Doctor’s Loan in Uttara Bank Bangladesh

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Doctor Loan in Uttara Bank Bangladesh

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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