Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc.
As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated team with long experience in banking. They constantly focus on understanding and anticipating customer needs. As the banking scenario undergoes changes so is the bank and it repositions itself in the changed market condition.
Purpose – The personal loan is offered for personal miscellaneous financial/family requirements
Eligibility – Age: Minimum 23 years, salaried person who is permanently employed for at least 2 years by a well-reputed organization including at least 6 months with present employer with minimum monthly income of BDT10000; Self employed person with Professional experience or business establishment for at least 2 years (with adequate proof) with minimum BDT25000 as income
Quantum of Loan – Maximum 10 Lakhs; Highest 10 times of monthly income
Duration – maximum 5 years
Interest Rates – 14%
Security – Personal guarantee of the borrower; one personal guarantee acceptable to Prime Bank; Undated cheque
Others – Partial or early settlement facilities, Competitive interest rates on a monthly reducing balance