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                                           Personal Loan for Women


  The salient features of the scheme are as follows:

1.

Name of the Scheme

·          Personal Loan for Women

2.

Target Market

·          Working Women

·          Self  employed women

·          Housewives with reasonable income of the spouses

3.

Purpose(s)

               A personal loan scheme to Women for purchasing:

·          Household appliances for personal use

·          Buying equipment/ accessories for Business use

·          Hospitalization or other emergency medical needs,

·          House renovation,

·          Office equipment,

·          Marriage in the family,

·          Holiday expenses,

·          Educational/professional training of the family members.

·          Purchase of personal Computer.

 

4.

Age Group

·          Minimum 18 years

·          Maximum 57 years

5.

Minimum Service

·          1 year

6.

Minimum Income

·       Working Women – Tk. 8,000/= to Tk. 10,000/= per  month 

·      Self  employed Women – Tk. 20,000/= to Tk. 25,000/= per      month

·       Housewives -  Tk. 15,000/= per month    (Husband’s income/salary)

7.

Minimum Loan Size

·          Tk. 25,000/= (Taka Twenty Five Thousand only)

8.

Maximum Loan Size

·          Tk. 300,000/=(Taka Three Lac only)

9.

Down payment

·          Nil

 

10.

Loan Term

·          From 12 months to 36 months

11.

Disbursement

·     Payment shall be made directly by the Bank to the vendor or to the customer, as may be determined by the bank, depending upon the purpose of the loan  .

12.

Security

     ·    Two Personal Guarantees with attested photograph                   

          acceptable to the Bank

      ·    In certain cases the Bank may take hypothecation of the   

           purchased assets.

       ·   Demand Promissory Note & other Documents as per   

           Scheme.

       ·   Four Cheques each covering three installment amount   

           for  twelve  months loan period. Additional cheque  

           covering the rest installment amount of the period.

 

13.

Debt- Burden Ratio

 Monthly loan installment cannot exceed 40% of customer’s take home  salary.

14.

Proof of Income

 By submitting the following:

·     Bank statement for last 6 months

·     Salary Statements duly certified by the employer

·     House rent agreement in case of direct income from other source

15.    Repayment:

  Allows to repay the loan in monthly installment.

            

      16. Documents required:

  •  Declaration from customer regarding liability with other Banks & Financial Institutions.

  •  Declaration from customer regarding loan default status

  •  Documentation as per usual Bank practice.

        17.  Others:

  •      Customers may visit any of the Branches and discuss with Manager/Customer Services Desk.

  •       Customer shall have to open a Savings/Current A/C with any of the JBL Branches unless already maintain an A/C relationship.

Repayment has been made simple which can be automatically debited from the A/C.    Customers                    

  •      Need to maintain / deposit money to meet installment payments.

  •      Prepayment of Loan is allowed with no Penalty fees, However, no Partial payment shall be allowed.

  •      Full identification of the Account introducer shall be maintained.

  •      Failure to make three consecutive installments will result in immediate follow up action including  contacting the guarantors and serving notices    

This is an unsecured personal loan scheme. No fixed deposit or savings certificates are required as security

  to the Bank.






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