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 4,000,000
  • Flexible repayment tenure of 1 to 8 years
  • Competitive interest rate
  • Early full settlement and partial settlement allowed
  • No hidden charges
  • Quick loan processing
Special Features
Exclusive Rate Benefits are available to the following eligible professionals:
  • Registered Medical Doctors
  • Engineers
  • Chartered Accountants (CA)
  • Chartered Secretaries (CS)
  • Architects
  • Dentists
  • Veterinary Doctors
  • Teachers of renowned schools and colleges
  • Teachers of UGC-approved Universities
  • Permanent Government Officials
  • Cost & Management Accountants (CMA)
  • Information Technology (IT) Professionals
  • Bankers
Additional Benefits:
  • Credit Card Facility: Eligible professionals may avail a Credit Card facility, subject to the Bank’s prevailing eligibility, credit assessment and applicable terms and conditions.
  • Concessional Rate: Customers maintaining a DPS of BDT 5,000 or above for 5 years or more, without default or premature encashment, may enjoy an additional concessional interest rate on eligible loan facilities.
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 : 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.
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.
Joint Application :
  • Joint application allowed
Tenure
  • Maximum 08 (Eight) years
Purpose
  • Any purpose loan permissible under the Law of the country
Benefit
  • No processing fee for loan takeover from other Bank & NBFI
Taxes, Duty, Surcharges
  • As per NBR circular
FAQ
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