Doctor’s Loan

Professionals like doctor may have the dream to establish a chamber or mini clinic to serve the patients with small scale purchase of medical equipments, tools and machineries. Consumer Credit- Doctor’s Loan scheme of the Bank will cooperate the doctors to make their dream come true with market competitive rate

 

Customer Segment

• Professor of reputed Medical College/Hospital/Private Practitioner.
• Associate/Assistant Professor of reputed Medical College/Hospital having a post-graduate degree (FCPS, MS, MD, FRCS or equivalent) / Practitioner.
• MBBS Doctors/Dentists

 

Purpose: 

• Setting up operation Theatre/Chamber (New/Expansion/Renovation/Modernization)
• Purchase of Medical/Diagnostic/Office equipments

 

Eligibility: 

• Age: Minimum age 25 years ( At the time of application) Maximum age at loan maturity up to 65 years (At the end of Loan Tenor)
• Minimum Service/Length of business: For salaried individual, must be Permanent & Confirmed employees of any reputed hospital with minimum 2 years professional experience., For self employed doctors, minimum 02 (two) years professional experience
• Minimum Yearly income (Net BDT): At least three times of the  total yearly installments amount of applied loan
• Borrower must reside for at least 6 month in the same address

 

Loan Size: Minimum BDT 1.00 Lac, Maximum amount of loan under this Scheme will be Tk.5.00 Lac (Taka Five Lac)

Loan to Value Ratio: 30% of the cost of the item is allowed

 

Security/Collaterals Requirement

• Two Personal Guarantees with net worth declaration.
• Personal Guarantee of spouse/parent
• Post dated cheques for all installments
• One undated cheque covering total amount of all installments.
• Hypothecation over purchased assets.

Tenor: Minimum 1 year,Maximum 5 Years

Repayment method :Equal Monthly Instalment

Disbursement Mode: By issuing Pay Order directly to the seller

First repayment date:1^st repayment will be started at the end of one month from the date of disbursement

Documents Requirement

• Recent Passport size photographs of applicant(s) and guarantor (s).
• Photocopy of NID/Passport of applicant (s) and guarantor (s)
• Latest Utility Bill (Gas/Water/Electricity)
• Price Quotation of  items to be purchased with detailed budget
• Business Card/Office ID of applicant (s) and guarantor (s), if any.
• Latest Tax Certificate / E-TIN
• Personal Net Worth statements of applicant (s) and guarantor (s) to assess the repayment capacity.
• Bank Statement of last 6 months.
• Attested photocopy of the certificate of the last degree and BMDC/BMA membership Certificate
• Rent or Lease agreement of house/property (if applicable)
• Salary Certificate / Letter of Introduction.
• Professional Certificate issued by the concerned Institution.
• Two years Bank transaction record.
• Proof of sufficient Income.

Availability Period : Maximum 6 months from the  date of sanction advice. 

Prepayment :Loan to be prepaid on payment of 2% breakage cost on prepayment amount