City Double Loan from City Bank
About City Bank:
City Bank is one of the oldest private Commercial Banks operating in Bangladesh. It is a top bank among the oldest five Commercial Banks in the country which started their operations in 1983. City Bank started its journey on 27th March 1983 through opening its first branch at B. B. Avenue Branch in the capital, Dhaka city. It was the visionary entrepreneurship of around 13 local businessmen who braved the immense uncertainties and risks with courage and zeal that made the establishment & forward march of the bank possible. City Bank is among the very few local banks which do not follow the traditional, decentralized, geographically managed, branch based business or profit model. Instead the bank manages its business and operation vertically from the head office through 4 distinct business divisions namely
● Corporate & Investment Banking;
● Retail banking (including Cards);
● SME Banking; &
● Treasury & Market Risks
City bank currently has 90 online branches and 1 SME service centers and 11 SME/Agri branch spread across the length & breadth of the country that include a full-fledged Islami Banking branch. Besides these traditional delivery points, City bank is also very active in the alternative delivery area. It currently has 140 ATMs of its own; and ATM sharing arrangement with a partner bank that has more than 550 ATMs in place; SMS Banking; Interest Banking and so on. It already started its Customer Call Center operation. City bank has a plan to end the current year with 200 own ATMs.
City Double Loan from City Bank:
City Double Loan is a unique loan facility where your fixed deposit in City Bank or in any other financial institution will now allow you to avail two loans at the same time from us – one as overdraft (up to 95% of FD value) and other as an EMI loan (up to Tk. 10 Lacs).So City Double Loan is more attractive loan of any other Bank.
City Double Loan Product Features:
● Fully secured loan in the for up to 95% of FD value
● Unsecured loan for up to Tk. 10 Lac payable in Equal Monthly Installments (tenor ranging from 12 to 60 months).
● Zero processing fee for the overdraft facility
● Interest rate lower than other competitive products
Eligibility of City Double Loan from City Bank:
Any credit worthy individuals like: salaried executives, professionals like doctors, architects, engineers, chartered accountants, consultants, IT professionals and businesspersons etc. can apply for this loan.
Documentations of City Double Loan from City Bank:
● City Bank fixed deposits
● City Bank’s deposit scheme of minimum 2 years maturity attained
● Wage Earner Development Bond/FDR of other eligible banks and financial institutions
● Passport/National Identity/Driver’s License/Ward Commissioner’s Certificate with photo attached
● 2 copies photograph of the applicant and 1 copy photograph of the guarantor (if availing unsecured loan portion)
● Business card (if any)
● Bank statement for last 6 months
● Any document showing TIN
● Trade license/Memorandum of Association/ Partnership deed for businessmen
● Letter of Introduction (LOI) for salaried executives or pay slip if that covers major information of LOI
● Copy of house ownership and rent agreement for landlord and landlady
Reference by: City Bank City Double Loan