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 home loan is offered to provide financial support for Construction of own building /home, purchase of flat/building
Eligibility – Age: Minimum 25 years, Salaried: permanently employed for at least 2 years by a well-reputed organization including at least 6 months with present employer
Self employed: Professional experience or business establishment for at least 2 years (with adequate proof)
Minimum monthly income: BDT40000
Quantum of Loan – Maximum 1 crore
Duration – maximum 25 years
Interest Rates – 12%
Security – Mortgage and original title deed; Signed TPA (Tri Partite Agreement); Irrevocable General Power of Attorney (IGPA); Customer protective insurance coverage; Property insurance covering fire, earthquake, flood & cyclone
Others – Partial or early settlement facilities, Competitive interest rates on a monthly reducing balance; Apartments under construction is also considered