Loan Products
SL | Description | Primary Loan | Special Loan |
---|---|---|---|
1 | Service charge, Declining method | 24% | 24% |
2 | Service charge per Tk. 1000 | Tk. 125 (Till 30 June 2024), Tk. 127 (Current Rate) | Tk. 125 (Till 30 June 2024), Tk. 127 (Current Rate) |
3 | Weekly pay-back per Tk. 1000 | ... | ... |
4 | Number of weekly installments to complete repayment | 45 (Till 30 June 2024), 46 (Current Number) | 45 (Till 30 June 2024), 46 (Current Number) |
5 | Loan insurance premium during every cycle disbursement | Tk. 5 per thousand for coverage of member and spouse.nTk. 3 per thousand for coverage of member only | Tk. 3 per thousand for coverage of member ONLY |
6 | Loan insurance payment after borrower's death | Outstanding to be Written off | Outstanding to be Written off |
7 | 1st repayment starts | 14 days after disbursement | 14 days and 1 month after disbursement for weekly and monthly installment system respectively |
8 | Grace period and holidays in each cycle (year) | 6 weeks | 6 weeks |
9 | Provision for advance repayment Last | 6 installments | Last 6 installments for weekly and 1 installment for monthly repayment system |
10 | 1st cycle loan amount | Tk. 5,000-99,000 | Tk. 1,00,000-5,00,000 |
11 | Amount increase in next cycle | ... | ... |
12 | 1st loan disbursement | 1 week after enrollment | 1 week after enrollment |