| |
| 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.
- Make money double within 6 years.
- Minimum deposit amount is Tk.50,000 to maximum deposit of Tk.50,00,000.
- Loan facility can be availed up to 80% of the deposited amount.
|
| Product Name |
Monthly Savings Deposit Scheme (MSDS) |
| Features |
- Monthly installment based savings scheme of AB Bank Limited.
- 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.
|
| Returns |
| Monthly Installment |
Pre-tax maturity after: |
| 3 years |
5 years |
7 years |
10 years |
| 100 |
4,281 |
8,025 |
11,442 |
21,897 |
| 500 |
21,409 |
40,128 |
57,210 |
109,488 |
| 1000 |
42,819 |
80,255 |
114,421 |
218,976 |
| 1500 |
64,228 |
120,383 |
171,631 |
328,465 |
| 2000 |
85,638 |
160,511 |
228,842 |
437,953 |
| 2500 |
107,047 |
200,639 |
286,052 |
547,441 |
|
| Product Name |
Monthly Income Deposit (MIDS) |
| Features |
- Fixed deposit scheme with monthly returns.
- Mminimum deposit is Tk. 100,000.00 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.
|
| Returns |
| Principal Amount |
Monthly Payment for: |
| 1 year tenor |
3 year tenor |
5 year tenor |
| 100,000 |
850 |
916 |
1,000 |
| 200,000 |
1,700 |
1,832 |
2,000 |
| 300,000 |
2,550 |
2,748 |
3,000 |
| 400,000 |
3,400 |
3,664 |
4,000 |
| 500,000 |
4,250 |
4,580 |
5,000 |
|
| 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 |
- Purchase of Brand new cars
- 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 |
- Purchase of apartment/house within the Municipal areas of town/cities in Bangladesh.
- Purchase of Flat/Apartment/independent house not more than 15 years old.
- Completion of construction of a new house.
- 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. |
| 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 |
- Lien over FDR, ICB Unit certificate, RFCD, NFCD, CD account(s) etc.
- 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 |
- Lien over FDR, ICB Unit certificate, RFCD, NFCD, CD account(s) etc.
- One personal guarantee in case of third party cash collateral.
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