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