Loan from AB Bank Limited


Product Name and Details


Personal Loan


Target client

staff of reputed local corporate, MNCs, NGOs, airways, private Universities, schools and faculties, worldwide support businesses and UN bodies, executive workers, Self-employed professionals (doctors, Engineers, Chartered Accountants, Architects, Consultants), Businessmen.

Motive            
Marriages in the household, buy of workplace equipment / add-ons, purchase of miscellaneous household home equipment, purchase of private computer systems, purchase of audio-video gear, buy of furniture.

Loan quantity minimal Tk. 25,000.00

Highest Tk. 5,00,000.00

Expenses         software price: Tk. 500.00

Processing rate: 1% on the authorized loan quantity or Tk. 2000.00 whichever is larger

Tenor   Min twelve months

Max 36 months

Price of interest           14.50% p.A. – 17.50% p.A.

Protection        Hypothecation of the product to be bought. Two individual ensures (as per our list of eligible guarantors)


Auto Loan


Target Customer
workers of reputed neighborhood company, MNCs, NGOs, airways, personal Universities, faculties and colleges, worldwide help organizations and UN our bodies, government staff, Self-employed experts (doctors, Engineers, Chartered Accountants, Architects, Consultants), Businessmen

Cause
To purchase brand new automobile, non-registered reconditioned vehicle

Loan quantity 70% for the brand new car

60% for the reconditioned vehicle however ought to no longer exceed BDT 10,00,000.00

Charges           utility price: Tk. 500.00

Processing price: 1% on the accepted mortgage amount or Tk. 5000.00 whichever is larger

Tenor   For Reconditioned car: Max 36 months



For brand new auto: Max 60 months


Expense of curiosity   14.50% p.A. – 17.50% p.A.

Protection       
Hypothecation of the auto to be purchased. Two private guarantees (as per our list of eligible guarantors)



Product Name     Easy Loan (For Executives)

Target Customer         
The mortgage is certainly designed for salaried humans who are employed in exceptional reputed firms

Reason           
Marriages within the family, purchase of place of business apparatus / add-ons, purchase of miscellaneous family home equipment, purchase of personal computer systems, purchase of audio-video equipment, purchase of furniture, strengthen rental cost, trips overseas, Admission/schooling rate of youngsters and so on.

Mortgage amount        minimal Tk. 50,000.00

Maximum Tk. Three,00,000.00

Expenditures   software rate: Tk. 500.00

Processing rate: 1% on the accepted mortgage quantity or Tk. A thousand.00 whichever is better

Tenor   Min one year

Max 36 months

Cost of interest           16.00%

Safety
Letter of confirmation from the corporation. One individual warranty (as per our record of eligible guarantors)



Product Name     Gold Grace – Jewellery Loan


Target Customer         
each female & male staff may just follow viz. Workers of reputed Banks & Leasing corporations, reputed nearby corporate, MNCs, NGOs, airways, private Universities, colleges and schools, global support companies and UN bodies. Govt employees. Self-employed specialists (doctors, Engineers, Chartered Accountants, Architects, Consultants). Businessmen with a trustworthy standard source of earnings.

Purpose          
To purchase embellishes/jewelry for personal use

Mortgage quantity      minimum Tk. 50,000.00
Maximum Tk. 3,00,000.00

Fees    
Utility fee: Tk. 500.00

Processing price: 1% on the approved loan amount or Tk. A thousand.00 whichever is bigger

Tenor   Min 365 days

Max 36 months

Rate of interest           16.00%

Security          
Letter of affirmation from the business enterprise. Individual warranty from the mom and dad and partner (if married)



House/Office Furnishing/Renovation Loan


Target Customer         
Expatriate Bangladeshi nationals who are in industry or provider holders. Staff of reputed Banks & Leasing corporations, reputed neighborhood company, MNCs, NGOs, airlines, personal Universities, colleges and faculties, international support companies and UN bodies. Government employees. Self-employed authorities (medical professionals, Engineers, Chartered Accountants, Architects, Consultants). Reputed and totally reputable Businessmen with a reliable source of income

Purpose          
house/office Furnishing/ Renovation, For inside ornament / Titles Stones, Electrical fittings, wood cabinets / total furnishing and all forms of apartment/place of job Renovation, purchase/furnishing of flats and many others.

