TARA FAQ

TARA Triple Benefits Savings account

Who can open this account?

  • Any female customer can open this account.

What is the opening balance required for TARA Triple Benefits Savings Account?

  • BDT 500

What is the Debit Card fee?

  • Debit card fee is fully waived for the first year of issuance. From second year onwards, BDT 500 + VAT will be charged if average balance is less than BDT 50,000; otherwise, fee will be waived.

Is Debit card mandatory for TARA TBS account holders?

  • Yes debit card is mandatory for TARA TBS account holders.

What is the Cheque Book Fee?

  • Charge applicable as per schedule of charges

What is the account maintenance fee for TARA Triple Benefits Savings account?

  • Account maintenance fee for TARA Triple Benefits Savings account will be as per schedule of charges.

Can existing female customers holding TBS account or current plus account have access to TARA offers?

  • Yes. Existing customers can replace their existing debit card via call centre or branches and avail TARA debit card. There is no replacement fee for first time. However from second year onwards BDT 500+ VAT will be charged.

TARA Flexi Deposit Premium Scheme

What is TARA Flexi Deposit Premium Scheme?

  • TARA Flexi DPS is a monthly deposit scheme, which is especially designed for female customers. The highest tenor for this DPS is 10 years. The special feature of the DPS is it pays more interest than any other DPS in the bank and only female customers can avail this.

What amount will be applicable to start a TARA Flexi DPS?

  • Lowest amount is BDT 500 and it can be any amount multiples of BDT 500.

Do customers need to have a deposit account with us to open TARA Flexi DPS?

  • Yes.

Is there any penalty charge for breaking TARA Flexi DPS in the middle of the Tenor?

  • No.

Is there any separate current account for TARA customers just as there is Savings account ?

  • No. TARA customers can open Current Plus account if they wish to open current account, however they can change the Debit card to TARA Debit card.

Fees related to current account which one will be applicable?

  • The card fee will be of TARA debit card if she wishes to have TARA debit card however, all other charges related to account will be of Current Plus.

TARA Personal Loan

Who can avail the personal loan?

  • Female Professionals, Female Self-Employed and Salaried Women.

What is the loan limit?

  • Maximum BDT 20 Lac.

How is it different from normal PL?

Please note the features of Personal Loan for TARA customers:

  • Competitive interest rate
  • TARA account with zero balance as loan disbursement account
  • Faster approval

TARA Auto Loan

Who can avail the TARA Auto loan?

  • Female Professionals, Female Self-Employed and Salaried Women.

What is the loan limit?

  • Maximum BDT 40 lacs.

How is it different from Auto Loan?

Please note the features of Auto Loan for TARA customers:

  • Competitive interest rate
  • Loan tenure up to 6 years
  • TARA account with zero balance as loan disbursement account
  • Faster approval

TARA Home Loan

Who can avail the TARA Home loan?

  • Female Professionals, Female Self-Employed and Salaried Women.

What is the loan limit?

  • Maximum BDT 2 Crore

How is it different from normal Home Loan?

Please note the features of Home Loan for TARA customers:

  • Competitive interest rate
  • Faster loan approval
  • Loan Tenure up to 25 years
  • TARA account with zero balance as loan disbursement account

TARA SME loan

Who can avail TARA SME LOAN ?

  • Small and medium sized trading, manufacturing, service, agriculture, agro-based industries, etc. businesses run by or majority (more than 50%) shareholder is women entrepreneurs (as per Bangladesh Bank Guideline).

What is the Purpose of the loan ?

  • Business expansion, working capital, fixed asset (machinery, office equipment, furniture, construction, renovation, possession purchase etc.) purchase, advance payment, agriculture production/trading, and other business purposes.

What is the Interest rate of TARA SME LOAN ?

  • For loans up to BDT 5.0 Million 7% (as per Bangladesh bank refinance policy) For loans above BDT 5.0 Million to BDT 50.0 M: 9%.

Business Location ?

  • The business should be located surrounding the SME unit offices/branches/SMESC/SME/ Krishi branches across the country. The demarcated area would be defined time to time by the Regional Head/ SRM and communicated separately.

What should be the minimum Age of Business?

  • The business should be in operation for 1 year (doing similar type of business in terms of item/product/service and target customer) for loans under BDT 5.0 M. For more than BDT 5.0 M minimum 2 years continued business operation is required.
  • The business has to continue in same business premise for the given time period. Change of premises once in last 1 year is allowed subject to continuity for 6 months in current location for new loans only. However, for repeat loans this clause (continuity for 6 months in current location) is not applicable.

What is the Eligibility of Owner(s)?

Please note the features for Personal Loan for TARA customers:

  • Nationality: Bangladeshi by birth.
  • Age: 21 to 65 years at the time of application, but the proposed loan tenure must cover age ceiling.
  • Experience: Should have minimum 1 year experience in same line of business as an entrepreneur. For loan size more than BDT 5.0 M minimum 2 years of business experience is required.

Loan limit ?

Secured BDT 2.5 Million - BDT 50 Million
Partially secured LoanBDT 5 Million - BDT 15 Million
UnsecuredBDT 0.4 Million - BDT 15 Million

What is the Determination of Repayment Capacity?

  • EMI amount should not exceed 80% of monthly net income of the business.

TARA Credit Card

What are the features of credit card for TARA customers?

  • The annual fee for the card is 2500+VAT.
  • Any female customer is eligible to avail TARA Platinum Credit Card
  • TARA Platinum Credit card is also applicable for customers who has limit sanctioned for Silver and Gold, which means if a female customers wants can avail TARA Platinum Credit Card with the card limit approved for herself instead of Silver and Gold Card.
  • All Platinum features along with TARA Features will also be applicable for TARA Platinum card holders.
  • Only 3000 reward points required for TARA customers to waive the annual fee.

What is TARA Tuesday ?

  • On every Tuesday TARA customers holding TARA Debit/Credit Card will receive double reward points for card transactions.

What is cash back feature for TARA customers?

  • TARA customers holding TARA TBS account will receive monthly cash back in the account maximum BDT 500 or 2% of the grocery transaction made from her account through the debit card.

How is TARA debit /credit card different from regular cards of the bank?

  • TARA cards have 200+ vendor offers for the first time which all are associated with Restaurants, Parlour, Lifestyle Shops, Online vendors.

Is there any Facebook Page for TARA?

  • Yes. Please look for TARA- BRAC Bank in Facebook

Is there any way to know all offers with TARA?

  • Yes, please visit TARA Webpage under: www.bracbank.com /tara also our call centre: 16221 can help you with TARA proposition.

Is there any privileged counter for women in the branches?

  • For TARA customers there is a special service counter as well as cash counter.