Islami Bank Loan Interest Rate | Islami Bank Loan in Bangladesh
- Islami bank loan interest rate
- Islami bank loan calculator
- Islami bank loan in Bangladesh
- Islami bank home loan system
- Islami bank salary loan in Bangladesh
- Islami bank loan interest rate 2022
 |
| Islami Bank Loan 2022 Interest Rate | Islami Bank Loan in Bangladesh |
One of the most popular banks in Bangladesh is Islami Bank Bangladesh Limited. It was established on March 23, 1983. Islami Bank is basically a private commercial bank. Islami Bank Bangladesh Limited has converted the loan into an investment. In other words, they provide loans directly, according to them, if you want to improve your financial condition, you can get investment from Islami Bank for a certain period of time by submitting minimum conditions and documents.
Islami Bank is a little different from all the commercial banks in our country. Islami Bank's loan system is easier than other banks and the interest rate is lower, so the popularity of this bank is increasing day by day.
Dear Visitors, There are many of you who are interested in taking a loan from Islami Bank Bangladesh Limited in an easy way. So throughout today's article, I will discuss with you the loan method of Islami Bank Bangladesh Limited, interest rate on loan and term of the loan, all the documents required for application, and unique issues related to the loan of Islami Bank Bangladesh Limited.
Below is a detailed discussion about the loan of Islami Bank Bangladesh Limited:
1) Household Investment Scheme
Bangladesh Islami Bank provides household investment for a maximum period of 3 years to increase the standard of living of permanent residents of Bangladesh and purchase household items such as electronics and electrical goods, bikes/motorcycles, furniture, ornaments, medical and equipment for engineering students. Let us know the details about Islami Bank Bangladesh Limited Family Investment Project at this stage-
The term of the loan is 3 years.
Interest rate 18% (but maybe lower)
A maximum of Rs 30 lakh in metropolitan areas, Rs 2 lakh in districts and municipalities, and Rs 10 lakh in other areas
The bank will provide a maximum of 30 percent of the total cost as an investment.
2) Transport Investment Scheme
Bangladesh Islami Bank Limited provides transport loans for the purpose of rapid economic growth and expansion of trade, commerce, and industry in the country.
Individuals, businessmen, or businesses with experience in the transport sector apply for these loans for official or commercial use of the respective sector, established hospitals, and clinics.
It invests in the purchase of buses, trucks, minibusses, double-deckers, private cars, microbuses, auto-rickshaws, pickup bans, human haulers, Baku, vessels, etc.
The maximum investment period is 3 years.
The interest rate is 18% or fixed by the bank.
Depending on the type of vehicle, it provides an investment of 60 to 70 percent of the total cost or value.
As security - Purchased vehicles, real estate, marking lines of TDR / MSS, personal guarantor.
3) Islami Bank Private Home Loan (Real Estate Investment Program)
Dear Visitor, Many of you may have a dream to build a new hobby house but due to lack of money you are not able to fulfill that dream, and so Islamic Bank to help you build your hobby house, purchase a flat or ready building, home expansion renovation, lift or generator. Gives loans up to a maximum of 1 crore. The following are the conditions to get a personal home loan from Islami Bank Bangladesh Limited:
60% of the total cost for the construction of a new building up to a maximum of 1 crore, 50% for the purchase of a flat or apartment up to a maximum of 75 lakh, 50% for the purchase of a built house up to a maximum of 1 crore.
Those who can avail of Islamic Bank Home Loan are Land Owners, Employees, Businessmen, Professionals, Expatriates, and others who are able to earn legal income and are considered eligible for Home Loan.
Maximum term of 15 years in the loan council (variable)
The security requirements for taking an Islamic bank home loan are registered mortgage of land/building / flat, personal guarantee, MSS / TDR, etc. as additional security.
Interest rate 15% or bank fixed interest rate.
4) Car Investment Scheme - Islami Bank Car Loan
Bangladesh Islami Bank Limited has launched a car investment scheme for the purchase of cars of various professionals, private or business organizations, and business executives. That means you can take a loan from Islami Bank to buy a car. Terms and Qualifications of Car Loan of Islami Bank Bangladesh Limited-
You will get this loan or investment to buy reconditioned, new car, kycro, jeep, auto, etc.
The maximum term of a reconditioned car loan is 4 years and the term of a brand new car loan is 5 years.
