Offered by
Modhumoti Bank
Modhumoti Personal Loan
- Conventional
- Personal loan
Key figures
- Interest rate from
- 14.00% per annum
- Amount
- BDT 1,00,000–BDT 20,00,000
- Tenor
- 12–60 months
Lowest published rate across 6 applicant types — see rates below
Rates
- Bank employee
- 15.00% (14.00–16.00%) per annum
- Business or landlord
- 15.00% (14.00–16.00%) per annum
- Dishari
- 15.00% (14.00–16.00%) per annum
- Professionals
- 15.00% (14.00–16.00%) per annum
- Salaried
- 15.00% (14.00–16.00%) per annum
- Salary account holder
- 15.00% (14.00–16.00%) per annum
- All customers
- 0.50% per annum
Eligibility
These are the criteria the institution publishes for this product. Meeting them is not an approval — the institution alone decides who it lends to, on information it collects itself.
- Maximum age
- 65 years
- at loan maturity
- or retirement date whichever is lower
- Minimum age
- 21 years
- at application
- Minimum work experience
- 36 months
- For: Business owners
- Minimum work experience
- 24 months
- For: Professionals
- Minimum work experience
- 12 months
- For: Salaried
- Minimum monthly income
- BDT 50,000
- For: Business owners
- Minimum monthly income
- BDT 35,000
- For: Salaried
- Minimum time in permanent employment
- 6 months
- Minimum time in permanent employment
- 6 months
- For: Salaried
- Institution’s notes
- Not published
Required documents
- Bank statement
- 6 copies
- Intro letter or pay slip
- Nid or passport
- Photo
- Professional certificate
- Property ownership and rent agreement
- Tin
- Trade license or moa
Loan details
- Minimum amount
- BDT 1,00,000
- Maximum amount
- BDT 20,00,000
- Minimum tenor
- 12 months
- Maximum tenor
- 60 months
- VAT
- Applies, as per government rate
- Full early settlement allowed
- Yes
- Partial early settlement allowed
- Yes
- Loan takeover allowed
- Yes
- Repayment method
- Emi
- Automatic debit
- Yes
- Guarantors required
- 1
7 more items Modhumoti Bank has not published
- Maximum loan-to-value
- Not published
- Grace period, up to
- Not published
- Tenor includes the grace period
- Not published
- Amount includes interest during the grace period
- Not published
- Security
- Not published
- Vehicle condition
- Not published
- Eligible purposes
- Not published
Fees, charges, and limits
Every charge this institution publishes for this product is listed below. Interest and profit rates are shown separately in the Rates section above. Where a row reads “not published”, the institution has not published a figure for it — that is not the same as there being no such charge. Confirm with the institution.
- Advance income tax (AIT) certificate fee
- BDT 300
- Loan balance certificate fee
- BDT 300
- No-objection certificate (NOC) fee
- BDT 300
- Commitment fee on undisbursed amount
- BDT 1,000
- Documentation charge
- At Actual
- Early settlement fee
- 0.5%
- Processing fee
- Free
- Loan rescheduling fee
- 0.25%, up to BDT 10,000
Benefits
Not published by the institution.
Verification and links
- This product on the bank’s website (opens the institution’s own site in a new tab)
- All products from Modhumoti Bank
You’re about to leave sherabankerkhoj.com for Modhumoti Bank. They alone decide whether you are approved, the rate and charges you finally pay, and when any funds are released.
Other products of this type
Other products of the same type from other institutions, in no particular order. This is not a ranking and nothing here is recommended.
No other products of this type are published yet.