Prime Bank Education Loan
Education Loans, Student Loan by Prime Bank Limited Bangladesh for Potential Students, Requirements, Eligibility and Feature.
Prime Bank provides it’s optimum importance on building up an educated nation. Hence, Prime Bank are provides ‘Education Loan’ at easy terms and rates to the potential students.
-In our Bank, we provide our optimum importance on building up an educated nation. Hence, we are providing ‘Education Loan’ at easy terms and rates to the potential students.
-Contractual employees working as consultant/advisor/ researcher of UN organization/ADB/ World Bank/ International NGO’s/ other international organizations.
-Professionals, employees of Government /Semi Govt. / Autonomous bodies/ Banks/Financial Institutions and medium/ small enterprises.
-To meet up educational expenses.
-Shortest loan processing time.
-Competitive interest rate.
-Life insurance facility covering your payment obligations in the event of your death.
-Flexible repayment schedule.
-Automatic realization of monthly installments.
-Joint applicant allowed.
-Early, full and partial settlement allowed.
-Processing fee 0.50 % of the loan amount.
-For permanent and confirmed salaried person, minimum one (1) year experience with 6 months employment in present organization.
-For Businessmen, minimum one (1) year experience in the same line of business.
-For Landlord/Landlady having 6 months rental income continuation.
-Minimum: 22 Years (at the time of application).
-Maximum: 65 years (at the end of loan tenor).
Minimum Gross Salary/Income
-BDT. 20,000.00 (Taka Twenty Thousand) for salaried person of MNCs, LLC, Foreign NGOs, aid agencies and UN bodies.
-BDT. 25,000.00 (Taka Twenty Five Thousand) for salaried person other than MNCs, LLC, Foreign NGOs, aid agencies, and UN bodies.
-BDT.15,000.00 (Taka Fifteen Thousand) for Govt. employees.
-BDT. 30,000.00 (Taka Thirty Thousand) for Landlord/ Landlady.
-BDT. 35,000.00 (Taka Thirty Five Thousand) for Businessmen.
-Minimum loan amount BDT 50,000.00 (Taka Fifty Thousand).
-Maximum loan amount BDT 10,00,000.00 ( Taka Ten Lac).
-Maximum loan tenor is 05 years.
Two personal guarantees.
-Recent passport size color photographs of applicant (s) and guarantor (s).
-Photocopy of NID/passport/ driving license of applicant (s) and guarantor (s).
-Latest utility bill (gas/water/electricity/municipal tax).
-Quotation of purchased item.
-Business card/ office ID of applicant (s) and guarantor (s) if any.
-Latest tax certificate/ E-TIN.
-Personal net worth statements of applicant (s) and guarantor (s).
-Bank statement of last 12 months for businessmen and 6 months for others.
-Rent or lease agreement of house/ property (if applicable).
Additional Documents Required for Salaried Person/Self-Employed
-Salary Certificate/ Letter of Introduction.
-Offer letter/Release letter from previous employer to prove service experience.
-Professional certificate issued by concerned institution.
Additional Documents Required for Businessman
-Copy of trade License.
-Memorandum of Association and Articles of Association of the company.
-Certificate of Incorporation.
-Latest form xii.
Additional Documents Required for Landlord
-Title deed of premises / property.
-Valid rental deed with tenants.
-Utility bill copy.
-Ground rent payment and municipal tax payment receipt.
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