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 2,000,000
- • Repayment tenure of 12 months to 60 months
- • Competitive interest rate
- • Early full settlement and partial settlement allowed
- No hidden charges
- Quick loan processing
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| Eligibility |
Experience :
- • Government Employee: Confirmed employee and 3 months’ salary should be credited in the account.
- • Employee of Multinational Companies: Confirmed employee with at least 1 year working experience and 3 months’ salary should be credited in the account.
- • Other Salaried: Must be confirmed employee having 2 years work experience including 3 months at present employer.
- • Self Employed: Must have minimum 2 years’ experience
- • Businessperson: Must have minimum 2 years’ business experience
- • Contractual employees: Minimum length of service is 3 years. Last two contract renewal documents to be provided.
- • Landlord/Landlady: No Experience
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Age :
- Minimum : 21 Years
- Maximum : 65 years or retirement date as mentioned in Letter of Introduction (LOI) whichever is lower at the end of the loan tenure (For Salaried), 65 Years for Professionals/Business person/Land Lord segments.
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Minimum Gross Monthly Income :
- Govt. Employees: Minimum BDT 18,000 per Month
- Other Salaried: Minimum BDT 25,000 per Month
- Professionals/Business person/Land Lord : Minimum BDT 30,000 per Month.
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Joint Application :
- Joint application allowed
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| Tenure |
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| Purpose |
- Any purpose loan permissible under the Law of the country
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| Benefit |
- • No processing fee for loan takeover from other Bank & NBFI
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| Taxes, Duty, Surcharges |
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| Highest Amount |
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MDB HOME LOAN
Home is where the heart is. Experience and cherish your desired home with MDB Home Loan.
| Title |
Details |
| Feature & Purpose |
- Apartment/House 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 20,000,000
- Repayment tenure of 3 years to 25 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 (Govt.): Must be confirmed employee.
- Salaried Executives (others): Minimum 2 years’ experience with 3 months’ employment with present employer.
- Businessman: Minimum 2 years’ business experience.
- Self Employed (Professional): Minimum 2 years’ professional experience.
- Landlord/Landlady: No experience.
|
|
Age:
Minimum: 21 years
Maximum:
- Salaried: 65 years or retirement date as mentioned in Letter of Introduction (LOI) whichever is earlier at the end of loan tenure.
- Self-Employed Professional, Businessman, Landlord: 70 years at the end of loan tenure.
|
Minimum Gross Monthly Income :
- Govt. Employees : Minimum BDT 40,000 per Month
- Salaried Executives : Minimum BDT 50,000 per Month
- Professionals / Business Persons: Minimum BDT 50,000 per Month
|
Joint Application :
- Joint application allowed
|
| Tenure |
- Maximum 25 (Twenty Five) years
|
| Benefit |
- No processing fee for loan takeover from other Bank & NBFI
|
| Taxes, Duty, Surcharges |
|
| Highest Amount |
- Bank will finance maximum 70% of property value or BDT 2.00 crore whichever is lower as per Bangladesh Bank Guidelines (70:30 debt equity ratio)
|
| Moratorium Period |
- In case of financing for construction purpose we may allow moratorium Period for 18 months (maximum) for home loan financing.
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| Proposed income included for construction purpose |
- In case of financing for construction purpose, we may consider projected income from the proposed mortgaged property
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| TPA Process |
- Allowed Tri partite Agreement (TPA) with top listed developers
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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, reconditioned or used 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 :
- Government Employee: Confirmed employee and 3 months’ salary should be credited in the account.
- Employee of Multinational Companies: Confirmed employee with at least 1 year working experience and 3 months’ salary should be credited in the account.
- Other Salaried: Must be confirmed employee having 2 years work experience including 3 months at present employer.
- Self Employed: Must have minimum 2 years’ experience
- Businessperson: Must have minimum 2 years’ business experience
- Contractual employees: Minimum length of service is 3 years. Last two contract renewal documents to be provided.
- Landlord/Landlady: No Experience.
|
|
Age:
Minimum: 21 years
Maximum:
- Salaried: 65 years or retirement date as mentioned in Letter of Introduction (LOI) whichever is lower at the end of loan tenure.
