Types of loan in city bank Bangladesh
A bank loan is when a bank offers to lend money to consumers for a certain time period.As a condition of the bank loan,the borrower will need to pay a certain amount of interest per month,or per year,secured Bank loan.This is a loan which uses an asset as collateral.A good example is a mortgage loan.
Personal loan-
Bangladesh Bank Lending Rate was reported at 7.290 % pa in 2023.This records a decrease from the previous number of 7.310% pa for mar 2023.Bangladesh Bank landing rate data is updated monthly,averaging 12.300% pa from Jan 1976 to Apr 2023,with 568 observations.
Personal Loan
City Bank offered personal loans interest rates that ranges between 9.99% p.a.-16.49%p.a. The lender allows individuals to borrow up to B.D.T 30 lac.
City Bank may approve you for a personal loan in as fast as the same day you apply.After your application is approved and you accept the offer,it takes 1-5 Business days to receive you funds,which City bank will send to you by electronic bank transfer or check.
Student loan-
Education loan may be availed by any student of Bangladeshi national with excellent educational track record to provide financial assistance for further educational purposes like study in abroad or within the country.
Student account for personal Loan
City bank has the best solution for you.By opening city student File,you can easily send your tuition fee & living expenses to any foreign educational.
Loan Amount 100,000 B.D.T to 2,000,000 B.D.T : interest Rate ; competitive interest Rate ; Top up ; allowable after 3 months (Minimum B.D.T 1 lac).
The minimum income requirement for a salaried guardian rages from B.D.T 25 to 50 Thousand,depending on their profession.The loan amount can go from B.D.T 50,000 to 20 lac,based on the student's needs.The interest rate is 9% per year and repayment can be made over 5 years.
Home loan-
Loan amount ranging from B.D.T 5lac ti B.D.T 200 lac Repayment tenure 1year to 25 years Financing up to 70% of property Value.
Home Loan
1.50% above the prescribed Mid Rate of interest rate be applied in case of loan & Advances sanctioned by the Branches where applicable.
auto loan-
Drive through the convenience with our 2nd Hand Auto loan. B.D.T 4 lac. loan amount.Up to 50%. Financing on reconditioned or new vehicles.
Auto Loan
Loan amount ranging from B.D.T 3lac to B.D.T 40 lac Financing up to 50% of reconditioned or new vehicle price Up to 100% financing for loan against cash security.
SME small loan-
Loan amount ranging from; B.D.T 3,00,000 to 25,00,00 for unsecured loans.B.D.T 10,00,000 to 2,00,00,000 for secured loans.