Retail Banking
 
 
deposit Products

Product Name Max Saver
Type Savings account with maximum returns.
Features
  • Account will be limited for only individual.
  • Initial deposit of minimum Tk. 50,000.00.
  • No restriction on the number of transaction.
  • No interest forfeiting rules.
  • Free SMS banking & internet banking.
  • Interest will be calculated on daily balance and will be applied quarterly.
  • ATM transaction limit max Tk. 80,000.00 per day.
Rates
Balance Rate
Less than Tk. 50,000.00 0.00%
Tk. 50,000.00 to less than Tk. 5,00,000.00 5.00%
Tk. 5,00,000.00 to less than Tk. 15,00,000.00 6.00%
Tk. 15,00,000.00 to less than Tk. 30,00,000.00 7.00%
Tk. 30,00,000.00 to less than Tk. 50,00,000.00 8.00%
Tk. 50,00,000.00 & above 9.00%
Additional facilities Customer will be privileged by following facilities upon maintaining average balance of 50,000.00 and above:
  • Free cheque book.
  • Free Debit card.
  • No ledger fee.

Product Name Deposit Double Scheme (DDS)
Features
  • Special type of fixed deposit account.
  • Interest rate : 11.00%
  • Make money double within 6 years and 8 months.
  • Minimum deposit amount is Tk.50,000 to maximum deposit of Tk.50,00,000.
  • Loan/overdraft facility can be availed up to 90% of the deposited amount.

Product Name Monthly Savings Deposit Scheme (MSDS)
Features
  • Monthly installment based savings scheme.
  • A person can contribute monthly installments Tk.500 or it’s multiple(Tk.100* for branches outside municipal area)
  • Account can be opened for 3, 5, 7 or 10 years.
  • Rate of interest : 11.00%
  • Loan/overdraft facility may be allowed up to 90% of the deposited amount subject to minimum BDT.15,000.
Returns
Monthly Installment Pre-tax maturity after:
3 years 5 years 7 years 10 years
500 21,327 39,865 62,831 107,961
1000 42,654 79,731 125,662 215,922
2000 85,309 159,461 251,324 431,844
5000 213,271 398,653 628,309 1,079,610
10000 426,543 797,306 1,256,618 2,159,221

Product Name Monthly Income Deposit (MIDS)
Features
  • Fixed deposit scheme with monthly returns.
  • Minimum deposit is Tk. 1,00,000.00 with the maximum amount being Tk 50,00,000 either in a single/joint name.
  • Account can be opened for 1, 3 or 5 years.
  • Rate of interest : 11.00%
Returns
Principal Amount Monthly Payment
100,000 917
5,00,000 4583
10,00,000 9167

Product Name Millionaire Scheme Account (MSA)
Features
  • Monthly installment based savings scheme with fixed maturity value of BDT. One million (10,00,000).
  • Scope of initial investment to reduce monthly installment.
  • Installment size varies with tenor and initial investment.
  • Account can be opened for 3, 4, 5 or 6 years.
  • Rate of interest : 11.00%
  • Loan/overdraft facility may be allowed up to 90% of the deposited amount subject to minimum BDT.15,000.
Installment size
Tenor (years) 3 4 5 6
Without initial investment 23,550 16,700 12,630 9,940
With initial investment of: 50,000 21,930 15,440 11,570 9,010
75,000 21,120 14,800 11,040 8,550
100,000 20,320 14,170 10,510 8,085
125,000 19,515 13,540 9,970 7,620
150,000 18,710 12,900 9,440 7,155
175,000 17,910 12,270 8,910 6,690
200,000 17,100 11,630 8,380 6,225

Personal Banking Loan Products


Product Name Personal Loan
Purpose Personal Loan may be availed for purchase of household items, marriage, House/Office Renovation etc.
Loan Limit Minimum Tk. 50,000/-
Maximum Tk. 10,00,000/- (without collateral)
30% of the value of the quotation
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount
Tenor Min: 12 Months
Max: 60 Months
Rate of Interest 18.00% p.a-21.00% p.a (to be determined by ALCO from time to time)
Security Hypothecation of the product to be purchased.
Guarantee 1. Spouse/parent guarantee.
2. One personal guarantee.

