Who can apply?
City Bank publishes its criteria on the product page:
✔️ Age between 22 and 60
✔️ Salaried executives: at least two years of experience and a monthly income of BDT 40,000 paid into a bank account
✔️ Professionals: at least two years of practice and a monthly income of BDT 60,000
✔️ Business owners: at least three years in business and a monthly income of BDT 100,000
✔️ Landlords: monthly rental income of BDT 50,000
✔️ Bangladeshi resident with NID and a clean CIB record; conditions apply
What are the rates and fees?
✔️ Interest rate: described by the bank as competitive; the exact rate is quoted at assessment and follows Bangladesh Bank’s lending rate framework
✔️ Processing fee and other charges: as per City Bank’s schedule of charges (linked from the product page); the bank states there are no hidden charges
✔️ Double Benefit insurance: included; pays the outstanding balance and an equal amount to the nominee in case of death or permanent total disability
✔️ Early or partial settlement: allowed under the conditions of the schedule of charges
The bank provides a downloadable list of basic documents and an EMI calculator on the product page; use both before you apply.
What documents do you need?
✔️ NID copy, passport-size photographs and e-TIN certificate
✔️ Salaried: salary certificate or pay slips, office ID and bank statement showing the salary credits
✔️ Professionals: professional registration and bank statements of the practice
✔️ Business owners: trade licence, company documents and business bank statements
✔️ Landlords: rental agreements and bank statements showing the rent
A piece of advice for you!
Run the EMI calculator with a rate a little above what you expect. If the instalment still fits after leaving room for rent, food and school fees, you are applying for the right amount; if it only fits at the lowest rate, reduce the amount.
Use the loan for a purpose that lasts as long as the instalments. Five years of EMIs for a holiday is a bad trade; five years for a renovation that raises the value of your home, or for consolidating card debt at 25%, is a sensible one.
Check your CIB status before submitting. City Bank pulls the report for every application, and an old default that you had forgotten will stop the process regardless of your income.
Keep the insurance nominee up to date: the Double Benefit payout goes to the person named in the file, so a change in family circumstances should be reported to the bank.
Apply now on City Bank’s official website!
On the official page, review the eligibility, download the document checklist, use the EMI calculator and submit the enquiry form; a City Bank officer contacts you to collect the documents and complete the assessment. 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.
