Prime Bank- Travel Loan

By | June 6, 2011

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.

Prime Bank is providing various types of Direct Finance and Working Capital to SSI (Small Scale Industries), Retailer, Traders & Wholesaler, MSI (Medium Scale Industries), Professional and Self  Employed, as also bank is providing Educational Loan, Home Loan, Vehicle Loan, Gold Loan, Loans, Bills Discounting, LCBD-Bill Discounting against Letter of Credit, SLBD- Sellers Bill Discount), Personal Loan, Loan against Govt. Security and Loan to Disable Person with very attractive & competitive Interest Rates.

Purpose – To offer financial support for personal and official travel expenses to travel abroad

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 with minimum monthly income of BDT10000

Self employed: Professional experience or business establishment for at least 2 years (with adequate proof) with minimum BDT25000 as income

Quantum of Loan – Maximum 2 Lakhs

Duration – maximum 3 years

Interest Rates – 14%

Security – Personal guarantee of the borrower/s;    One personal guarantee acceptable to PRIME BANK, Post-dated cheque

Others – Partial or early settlement facilities, Competitive interest rates on a monthly reducing balance

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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