Purpose:
I think Pubali Bank Government Primary School Teacher Loan is different than any other bank. Any Government Primary School Teacher can apply to Pubali bank and they get easy to their urgent requirement full fill. Pubali Bank has many branches in Bangladesh. For this reason most of the Primary School Teacher can apply to their requirement loan. Basically Pubali Bank Ltd. Primary School Teacher Loan is lowest interest of any other Bank. When Primary School Teacher gets the loan, then they have to full fill the requirements. Consumer durables for personal / family use. Items like: Television, Refrigerator, Air Conditioner, Hi-Fi, Washing Machine, Computers, other household furniture etc. So I suggest Government Primary School Teacher Loan of Pubali Bank is so attractive of any other Bank.
Customer Segment:
● Teachers of local Government Primary School only.
Loan Size:
● Up to 6 times of monthly gross salary or maximum Tk.25, 000/- including down payment
Installment Size per 0.25 Lac (Purchase value):
2 years term |
Tk. 980/- |
Loan to Price Ratio:
● Financing 80% of the cost of the item is allowed.
Security/ Collateral:
● Hyphenation over purchased ass
● Post dated cheques for each monthly installment.
● One undated cheque for full loan value including full interest to be taken in advance
● Personal Guarantee of spouse / parents and an individual having minimum solvency / income not less than that of the borrower supported by income proo
Interest Rate:
Bank Interest |
14% |
Risk Fund |
1% |
Penal Interest:
● Penal interest shall be charged @ 2% over the normal rate on the defaulted installments.
Tenor:
● 24 Months
Repayment Method:
● Equal Monthly Installment.
Disbursement Mode:
● Disbursement will be made through Demand Draft/ Payment Order directly to the seller.
Verification of Personal Details and Quotation:
Details of an applicant to be verified by a third party before an approval is accorded.
● Letter from employer with details of employment and salary
● Borrower and Guarantors (if any) details (addresses – both present and permanent, all telephone numbers of residence, office & mobile no.)
● Quotation of the item to be purchased
● Bank statement
Substantiation of Income:
Proper substantiation of income will be mandatory. All or any of the following original / true copy of original documents are accepted for the purpose:
● Last Tax Return
● Bank Statements for minimum last 6 months
● Any other document that may stand as a proof of income
Reference: Pubali Bank Ltd
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