Who can apply?
✔️ Age between 25 and 65 at the end of the loan
✔️ Minimum monthly income of BDT 25,000: BDT 30,000 for private-sector employees paid at another bank, BDT 20,000 for BRAC Bank payroll customers, BDT 25,000 for government employees
✔️ Salaried: confirmed employee with at least six months of total work experience (one month for payroll customers, none for government employees)
✔️ Doctors: at least two years of BMDC registration; business owners: at least three years in the same business
✔️ Eligible segments: employees of multinational, corporate, government and autonomous organisations, and professionals such as doctors, engineers, teachers and accountants
What are the rates and fees?
✔️ Interest rate: variable, applied under Bangladesh Bank’s interest rate guideline and BRAC Bank’s prevailing rate; relationship pricing for customers with several products; 0.5% lower for TARA (women) customers
✔️ Processing fee: 0.50% of the loan amount or BDT 15,000, whichever is lower, plus 15% VAT
✔️ CIB charge at actual cost plus 15% VAT; stamp charge at actual cost
✔️ Other charges (early settlement, EMI rescheduling, late payment) as per the bank’s retail lending schedule of charges
✔️ Insurance Shield: optional single premium that can be added to the loan; covers 100% of the loan amount (group life) or 200% of the outstanding balance (credit life), up to BDT 20 lakh per person until age 65
What documents do you need?
✔️ Photocopy of the NID of the applicant and of the guarantor (if any), one passport-size photograph each
✔️ Office ID or visiting card of applicant and guarantor, and a utility bill copy
✔️ e-TIN certificate for loans above BDT 5 lakh
✔️ Salaried: letter of introduction from the employer, pay slip or salary certificate, last six months’ bank statement
✔️ Doctors: BMDC certificate and bank statement; other professionals: membership card or professional certificate and twelve months’ bank statement
✔️ Business owners: up-to-date trade licence, registered partnership deed or memorandum and certificate of incorporation, as applicable
A piece of advice for you!
Decide the amount from the EMI, not the other way round. Banks in Bangladesh usually want your total instalments to stay within about half of your net income; if a BDT 10 lakh loan pushes you past that, the answer will be a smaller amount or a longer tenure anyway.
Stay at or below BDT 5 lakh if you can. Under that line there is no guarantor and no e-TIN requirement, and the file moves faster.
Ask for the exact rate in writing before signing: the rate is variable and the sanction letter is the only document that fixes the starting point and the reset rule. Women should apply under the TARA programme for the 0.5% discount.
Apply now on BRAC Bank’s official website!
On the official page, tap “Apply Now”, fill in the online form with your income details and upload the documents above. BRAC Bank’s retail team verifies the file, pulls the CIB report and issues a sanction letter with the final rate and EMI. Tap the button to go there.
Kredua is not a bank or a financial institution licensed by Bangladesh Bank and does not lend money or issue cards. We describe products offered in the Bangladeshi market so that you can decide with more information; every application is made directly with the bank you choose, which alone assesses and approves it.
