Dhaka, Bangladesh (BBN) – Jamuna Bank is putting emphasised on its salary loan product at the Banking Fair Bangladesh-2015 so that it would attract professionals.
The bank will provide 10 fold loan against the monthly salary amount of a professional, Sabbir Ahmed Tamim, senior executive officer of Jamuna Bank, told the BBN during banking fair.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.
The interest rate of the salary loan is 16 per cent, Mr Ahmed added.
The bank is focusing another product namely auto loan to help the middle-class people to enjoy riding motor car.
The bank will provide maximum auto loan of BDT 40 lakh to its clients with an interest rate of 15 per cent, the private banker said.
A client’s net income must have at least BDT 40,000 per month to avail the auto loan.
The tenure of the loan is five year.
The bank is also keeping importance in opening account under the product of ‘Millennium Deposit Scheme’.
A client will enjoy BDT 1 million after seven years if he or she pay installment of BDT 8,150 per month.