Purpose of the facility

Purchase of furniture/ miscellaneous household appliances, electronic goods/items, ornaments, jewellery, House renovation, other legitimate purposes permissible by Islamic Shariah.

Customer Segment / Eligibility Criteria

• Salaried executives of reputed organizations having salary accounts with any Banks
• Salaried executives of various Govt./Semi-government organizations/ Autonomous bodies
• Self-Employed/ Professionals like Doctors, Architects, Engineers, Chartered Accountants, Consultants and IT professionals
• Teachers of reputed Public Universities, Reputed Government/Private college/Madrasah, Medical College, Private Universities & Colleges.
• Well reputed business man/land lords or ladies whose income must be reflected in the Bank Statements.

Investment Amount (min and max)

• Minimum BDT50,000/-.
• Maximum BDT10, 00,000/- or 12 times of Gross Monthly income, whichever is lower.

Repayment Tenor

12 to 60 months

Advance / Partial Pre-Payment

Allowed at any time without any types of Fee/Charges

Early final settlement

Allowed at any time without any types of Fee/Charges.

Personal Guarantee

For Salaried Executives & Self-employed professionals:
One (01) Personal Guarantee & One (01) Family Guarantor will be required

For Businessman & Landlords:
Two (02) Personal Guarantees & One (01) Family Guarantor will be required

Required Documents

Salaried Executives:         

Letter of Introduction (LOI), Payslip (if available), Copy of National ID/Voter ID/ Passport/ Driving Licence/ Employee ID, Bank Statements for last 6/12 months, Photographs, TIN Certificate, Business Card etc.

Self Employed Professionals:

Copy of National ID/Voter ID/ Passport/ Driving Licence, Bank Statement for last 12 months, Certificate of professional degree (i.e. MBBS etc.), Certificate of Membership with respective Professional Association (i.e.BMDC etc.), Photographs, TIN Certificate, Business Card etc.

Businessman & Landlords:

Copy of National ID/Voter ID/ Passport or driver license, Bank Statement for last 12 months, Copy of Trade License (for proprietorship & partnership firm)/Partnership Deed (for partnership firm) /Memorandum & Article of Association and copy of share summary (for Limited Liability Co.), Monthly Sales Report of last 12 months for businessman, Rental Agreement (For landlords), Proof of property ownership/ municipal tax receipt (For landlords), Statement of the A/C where rental income is reflected (For landlords), Photographs, TIN Certificate etc.

Borrower’s Eligibility:

Nationality :  Bangladeshi

Age    

• Minimum 25
• Maximum 60 years at Investment maturity/up to retirement age for salaried Segments.

Length of Service/ practice

• Salaried Executives: Minimum 03 years of experience with 6 months permanent employment with present employer.
• Self-Employed Professionals: Minimum 02 years of continuous practice in the profession
• Businessman: Minimum 03 years of experience (i.e. continuous track) supported by documents.

Minimum Income    
CategoryRequirement

• Salaried ExecutivesMin. Tk. 25,000/- per month
• Self-Employed Professionals Min. Tk. 30,000/- per month
• Businessman/Landlord Min. Tk. 40,000/- per month