The interest rate is fixed by the bank.
However, Tk 2 crore for a reconditioned car loan and Tk 3 crore for a new car.
The age of the customer should be between a minimum of 21 years and a maximum of 65 years.
5) Real Estate Investment (Commercial and Working Capital)
If you are involved in the real estate business then you can get real estate investment from Islami Bank Bangladesh Limited for building purchase and sale business. Eri provides loans for a maximum of 4 years for developers and a maximum of 8 to 10 years for the construction of commercial buildings.
Real estate investments provide a maximum of 30% of the construction cost for developers and a maximum of 50% of construction cost (Rs. 15 million) for construction of non-developer commercial buildings, and 50% of the purchase price for purchase of commercial building or land.
Reputable developers and traders will be considered eligible for this loan.
Real Estate Investment Interest Rate 17% (Variable)
6) Small Business Loan (Small Business Investment Scheme)
Islami Bank Bangladesh Limited provides loans to unemployed youth, small traders, and cottage industry entrepreneurs with valid trade licenses in order to reduce unemployment in rural and urban areas and to promote small and medium enterprises.
The investment period is a maximum of 1 year and a maximum of 2 years in HPSM.
Return rate 15% or as determined by the bank.
It invests a maximum of Rs 5 lakh for metropolitan areas, a maximum of Rs 3 lakh for districts and municipalities, and a maximum of Rs 2 lakh for other areas.
6) Small Scale Industrial Investment Scheme
Islami Bank Bangladesh Limited provides loans to people with engineering diplomas, degrees,s, and technical knowledge to build an industrial base in Bangladesh and encourage the establishment of small-scale industries in different areas. It mainly invests in food and agriculture, plastics and rubber, forestry and furniture, electrical appliances, clothing, computer technology, and other industries.
The term of the loan is a maximum of 1 year and the term for HPSM is a maximum of 3 years. Pregnancy will be calculated exclusively for female entrepreneurs.
It pays a maximum of Rs 15 lakh for any metropolitan area, a maximum of Rs 10 lakh for districts and municipalities, and a maximum of Rs 5 lakh for other areas.
Banks invest up to 70% of the total cost.
Must have immovable property, machinery, etc. worth more than Rs. 1 lakh as security.
6) Agricultural loan
Our country is a developing country. About 80% of the people in this country are directly and indirectly dependent on agriculture. Considering all these aspects, Islami Bank Bangladesh Limited is giving loan facility up to a maximum of Tk 10 lakh as agricultural loan to improve the living standard of farmers and further improve agriculture. The conditions for getting an agricultural loan are-
The maximum loan amount is 10 lakh rupees.
The term of the Agricultural Credit Council is from 6 months to a maximum of 5 years, but the bank can reduce or increase it if it wants.
In the case of taking an agricultural loan from Islami Bank, up to Rs. 1 lakh should be deposited in the bank as security.
9) Non-Resident Bangladeshi Entrepreneur Investment Scheme
In order to encourage the flow of foreign remittances through banking channels and to prevent money laundering, such loans are offered to non-resident Bangladeshis or long-term Bangladeshis living abroad or their family members who have maintained A / C of remittances. The term of this loan is a maximum of 10 years and a maximum of 1 year for working capital and trade financing.
The amount of investment ranges from Rs 5 lakh to a maximum of Rs 1 crore.
Applicants must be between 18 and 60 years of age.
If it is above Rs.
10) Women Entrepreneur Investment Scheme
Islami Bank Bangladesh Limited invests in the socio-economic advancement of women with the aim of involving women in the production process by expanding investment opportunities for women in the country. Provides loans up to a maximum of Rs. 30 lakhs for a term of one year.
Applicants must be between 18 and 50 years of age.
No deposit up to Rs 5 lakh is required.
Questions and answers asked
Islami Bank Bangladesh Limited provides bike loans?
Yes, Islami Bank Bangladesh Limited provides loans for buying bikes.
Islami Bank provides Salary Loan?
Islami Bank Bangladesh Limited provides various personal loans based on salary. Anyone between the ages of 18 and 65 who is able to repay the loan can apply for this investment.
The latest
Dear Visitors, I hope you have got an idea about the various loans or investments of Islami Bank Bangladesh Limited. If you have any questions or comments about our article, please share them with us.