Mercantile Bank Personal Loans
| Personal Loan is an unsecured & terminating credit facility (EMI based) for any legitimate purpose offered to an individual salaried person. |
| Purpose |
| To meet up instant personal financial requirements |
| Eligibility |
| Any Bangladeshi National |
| Loan Limit |
| Minimum Tk.0.50 lac, Maximum Tk.20.00 lac. (Salary A/C with MBL & other Bank: 10 to 15 times of GMI, salary paid by cash with minimum salary reflection in the A/C: 8 times of GMI). |
| Tenure |
| Maximum 05 years |
| Age Limit |
| 21-60 years |
| Interest Rate |
| Competitive Interest Rate. |
| Customer Segment |
| Employees of Govt./Autonomous Bodies/Banking or Non-banking Financial Institution/ Public Limited Company/ Private Limited Company having Corporate Structure/Multinational Company/ Reputed Educational Institutions. |
| Work experience |
| 01 year as a confirmed service holder |
| Minimum Income |
| Tk.15,000/- per month for govt. employees, Tk.25,000/- per month for private service holders. Other income may be considered if supported by proper documents. |
| Required Documents |
| Letter of introduction from competent authority.National ID & TIN certificatePNS (Personal Net-worth Statement)Salary Account Statement for last 6 monthsPhotocopy of Passport, Telephone (T&T) bill if anyOther income, supported by documentsPersonal net-worth statement |