Dhaka, Bangladesh (BBN) – State-owned Sonali Bank Ltd is focusing its bicycle loan for the school students at the Banking Fair Bangladesh-2015 to build up a spontaneous attitude of the male and female students.
A student will get BDT 15,000 under the product with an interest rate of 9 per cent, Shyamal Kanti Nath, a deputy general manager of Sonali Bank, told the BBN during the ongoing fair.
The guardians of students will have to repay the loan by three years.
The new product will help the students to be smarter, Mr Nath said.
The bank is also working to popularise its fixed deposit scheme at the fair namely “Sonali Bank Millionaire Scheme”.
The maturity tenure of the FDR is between 3-year and 10-year.
A client will get BDT 10 lakh after three years if he or she pay monthly installment of BDT 24,400.
The client will enjoy BDT 10 lakh after 20 years if he or she pay monthly installment of BDT 1,640.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.