- Self-Employed Professional/ Businessman/ Landlord: 65 years at the end of loan tenure.
|
Minimum Gross Monthly Income :
- Govt. Employees : Minimum BDT 25,000 per Month
- Other Salaried : Minimum BDT 30,000 per Month
- Professionals/Businessperson/Landlord : Minimum BDT 30,000 per Month
|
Joint Application :
- Joint application allowed
|
| Tenure |
|
| Purpose |
- For purchasing new, reconditioned car and used car
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| Benefit |
|
| Taxes, Duty, Surcharges |
|
| Highest Amount |
- Bank will finance maximum 50% of car quotation price or BDT 40 lac whichever is lower
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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 Midland Bank Fixed Deposits, all other of MDB Savings Scheme Deposit, 75% of Wage Earner Development Bonds (issued from MDB only) (for Non Resident Bangladeshis) and 75% of US Dollar Bond (issued from MDB only) (for Non Resident Bangladeshis).
- 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 Bangladeshi or Non-Resident Bangladeshi (NRB) with minimum age of 18 years having Midland Bank Fixed Deposits, Midland Bank Savings Scheme or other securities like Wage Earner Development Bonds (issued from MDB only) US Dollar Bond ( issued from MDB only) etc.
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| Tenure |
|
| Purpose |
- Finance against Fixed Deposits/ Other Cash Securities
|
| Benefit |
- Early full settlement allowed
|
| Taxes, Duty, Surcharges |
|
| 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 |
- Credit facility amount ranges from BDT 50,000 to maximum 90% of Midland Bank Fixed Deposits, all other of MDB Savings Scheme Deposit, 75% of Wage Earner Development Bonds (issued from MDB only) (for Non Resident Bangladeshis) and 75% of US Dollar Bond (issued from MDB only) (for Non Resident Bangladeshis)
- Revolving credit facility
- 100% cash secured loan
- Competitive interest rate
- Interest charged only for the amount you have drawn
- Option of auto renewal / increase limit/ decrease limit at your request
- No hidden charges
- Quick loan processing
|
| Eligibility |
- Any Bangladeshi or Non-Resident Bangladeshi (NRB) with minimum age of 18 years having Midland Bank Fixed Deposits, Midland Bank Savings Scheme or other securities like Wage Earner Development Bonds (issued from MDB only) US Dollar Bond (issued from MDB only) etc.
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| Tenure |
- Revolving credit facility
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| Purpose |
- Finance against Fixed Deposits/ Other Cash Securities
|
| Benefit |
- Option of renewal / increase limit/ decrease limit at your request
|
| Taxes, Duty, Surcharges |
|
| 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 |
| Feature & Purpose |
|
- Facilitate to construction, renovation/extension completion of existing tin-roof/tally-roof/ concrete roof with brick wall/ brick walled residential house (semi-pacca) owned by the applicant(s).
- Loan Amount ranges from BDT 500,000 to BDT 50,000,00
- Repayment tenure of 3 years to 10 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 (Govt): Must be confirmed employee.
- Salaried Executives (others): Minimum 2 years’ experience.
- Businessman: Minimum 2 years’ business experience.
- Self Employed (Professional): Minimum 2 years’ professional experience.
- Landlord/Landlady: No experience.
Age:
Minimum: 21 years
Maximum:
- Salaried: 65 years or retirement date as mentioned in Letter of Introduction (LOI) whichever is earlier at the end of loan tenure.
- Self-Employed Professional, Businessman, Landlord: 70 years at the end of loan tenure.
Minimum Gross Monthly Income: BDT 30,000 per month
Joint Application: Joint application allowed
|
| Tenure |
|
|
| 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 50 lac whichever is lower as per Bangladesh Bank Guidelines (70:30 debt equity ratio)
|
| Moratorium Period |
|
- In case of financing for construction purpose we may allow moratorium Period for 06 months (maximum) for home loan financing.
|
| Proposed income included for construction purpose |
|
- In case of financing for construction purpose, we may consider projected income from the proposed mortgaged property.
|
MDB Digital Secured Loan - EMI
| Title |
Details |
| Customer Segments |
- Any individual who is using “Midland Online” having Digital FDR/ Digital Family Support/ Double Benefit Plus/ Digital Double Benefit Plus/Saalam Digital Term Deposit/Saalam Digital Family Support/ Saalam Double Benefit Plus/ Saalam Digital Double Benefit Plus or any other scheme deposit (both digital and non-digital way except double benefit scheme having printed receipt) with Midland Bank Limited.
