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.
- 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
- 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