City Double Loan

Name

 

City Double Loan

 

Category

 

Secured Loan

 

Description

 

City Double 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).
Benefit

 

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

Loan Amount

-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

 

Tenure

 

Tenor ranging from 12 to 60 months

 

Eligibility

 

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.
Required  Documents

 

– 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

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