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Marriage Loan
Purpose of this loan is to provide financial support for the individuals for their wedding or other marriage expenses.
Basic Information
|
Target Customer |
Loan Limit
|
Tenor
|
Interest Rate
|
|
Any individual having regular income who needs financial support for their marriage expenses.
|
From BDT 50,000 to BDT 300,000
(may differ from bank to bank)
|
12 to 48 months
(may differ from bank to bank)
|
15% to 17% Yearly
(may differ from bank to bank & time to time)
|
Eligibility
|
Age Limit |
Minimum Monthly Income
|
Employment Duration
|
|
Min 25 years, Max 50 Years
(may differ from bank to bank)
|
For Salaried Tk. 10,000
For Businessmen and Self-employed Tk. 30,000
(may differ from bank to bank)
|
Salaried: Min 1 year of working experience & min 6 months of continuous employment with present employer Professionals: Minimum 1 year of total practice in the profession. Businessman: Minimum 1 year of involvement in business.
(may differ from bank to bank)
|
List of some banks which have Marriage Loan product
|
Bank Name |
Product Name
|
|
Dutch-Bangla Bank Ltd.
|
Marriage Line
|
|
IFIC Bank Ltd.
|
IFIC Marriage Loan
|
|
NRB Global Bank Ltd.
|
NGB Marriage Loan
|
|
Prime Bank Ltd.
|
Marriage Loan
|
Required Documents
- National identity/passport/driver license/nationality/ward commissioner’s certificate with photo attachment
- Clear studio Photograph and business card
- Bank statement for last 6 months
- Copy of TIN related document
- Letter of Introduction (LOI) for salaried executives or salary slip
- Trade license/MOA for businessmen
- Copy of house ownership and rent agreement for landlord and land lady
- Other document as per loan category
- Other documents as per bank requirement
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