Mortgage amount        minimal Tk. 1,00,000.00

Maximum Tk. 10,00,000.00

Costs  
Software fee: Tk. 500.00

Processing rate: 1% on the accredited mortgage quantity or Tk. 2000.00 whichever is greater

Tenor   Min twelve months

Max forty eight months

Rate of interest           16.50%

Safety
Title deed of the house/place of work to be furnished/renovated together with memorandum of deposit of title deed duly supported through a notarized power of attorney to be saved by the bank as a subject of remedy. Two private ensures (as per our list of eligible guarantors). Registered mortgaged of the property if the loan amount is greater than Tk. 5.00 lac



Staff loan

Target Customer             
All permanent employees of ABBL

Purpose          
Marriages in the family, buy of office equipment / accessories, buy of miscellaneous loved ones home equipment, buy of personal computers, buy of audio-video apparatus, purchase of furniture

Loan amount  
In line with the debt burden ration and different criteria

Charges          
Processing cost: 1% on the approved loan quantity

Tenor   Min twelve months

Max 36 months

Rate of curiosity         15.50% p.A.

Safety Hypothecation of the product to be bought

Education Loan


Target consumer          scholar’s standards:


  • Pupils of reputed academic Institutes, similar to Public & confidential Universities, scientific faculties & Engineering Institute.
  • Undergraduate & post graduate degree
  •  Specialists levels (Chartered Accountants (CA), fee & management Accountants (CMA), Marine, MBM, MBA)
  •  Doctorate degree (PhD), FCPS and many others.
  •  Occupation: scholar
  •  Minimal Age: 17 years
  •  Maximum Age: 40 years
  •  Educational Qualification: minimal HSC/A-stage pass.
  • Mother and father standards:
  • Provider Holder:
  •  Members with ranks equivalent to Senior Assistant Secretary or better would qualify guarantor
  •  bank officers (equivalent to senior important Officer of NCBs, AVP / department supervisor of nearby and international banks) and division Head of firm manufacturer or headquartered nearby corporate. Guarantors ought to be authorized by way of the department manager / Head workplace.
  • Businessman:
  •  Well reputed and greatly respected Self-employed authorities


Rationale        
To financially support The mum and dad: Admission/schooling expenses, Semester costs, be taught overseas

Loan amount   minimal Tk. 50,000.00

Highest Tk. Three,00,000.00

Bills     application fee: Tk. 500.00

Processing rate: 1% on the approved mortgage amount or Tk. One thousand.00 whichever is better

Tenor   Min twelve months

Max 36 months

Of curiosity     14.50% p.A. – sixteen.00% p.A.
Security           One individual guarantees (as per our list of eligible guarantors)

Secured Loans

Product title    private loan

Goal consumer            All purchasers of ABBL

Reason            to meet personal requirement of fund

Mortgage amount        maximum ninety five% of the reward worth of the protection

Fees     Processing rate: Tk. A thousand.00

Tenor   Min twelve months

Max 36 months

Expense of curiosity  
13.50% p.A. – 16.50% p.A. (discipline to kind of the safety). 2% spread need to be maintained in case of own bank FDR

Security          
Lien over FDR, BSP, ICB Unit certificate, RFCD, NFCD, CD account(s) and so on. One personal assurance in case of 1/3 party money collateral (as per our record of eligible guarantors)

Personal Overdraft Loan


Target consumer          All purchasers of ABBL

Motive             to satisfy individual requirement of fund

Loan amount   highest ninety five% of the present price of the security

Bills     Processing cost: Tk. One thousand.00

Tenor   Revolving with annual assessment

Fee of curiosity          
13.50% p.A. – 16.50% p.A. (discipline to kind of the security). 2% unfold must be maintained in case of possess financial institution FDR

Safety
Lien over FDR, BSP, ICB Unit certificates, RFCD, NFCD, CD account(s) and so forth. One individual guarantee in case of 0.33 social gathering cash collateral (as per our record of eligible guarantors)

Corporate Banking
At AB financial institution we provide complete range of solutions to fulfill corporate customers’ requirement. Our corporate Banking options comprise a wide spectrum of merchandise and services backed through confirmed, latest applied sciences.

