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BRAC Bank Secured Loan/Overdraft: Why give up your savings?
We provide you loan against your fixed deposits so that you can meet any cash emergencies without the need to give up on your high yield savings.
Eligibility
Any individual with fixed deposits and WEDB purchased from Brac Bank Ltd may apply for this facility.
Features
Secured Loan: Term Loan
Tenor: 12 to 60 months
Paid in Equal monthly installments

Secured Overdraft: Continuous Loan
Tenor: 12 months (Auto renewal option available)
Quarterly interest payments
Other features
Loan Amount up to 90% of Face Value of your fixed deposits (FDRs with BRAC Bank Ltd & WEDB)
Minimum Spread
Early settlement facilities available
Enhancement Facilities available
Cross collateralization allowed
Documents Required
Copy of National ID
Schedule of Charges
Processing Fee
1.0% of the loan amount
Maximum BDT 10,000
Minimum BDT 1000.
Early Settlement Fee
Secured Loan 1% of outstanding amount at any time before maturity; Maximum BDT 10,000
Secured Overdraft - 2% of outstanding or BDT 2,000, which ever is lower.
Other Charges
Overdraft renewal charge: 0.25% of the limit/Maximum 5,000
Overdraft enhancement charge: 0.25% of the limit/Maximum 5,000
For any banking needs please call 24 hour Phone Banking: 01819 230000 or e-mail us at enquiry@bracbank.com
We will soon be in touch with you
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24 Hour Phone Banking
+88 01819 230000