Construction / Renovation / Extension / Completion
Benefit
  • No processing fee for loan takeover from other Bank & NBFI
Taxes, Duty, Surcharges
  • As per NBR circular
Highest Amount
  • Bank will finance maximum 70% of property value or BDT 1.20 crore whichever is lower

MDB CAR LOAN


Enjoy the freedom of driving your own car with MDB Car Loan.





Title Details
Features
  • Car loan for purchase of brand new or reconditioned car (for private use only)
  • Loan Amount ranges from BDT 200,000 to BDT 4,000,000
  • Repayment tenure of 12 months to 60 months
  • Competitive interest rate
  • Early full settlement and partial settlement allowed
  • No hidden charges
  • Quick loan processing
Eligibility Experience :
  • Salaried Executives : Minimum 2 years’ experience with 6 months employment with present employer
  • Self Employed : (Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant, IT Professionals etc.) with Minimum 2 years’ experience
  • Businessperson : Minimum 2 years of involvement in business
Age :
  • Minimum : 21 Years
  • Maximum : 62 years (For Salaried), 65 Years (For Others) (at the end of loan tenor)
Minimum Gross Monthly Income :
  • Govt. Employees : Minimum BDT 25,000 per Month
  • Salaried Exec. : Minimum BDT 30,000 per Month
  • Professionals/Businessperson : Minimum BDT 30,000 per Month
Joint Application :
  • Joint application allowed
Tenure
  • Maximum 5 (five) years
Purpose
  • For purchasing new or reconditioned car
Benefit
  • Quick loan processing
Taxes, Duty, Surcharges
  • As per NBR circular
Highest Amount
  • Bank will finance maximum 50% of car quotation price or BDT 40 lac whichever is lower

MDB SECURED LOAN


MDB Secured Loan delivers a fast and hassle free solution to your quick finance needs.
Title Details
Features
  • Loan Amount ranges from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities
  • 100% cash secured loan
  • Repayment tenure of 12 months to 60 months
  • Competitive interest rate
  • Early full settlement allowed
  • No hidden charges
  • Quick loan processing
Eligibility
  • Any individual (aged between 21 to 70 years) having an Fixed Deposit or other securities like Wage Earner's Bond, Monthly Savings Scheme etc. are eligible to apply.
Tenure
  • Maximum 5 (five) years
Purpose
  • Finance against Fixed Deposits/ Other Cash Securities
Benefit
  • Early full settlement allowed
Taxes, Duty, Surcharges
  • As per NBR circular
Highest Amount
  • Bank will finance from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities

MDB SECURED OVERDRAFT


MDB Secured Overdraft offers a flexible, fast and hassle-free solution to your quick cash requirements.
Title Details
Features
  • Revolving credit facility
  • Credit facility amount ranges from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities
  • 100% cash secured loan
  • Competitive interest rate
  • Interest charged only for the amount you have drawn
  • Option of renewal / increase limit/ decrease limit at your request
  • No hidden charges
  • Quick loan processing
Eligibility
  • Any individual (aged between 21 to 70 years) having an Fixed Deposit or other securities like Wage Earner's Bond, Monthly Savings Scheme etc. are eligible to apply.
Tenure
  • Revolving credit facility
Purpose
  • Finance against Fixed Deposits/ Other Cash Securities
Benefit
  • Option of renewal / increase limit/ decrease limit at your request
Taxes, Duty, Surcharges
  • As per NBR circular
Highest Amount
  • Bank will finance from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities

MDB AMAR BARI


MDB Amar Bari is a specially designed Home Loan product targeting mainly the semi-urban and rural customers for Home Construction / Home Renovation, Extension & Completion, Home Loan Take Over for own or rental purpose (for residential use only).

 




Title Details
Product Range
  • Home Construction Finance Facilitate construction of tin-roof / tally-roof and brick walled residential house (semi-pacca) and pacca building
  • Home Renovation / Extension / Completion Finance Facilitate renovation / extension / completion of existing tin-roof / tally roof and brick walled residential house (semi-pacca) and pacca building owned by the applicant(s).
  • Home Loan Take Over & Renovation / Construction Finance To purchase customer’s liability against the property to be financed from other Bank / Financial Institution (FI) and additional amount for renovation of the house or apartment.
Loan period
  • Minimum Tenor 3 years (36 months)
  • Maximum Tenor 10 years (120 months)
Loan Amount
  • Minimum Loan Amount BDT 500,000/- (Five Lac Taka) Only
  • Maximum Loan Amount BDT 3,000,000/- (Thirty Lac Taka) Only
Product Feature
  • Customer will get 50% discount from general processing fee if he/she installs solar panel / Bio Gas plant for electricity generation at the proposed property
  • No Early settlement fee
  • No Partial settlement fee
Moratorium Period
  • Maximum 06 (six) months from the date of disbursement in case of single-phase disbursement drawdown or from the date of first partial disbursement in case of multi-phase disbursement.
Location of the property to be financed
  • All locations where Midland Bank Ltd. (MDB) has its presence.