Corporate Lending
Our specialist teams offer a comprehensive provider delivering finance to tremendous and medium-sized companies founded in Bangladesh. For more understanding as to how we might quality meet your corporate debt wishes, please contact us at our company Head administrative center.

Structured Finance
we have a expert Structured Finance group who organize and underwrite finance solutions together with Debt and equity Syndication for financial sponsors, administration teams and corporate. Also we furnish corporate advisory services.

We aim to furnish tailor-made financing solutions with a committed staff who can quickly reply to customer wants.

Following are probably the most products and fiscal instruments of company Banking:

  1.     Undertaking Finance
  2.     Working Capital Finance
  3.     Alternate Finance
  4.     Money administration
  5.     Syndicated Finance, both onshore & off-shore
  6.     Equity Finance, each onshore & off-shore
  7.     Corporate Advisory offerings

SME Loan

Considering that the volume, function and contribution of the SMEs, within the last two many years AB financial institution has been patronizing this sector by using extending credit services of one of a kind types and tenor. As of now fifty four% of the bank’s whole loan portfolio is segmented to the SMEs which deserve all out awareness in our plans, projections and forecasting.

As such the financial institution has emphasized on the next disorders:
  •     To furnish the exceptional offerings to the SME sector
  •     To increase the SME portfolio of ABBL tremendously
  •     To toughen the great of ABBL’s portfolio

SME Sectors in which AB financial institution has participated up to now:

  1.     Agro machinery
  2.     Poultry
  3.     Animal Feed
  4.     Dairy Product
  5.     Fruit renovation
  6.     Hotel & eating places
  7.     Garments components
  8.     Leather-based products
  9.     Plastic product
  10.     Furniture: wooden & metal
  11.     Ink
  12.     Paint
  13.     Printing & Packaging
  14.     Wire & Cable
  15.     Aluminum
  16.     Cement and Lime Plaster
  17.     Clinics and Hospitals
  18.     Engineering & Scientific instruments

Giant mortgage & challenge Finance

    To be able to cater the demand of purchaser AB bank has segmented its portfolio in phrases of mortgage size. As per this segmentation any loan over Tk. 10.00 Crore falls underneath the purview of massive mortgage Unit.
    In AB financial institution, there's also a separate task Finance unit who evaluate the trade. The unit is entrusted to manage the portfolio in a focused method. AB financial institution is at all times in fore entrance to help   institution of new initiatives of diverse nature on the way to support to develop the manufacturing environment vis-à-vis to generate to employment.
    On the moment AB bank‘s publicity in huge loan & mission Finance portfolio is disbursed within the following sectors:

SL       Sector ABBL publicity (restrict)
(Fig. In Lac Tk.)
1          Agro- industry            12,717.56
2          Cement vigour, Glass 38,691.Ninety two
3          consumer merchandise            21,855.00
4          edible Oil        36,057.53
5          Engineering & building           18,106.Forty two
6          monetary university    1,414.70
7          meals & Beverage       27,044.24
8          lodge   2,505.26
9          well being Care            3,928.62
10        Printing & Packaging 11,867.Sixty one
11        actual property            10,451.Forty nine
12        Micro-finance 5,763.15
13        Export             9,441.Sixty three
14        RMG & Backward Linkage   ninety four,826.Thirteen
15        Ship Breaking             18,029.20
16        metal   forty two,824.97
17        Telecom & pc accessories       11,479.89
18        trading             77,579.89
            complete ( together with syndicated publicity)          444,585.21
            less Syndicated publicity        fifty one,560.29
            total large mortgage & mission Finance portfolio without syndicated exposure       3930,24.92


Corporate Address Corporate Office

BCIC Bhaban, 30-31 Dilkusha C/A
Dhaka 1000, Bangladesh
GPO Box: 3522
Phone: +88-02-9560312
Fax: +88-02-9564122, 23
SWIFT: ABBLBDDH
Email: info@abbank.com.bd


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