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 – To buy furniture/home appliances/household durables
Eligibility – At least 21 years of age;
Salaried people who are permanently Employed for at least 1 year by a well-reputed organization including at least 6 months with present employer; Self employed who are under Professional exercise for at least 3 years (with adequate proof) are eligible for the house hold durable loan.
The monthly income of the salaried must be minimum BDT10000 and self employed people must earn minimum BDT25000 per month
Quantum of Loan – Loan amount maximum 5 lakhs
Duration – maximum 5 years
Interest Rates – 11.25%
Security – Personal guarantee of the borrower; one personal guarantee acceptable to Prime Bank; Post-dated cheque similar to other personal loan
Others – Competitive interest rates on a monthly/quarterly reducing balance; convenient partial or early settlement