Prime Household Durable Loan

Are you thinking of the cost of buying furniture/ home appliances/ household durable? Prime Bank's Household Durable Loan will enable you to buy your desired products. You can avail the loan with competitive rates, convenient features and simple procedures. This minimal documentation required loan skim is suitable for all kinds of local people involved in service or business.

Features

• Shortest loan processing time
• Competitive interest rate
• Loan top-up facility
• Flexible repayment schedule
• Automatic realization of monthly installments
• Joint applicant allowed
• Early, full and partial settlement allowed
• Processing fee 1.25 % of the loan amount
• Minimal documentation

Purpose

• To purchase of household durables and house decoration items.

Customer Segment

• Employees of Multinational Companies (MNCs) and Large Local Corporate (LLC), foreign NGOs, aid agencies, UN bodies.
• Contractual employees working as consultant/advisor/ researcher of UN organization/ ADB/ World Bank/ International NGO's/ other international organizations.
• Professionals, employees of Government /Semi Govt./ Autonomous bodies/ Banks/Financial Institutions and medium/ small enterprises.
• Landlord/ Landlady.
• Businessmen.

Customer Eligibility

• For permanent and confirmed salaried person, minimum one (1) year experience with 6 months employment in present organization.
• For Businessmen, minimum one (1) year experience in the same line of business.
• For Landlord/ Landlady having 6 months rental income continuation.

Age Limit

• Minimum: 22 Years (at the time of application)
• Maximum: 65 years (at the end of loan tenor)

Minimum Gross Salary/ Income

• BDT 20,000.00 for salaried person of MNCs, LLC, Foreign NGOs, aid agencies and UN bodies.
• BDT 25,000.00 for salaried person other than MNCs, LLC, Foreign NGOs, aid agencies, and UN bodies.
• BDT 15,000.00 for Govt. employees.
• BDT 30,000.00 for Landlord/ Landlady.
• BDT 35,000.00 for Businessmen.

Loan Amount

• Minimum loan amount BDT 50,000.00
• Maximum loan amount BDT 10,00,000.00

Loan Tenor

• Maximum loan tenor is 05 years

Security Collaterals

• Two personal guarantees

Required Documents

• Recent passport size color photographs of applicant(s) and guarantor(s)
• Photocopy of NID/ passport/ driving license of applicant(s) and guarantor(s)
• Latest utility bill (gas/ water/ electricity/ municipal tax)
• Quotation of purchased item
• Business card/ office ID of applicant(s) and guarantor(s) if any
• Latest tax certificate/ E-TIN
• Personal net worth statements of applicant(s) and guarantor(s)
• Bank statement of last 12 months for businessmen and 6 months for others
• Rent or lease agreement of house/ property (if applicable)

Additional documents required for Salaried Person/ Self Employed

• Salary Certificate/ Letter of Introduction .
• Offer letter/ Release letter from previous employer to prove service experience.
• Professional certificate issued by concerned institution.

Additional documents required for Businessmen

• Copy of Trade License.
• Memorandum of Association and Articles of Association of the company.
• Certificate of Incorporation.
• Latest form xii
• Partnership deed

Additional documents required for Landlord/ Landlady

• Title deed of premises/ property.
• Valid rental deed with tenants.
• Utility bill copy.
• Ground rent payment and municipal tax payment receipt.

* Condition Apply
Prime Bank may request for any other relevant documents, if necessary.

More Prime Bank Credit Offers

• Prime Swapna Neer Home Loan
• Prime Swapnashaj Home Loan
• Prime Car Loan

About Prime Bank PLC

Prime Bank PLC is a leading private commercial bank in Bangladesh, offering a wide range of financial services to individuals, businesses, and institutions. Established in 1995, the bank provides services in retail banking, corporate banking, SME financing, Islamic banking, and digital banking. It has introduced innovative platforms like "MyPrime" for digital account management and "PrimeAgrim," an AI-based solution for salary advances. Prime Bank is also known for its strong presence in trade finance, with the country's first 24x5 trade shop for real-time service. In addition, it supports financial inclusion through agri-finance partnerships and agent banking, while also serving Non-Resident Bangladeshis with efficient remittance solutions.