Product Name Auto Loan
Purpose
  1. Purchase of Brand new cars
  2. Purchase of Re-conditioned cars
Loan Limit 30% of the value for brand new car or reconditioned car but not exceeding BDT 20,00,000/-
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount.
Tenor Brand New: 12-72 Months
Reconditioned car: 12-60 Months
Rate of Interest 16.00%-19.00% p.a (to be determined by ALCO from time to time)
Security Registration of the vehicle in the name of the bank on account of the client- Hire Purchase Mode.
Guarantee Personal guarantee of spouse/parents only.

Product Name Education Loan (disbursed to parents/guardian)
Purpose To assist parents/guardians for Admission/Education fees, semester fees, study abroad for their children/wards.
Loan Limit Minimum Tk. 50,000/-
Maximum Tk. 10,00,000/- (without collateral)
30% of the value of the total cost
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount.
Tenor Min: 12 Months
Max: 60 Months
Rate of Interest 18.00% p.a - 21.00% p.a (to be determined by ALCO from time to time)
Guarantee Personal guarantee of spouse/parents only.

Product Name Education Loan (for executive)
Purpose To assist executives pursue Higher studies/professional qualification at local/overseas institutions.
Loan Amount Minimum Tk. 50,000/-
Maximum Tk. 10,00,000/- (without collateral)
30% of the value of the total cost
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount.
Tenor Min: 12 Months
Max: 60 Months
Rate of Interest 18.00% p.a - 21.00% p.a (to be determined by ALCO from time to time)
Guarantee Personal guarantee of spouse/parents only.

Product Name Home Loan
Purpose
  1. Purchase of apartment/house within the Municipal areas of town/cities in Bangladesh.
  2. Purchase of Flat/Apartment/independent house not more than 15 years old.
  3. Completion of construction of a new house.
  4. Loan takeover facility of Home Loan from other banks at a preferential rate
Loan Limit Min: BDT 500,000/-
Max: 70%of the value of the flat or construction cost for completion but not more than Tk. 1,00,00,000/-
Charges Application fee: Tk. 500/-
Processing fee: 1.5% on the approved loan amount.
Tenor Min: 3 Years
Max: 15 Years
Insurance Coverage Property insurance for Earthquake and Fire.
Rate of Interest 15.00% - 18.00% p.a (to be determined by ALCO from time to time)
Security Registered mortgage of property along with  registered IGPA to sell the property.
Guarantee Personal guarantee of spouse/parents / legal heir only.

Secured Loan
Product Name Personal Overdraft-Secured
Purpose To meet personal requirement of fund
Loan Amount Maximum 80% of the security.
Charges Processing fee: 0.5% subject to Min Tk. 2,000 and Max Tk. 10,000
Tenor Revolving with annual review.
Rate of Interest For ABBL FDR: 15.00% p.a-18.00% p.a
Other Bank’s FDR, WDB: 15.25% p.a – 18.25% p.a
(To be determined by ALCO from time to time.)
Security
  1. Lien over FDR, ICB Unit certificate, RFCD, NFCD, CD account(s) etc.
  2. One personal guarantee in case of third party cash collateral.

Product Name Personal Loan
Purpose To meet personal requirement of fund.
Loan Amount Maximum 80% of the security.
Charges Processing fee: 0.5% subject to Min Tk. 2,000 and Max Tk. 10,000
Tenor Min: 12 months
Max: 36 months
Rate of Interest For ABBL FDR: 15.00% p.a-18.00% p.a
Other Bank’s FDR, WDB: 15.25% p.a – 18.25% p.a
(To be determined by ALCO from time to time.)
Security
  1. Lien over FDR, ICB Unit certificate, RFCD, NFCD, CD account(s) etc.
  2. One personal guarantee in case of third party cash collateral.