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| Co-Borrower / Joint Borrower |
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| Age criteria |
|
| Purpose |
|
| Loan amount |
- Minimum Amount: BDT 10,000/- (Ten Thousand Taka) Only.
- Maximum Amount: BDT 10,00,000/- (Ten lac) Only.
|
| Loan Nature |
|
| Tenure |
- 3/6/9/12/18/24/30/36/48/60 months.
|
| Loan to value (LTV) ratio |
- 90% of the value (including capitalized interest/profit) of Midland Bank Digital FDR/ Saalam Digital Term Deposit.
- 90% of customer deposited amount against any scheme deposit both digital and non-digital way except double benefit scheme having printed receipt.
- 80% of customer deposited amount against Digital Family Support / Digital Saalam Family Support
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| Mode of disbursement |
- By crediting to customer's Savings/Current account, as chosen by the customer while applying the loan, maintained with Midland Bank Ltd.
|
| Interest rate |
- FDR/Scheme deposit rate + 3% p.a. In case of any change in interest rate of deposit instrument, lending interest rate of the facility will also be changed.
|
| Penal interest rate |
- 2.00% higher rate will be applicable on overdue amount over the prescribed rate.
|
| Processing fees |
|
| First payment date |
- 1st EMI date will be on 05/ 10/ 15 /20 /25. No grace period / moratorium period will be allowed.
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| Partial settlement |
- If customer wants to partially adjust loan amount, then he/she needs visit to nearest branch/sub-branch and apply for partial settlement. There will be no fee for partial settlement. However, customer must adjust 20% of the outstanding amount.
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| Early settlement fees |
|
| Loan processing time |
- Loan request received before 12:00 noon will be processed in the same day, else it will be processed in next working day subject to availability of CIB report from Bangladesh Bank.
|
| Loan Closing |
- To close or early settle the loan account, customer needs to apply through Midland Online or visit nearest branch/sub-branch of the bank.
|
| TIN/Proof of Submission of Tax Return |
- Customer must provide proof of submission of tax return for loan amount of above BDT 5.00 lac. If the submission of tax return can’t be verified from NBR website then loan application will not be processed by the bank.
|
MDB Digital Loan - SOD
| Title |
Details |
| Customer Segments |
- Any individual who is using “Midland Online” having Digital FDR/ Digital Family Support/ Double Benefit Plus/ Digital Double Benefit Plus/Saalam Digital Term Deposit/Saalam Digital Family Support/ Saalam Double Benefit Plus/ Saalam Digital Double Benefit Plus or any other scheme deposit (both digital and non-digital way except double benefit scheme having printed receipt) with Midland Bank Limited.
|
| Co-Borrower / Joint Borrower |
|
| Age criteria |
|
| Purpose |
|
| Loan amount |
- Minimum Amount: BDT 10,000/- (Ten Thousand Taka) Only.
- Maximum Amount: BDT 10,00,000/- (Ten lac) Only.
|
| Tenure |
|
| Loan to value (LTV) ratio |
- 90% of the value (including capitalized interest/profit) of Midland Bank Digital FDR/ Saalam Digital Term Deposit.
- 90% of customer deposited amount against any scheme deposit both digital and non-digital way except double benefit scheme having printed receipt.
- 80% of customer deposited amount against Digital Family Support / Digital Saalam Family Support
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| Mode of disbursement |
- A separate loan account to be opened with loan limit. Customer will be able to do both debit and credit transaction in that account.
|
| Interest rate |
- FDR/Scheme deposit rate + 3% p.a. In case of any change in interest rate of deposit instrument, lending interest rate of the facility will also be changed.
|
| Penal interest rate |
- 2.00% higher rate will be applicable on overdue amount over the prescribed rate.
|
| Processing fees |
|
| Early settlement fees |
|
| Loan processing time |
- Loan request received before 12:00 noon will be processed in the same day, else it will be processed in next working day subject to availability of CIB report from Bangladesh Bank.
|
| Loan Closing |
- To close or early settle the loan account, customer needs to apply through Midland Online or visit nearest branch/sub-branch of the bank.
|
| TIN/Proof of Submission of Tax Return |
- Customer must provide proof of submission of tax return for loan amount of above BDT 5.00 lac. If the submission of tax return can’t be verified from NBR website then loan application will not be processed by the bank.
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