SBL Household Appliance Loan

Tenure: Minimum 12 Months. Maximum: 36 Months
Repayment method: Equal Monthly Installment
First repayment date: One month after the date of customer’s availing the loan.
Debt Burden ratio: 50:50
Rate of Interest: 17%p.a.q.r (Subject to change time to time by the Head Office)
Loan Processing Fee: 1% of loan Limit.
Risk Fund: 1% of loan Limit.
No hidden charge

Purchase of miscellaneous household appliance, personal computer, audio-video equipment, furniture, Air conditioner, Refrigerator etc. But no facility can be granted for purpose that are legally in contradictions with the law of land.

Maximum 05(Five) Lac (But maximum 10 times of gross salary).

1. Minimum age: 25 years
2. Age: Maximum age at loan maturity up to 60(Sixty) years.
3. Minimum service/Length of service: Regular employee having minimum two years service.
4. Minimum Income: Minimum Tk.20,000/-(Twenty Thousand) monthly gross salary.

All Banks, All Gazzated Officers, Officers of Govt, Semi-Govt. organization & Multi National Companies. Teachers of public & private university, reputed schools & colleges.

1. Letter of introduction from the employer.
2. Letter of undertaking for salary & terminal benefits assignment.
3. Complete Charge Documents.
4. For tangible assets letter of Hypothecation.
5. Personal Guarantee of spouse/parents.
6. Personal Guarantee of colleague or any person accepted to Bank.
7. Personal Net-Worth statement.
8. Post dated Cheques.
9. One undated cheque.
10. Three copies of Passport size photographs.
11. TIN certificate.
12. National ID Card/Citizenship certificate from the competent authority.