Professionals like doctor may have the dream to establish a chamber or mini clinic to serve the patients with small scale purchases of medical equipment’s, tools and machineries. Consumer Credit- The doctor’s Loan scheme of the Bank will cooperate with the doctors to make their dream come true with market competitive rate
Customer Segment
- Professor of reputed Medical College/Hospital/Private Practitioner.
- Associate/Assistant Professor of a reputed Medical College/Hospital having a post-graduate degree (FCPS, MS, MD, FRCS or equivalent) / Practitioner.
- MBBS Doctors/Dentists
Purpose:
- Setting up operation Theatre/Chamber (New/Expansion/Renovation/Modernization)
- Purchase of Medical/Diagnostic/Office equipment
Eligibility:
- Age: Minimum age 25 years ( At the time of application) Maximum age at loan maturity up to 65 years (At the end of Loan Tenor)
- Minimum Service/Length of business: For the salaried individuals, must be Permanent & Confirmed employees of any reputed hospital with a minimum of 2 years of professional experience., For self-employed doctors, minimum 02 (two) years of professional experience
- Minimum Yearly income (Net BDT): At least three times the total yearly installments amount of the applied loan
- The borrower must reside for at least 6 months in the same address
Loan Size: Minimum BDT 1.00 Lac, Maximum amount of loan under this Scheme will be Tk.5.00 Lac (Taka Five Lac)
Loan to Value Ratio: 30% of the cost of the item is allowed
Security/Collaterals Requirement
- Two Personal Guarantees with the net worth declaration.
- Personal Guarantee of spouse/parent
- Post-dated cheques for all installments
- One undated cheque covering the total amount of all installments.
- Hypothecation over purchased assets.
Tenor: Minimum 1 year, Maximum 5 Years
Repayment method: Equal Monthly Instalment
Disbursement Mode: By issuing a Pay Order directly to the seller
First repayment date:1st repayment will be started at the end of one month from the date of disbursement
Documents Requirement
- Recent Passport size photographs of the applicant(s) and guarantor (s).
- Photocopy of NID/Passport of applicant (s) and guarantor (s)
- Latest Utility Bill (Gas/Water/Electricity)
- Price Quotation of items to be purchased with a detailed budget
- Business Card/Office ID of the applicant (s) and guarantor (s), if any.
- Latest Tax Certificate / E-TIN
- Personal Net Worth statements of the applicant (s) and guarantor (s) to assess the repayment capacity.
- Bank Statement of last 6 months.
- Attested photocopy of the certificate of the last degree and BMDC/BMA membership Certificate
- Rent or Lease agreement of house/property (if applicable)
- Salary Certificate / Letter of Introduction.
- Professional Certificate issued by the concerned Institution.
- Two years of Bank transaction record.
- Proof of sufficient Income.
Availability Period: Maximum 6 months from the date of sanction advice.
Prepayment: Loan to be prepaid on payment of 2% breakage cost on prepayment amount
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