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 for extension or renovation of your home/flat, Internal and/or external renovation of house or apartment
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 and Self employed with a Professional experience or business establishment for at least 2 years (with adequate proof) with minimum BDT40000 as income;
Minimum monthly income: BDT30000
Quantum of Loan – Maximum 40 Lakhs
Duration – maximum 10 years; Maximum 3 months grace period
Interest Rates – 12%
Security – Mortgage and original title deed; Irrevocable General Power of Attorney (IGPA); Property insurance covering fire, earthquake, flood & cyclone
Others – Partial or early settlement facilities, Competitive interest rates on a monthly reducing balance