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.
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
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