Uttara Bank Ltd.
Uttara Bank Ltd.

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House Hold Durables

A Consumer Loan Scheme provided by Uttara Bank Limited to the Individuals to purchase various consumer durables such as Television, Refrigerator, Air conditioner, Computer, and other household furniture.  

 

Category / Loan type:Term Loan

Maximum Loan Ceiling : Tk.3.00 Lac

Purpose :To purchase Consumer Durables for personal/family use.

 

Customer Eligibility :

  • For salaried individual, minimum total service length of 3 years.
  • For self employed individual, a business record of minimum 4 years.
  • Age limit from 21 years to 65 Years.
  • Adequate disposable income to pay the Loan installment.

 

Security :

  • Hypothecation over purchased assets.
  • Personal Guarantee of the spouse / parents and an individual having minimum solvency/income not less than that of the borrower supported by income proof.
  • Post dated cheque.
  • Other Securities as acceptable to the Bank

 

Repayment : Equal Monthly Installment .

Interest Rate : 14.00% per annum with quarterly rest. The rate of interest will remain fixed throught the tenure of the Loan.

 

Basic Documents Requirements (not limited to) :

  • Salary Certificate.
  • Income Statements
  • KYC
  • National Identification Cards
  • Bank Statement for last 6 months
  • Loan Tenor :1 years to 3 years .
  • Debt Equity Ratio : 70 : 30

 

*condition will be applicable