City Double Loan

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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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