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.
Purpose – The loan is offered for meeting the expenditures of ones wedding
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 3 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
The bank provides 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, Housing 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.