House Hold Durables

A Consumer Loan Scheme provided by Uttara Bank PLC. to the Individuals to purchase various consumer durables such as Television, Refrigerator, Air conditioner, Computer, and other household furniture.  

Category / Loan type:Term Loan

Maximum Loan Ceiling : Tk.3.00 Lac

Purpose :To purchase Consumer Durables for personal/family use.

Customer Eligibility :

• For salaried individual, minimum total service length of 3 years.
• For self employed individual, a business record of minimum 4 years.
• Age limit from 21 years to 65 Years.
• Adequate disposable income to pay the Loan installment.

Security :

• Hypothecation over purchased assets.
• Personal Guarantee of the spouse / parents and an individual having minimum solvency/income not less than that of the borrower supported by income proof.
• Post dated cheque.
• Other Securities as acceptable to the Bank

Repayment : Equal Monthly Installment .

Basic Documents Requirements (not limited to) :

• Salary Certificate.
• Income Statements
• KYC
• National Identification Cards
• Bank Statement for last 6 months
• Loan Tenor :1 years to 3 years .
• Debt Equity Ratio : 70 : 30

*condition will be applicable