SBL Household Appliance Loan



  • General Features
    • Tenure: Minimum 12 Months. Maximum: 36 Months
      Repayment method: Equal Monthly Installment
      First repayment date: One month after the date of customer’s availing the loan.
      Debt Burden ratio: 50:50
      Rate of Interest: 17%p.a.q.r (Subject to change time to time by the Head Office)
      Loan Processing Fee: 1% of loan Limit.
      Risk Fund: 1% of loan Limit.
      No hidden charge
  • Purpose
    • Purchase of miscellaneous household appliance, personal computer, audio-video equipment, furniture, Air conditioner, Refrigerator etc. But no facility can be granted for purpose that are legally in contradictions with the law of land.
  • Ceiling
    • Maximum 05(Five) Lac (But maximum 10 times of gross salary).
  • Eligibility
      1. Minimum age: 25 years
      2. Age: Maximum age at loan maturity up to 60(Sixty) years.
      3. Minimum service/Length of service: Regular employee having minimum two years service.
      4. Minimum Income: Minimum Tk. 20,000/-(Twenty Thousand) monthly gross salary.
  • Preferable person
    • All Banks, All Gazzated Officers, Officers of Govt, Semi-Govt. organization & Multi National Companies. Teachers of public & private university, reputed schools & colleges.
  • Documents to be required to avail the loan
      1. Letter of introduction from the employer.
      2. Letter of undertaking for salary & terminal benefits assignment.
      3. Complete Charge Documents.
      4. For tangible assets letter of Hypothecation.
      5. Personal Guarantee of spouse/parents.
      6. Personal Guarantee of colleague or any person accepted to Bank.
      7. Personal Net-Worth statement.
      8. Post dated Cheques.
      9. One undated cheque.
      10. Three copies of Passport size photographs.
      11. TIN certificate.
      12. National ID Card/Citizenship certificate from the competent authority.

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