Secured Loan

Secured Loan

Secured Loan facility helps you manage your urgent cash requirement against your security deposit

Secured loan

A term loan facility

Secured overdraft

A revolving loan facility

Secured loan bullet payment

Only monthly / quarterly interest payment facility

Overview

Expand the boxes below to find out more information regarding Secured Loan

  • Loan Type

    • Secured Loan: A term loan facility for any legitimate personal purpose against security deposit.
    • Secured Overdraft: A revolving facility for any legitimate personal purpose against security deposit. 
    • Secured Loan-Bullet Payment: A fixed term (monthly/quarterly interest payment) loan facility for any legitimate personal purpose against security deposit.

  • Features

    Loan amount: Minimum BDT 50,000/- , Maximum 90% against securities


    Loan tenure: 

    • Secured Loan: 12 Months to 60 Months
    • Secured Overdraft: 1 year (Renewable)
    • Bullet Payment: 12 Months or 24 Months


    Applicable Security: 

    • CBL issued FDR, DPS, WEDB/USDIB/USDPB
    • Other Bank/NBFI issued FDR, WEDB/USDIB/USDPB


    Loan to Value (LTV) ratio: 

    • Up to 90% for CBL issued securities
    • Up to 85% for other bank/NBFI issued securities
    • Up to 75% for WEDB/USDIB/USDPB (in both cases)


    *No hidden charges

    *Competitive interest rate

  • Processing Fee

    • Up to BDT 5 lac: BDT 2,000
    • Above BDT 5 lac to BDT 10 lac: BDT 3,000
    • Above BDT 10 lac: BDT 4,000

  • Eligibility

    • Age limit: Minimum Age 18 Years
    • Minimum personal income: BDT 15,000/- monthly

    *Condition applied

How To Apply

Secured Loan_how_to_apply

Interested to apply for secured loan?

Please feel free to visit us at your nearest City Bank branch or call our 24/7 dedicated customer service center.

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