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Home » Retail Banking » Loan Products » Salary Loan
Salary Loan
Keep an extra 18 month's salary in your pocket! You can get BRAC Bank Salary loan, Loan against your salary. If you are a salaried individual working in Bangladesh, Please read on. Because Salary Loan from BRAC Bank has been designed with just you in our minds.
Eligibility
Employed as a regular salaried staff
Have minimum age of 23 years, max - 60 years (at the time of maturity)
If you earn a monthly salary of BDT 12,000 *
Features
Loan amount up to BDT 1000,000
Loan up to 18 times of your Salary *
Attractive Interest Rate
No collateral of cash securities
Flexible repayment Equal Monthly Installments (EMIs) over a period of 12 months to 60 months *
Person with salary account with BRAC Bank will enjoy 1% less than the prevailing interest rate
Documents required
Last 3 month's bank statement *
Last salary slip/Letter of introduction
Proof of identity
Proof of employment of minimum 1 year
Schedule of Charges
Processing fee: 2% +VAT of the loan amount.
Early Settlement Fees:
- 2%+ VAT on the outstanding amount if settled within 1st 2 years,
- 1%+ VAT for 2 years & above.
* Standard Condition Apply
For any banking needs please call 24 Hour Call Center 16221 or e-mail us at enquiry@bracbank.com
We will soon be in touch with you
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