This is another secured loan against FDR/deposit scheme/other related security of concerned bank but loan repayment will be on the basis of equal monthly installment. Purpose of this loan is to provide easy loan to any individual without bundle of loan documents & assessment.
| Target Customer | Loan Limit | Tenor | Interest Rate |
| Any individual who have FDR or other security in bank & who need easy loan without bundle of documents. | 90% of FDR/Other security value. | 12 to 60 months | Usually 3% above of FDR/other security interest |
Need FDR/Deposit scheme/other related security maintained with the concerned Bank.
List of some banks which have Installment based Secured Loan product
| Bank Name | Product Name |
| BRAC Bank Ltd. | BRAC Bank Secured Loan/Overdraft |
| Eastern Bank Ltd. | EBL Fast Loan |
| IFIC Bank Ltd. | IFIC Easy Loan |
| HSBC | Personal Secured Loan |
| Meghna Bank Ltd. | Meghna Express Loan |
| Midland Bank ltd. | MDB Secured Loan |
| NRB Bank Ltd. | QUICK LOAN |
| Prime Bank Ltd. | Retail Secured EMI |
| The City Bank Ltd. | City Express Loan |
© Copyright - bankbangla.com