Mercantile Bank Personal Loans

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