We understand your all out efforts to improve the quality of life, but necessities no longer wait for your savings to accumulate. Sometimes, it gets harder to meet ever changing needs. IDLC can help you achieve your aspirations with a Personal Loan that is suitable for you, IDLC Personal Loan- financing for all your needs!
BENEFITS
- Faster loan approval
- Competitive interest rate
- Lowest possible charges
- Dedicated and supportive service
- Early settlement option
- We provide both secured and unsecured loans
PURPOSE
- Purchasing consumer durables
- Meeting any financial liability
- Marriage
- Education
- Domestic or Foreign Travel
- Medical treatment for self/family members
- Any other support that best suits your needs
TYPES OF LOAN
Secured Personal Loan- When loan is backed by any of the following:
- Cash security (deposit with IDLC or line on FDR)
- Assignment of retirement benefits
- Assignment of salary
- Any immovable property (in Dhaka, Gazipur, Savar, Bogra and Chittagong)
Unsecured Personal Loan
When the loan is not backed by any security or guarantee under specific conditions of IDLC.
ELIGIBILITY
You are eligible if you are:
- Executive reputed local / multinational organization.
- Practicing Physician, Dentist, Chartered Accountant or Architect
- Employee of government organization.
FEATURES
| Customer Group |
Salaried executives of multinationals, local organizations, government organizations, professionals, local corporate and doctors. |
| Maximum Age |
60 years |
| Employment Record |
Minimum 1 year but at least 6 months with current employer |
| Repayment |
Equal monthly installment (EMI) |
| Minimum Loan |
Tk. 40,000/- |
| Maximum Loan |
Tk 1.00 mln or 12 times of net salary/monthly income whichever is lower. |
| Tenure |
Maximum 60 months |
| Rate of Interest and Fees |
We offer you a competitive interest rate and low fees. |
| Personal Guarantee |
One PG (some times not required) |
| Early Payment |
Early prepayment is allowed with minimum charges |
DOCUMENTATION REQUIRED
- Application form (properly filled up), Bio data & recent photograph
- CIB undertaking form (properly filled up)
- Copy of ID, Driving license, Voter ID, Visiting Card
- Photocopy of the passport with evidence of arrival at port of entry, visa stamped pages
- Latest salary slip showing all deductions & a Letter of introduction from employer
- Personal bank statements for last 12 months
- Rental income/other income documents
- Credit card copy & credit card statement for the last 12 months
Q. Do you offer loan to businessmen?
No, we do not offer personal loan to businessmen.
Q. How to pay the installments?
You have to pay the installments on monthly basis through submission of Post Dated Cheques (PDCs) at the time of disbursement.
Q. Is there any chance of prepayment?
Early prepayment is allowed with minimum charges.
Q. How to apply for the loan?
You are required to fill the prescribed application form of IDLC available at free of cost at any pf our branch offices and submit it with required supporting document. You need to pay application fee through account payee cheque in favor of IDLC FINANCE LTD. while submitting the application. On receipt of your application duly completed, IDLC would make necessary inquiries/ investigation and convey its decision to you.
Q. Do you take over costly loan from other banks/FIs ?
Yes, we can take over your costly loan from other Bank/FI.
