Dhaka, Bangladesh (BBN)– BRAC Bank Limited is focusing its retail banking at the Banking Fair Bangfladesh-2015 to provide more consumer loan among the clients.
The bank is offering its three types of consumer loan products, SM Sakif Mahmod, business executive of BRAC Bank, told BBN at the fair ground in Dhaka on Wednesday.
The private commercial bank is providing home loan to the clients with an interest rate of 11.90 per cent. The clients will be allowed to take maximum loan amount of BDT 12 million and the repayment tenure is 25-year.
The bank is highlighting another consumer loan to facilitate the clients to ride motor car by taking credit, according to Mr. Mahmod.
Under the scheme, the client will take loan maximum BDT 4.0 million with an interest rate of 13.50 per cent. The repayment tenure of the loan is five-year.
BRAC Bank is also encouraging the clients to take personal loan during the fair without keeping any collateral securities, the private banker noted.
Under the scheme, the client will be allowed to take the loan maximum BDT 1.0 million by giving personal guarantee.
The rate of interest of the loan is 14 per cent for GP star client and repayment tenure 5-year.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday aiming to build a banking nation through boosting the ongoing financial inclusion campaign across the country.