Who can apply?
✔️ Bangladeshi citizen living in Bangladesh, with a National ID card
✔️ Minimum age of 21 for salaried applicants and 25 for business owners
✔️ Minimum net monthly income: BDT 26,000 for Standard Chartered payroll clients, BDT 35,000 for employees paid at another bank, BDT 55,000 for business owners and self-employed professionals
✔️ Eligible segments: salaried executives, business persons, self-employed professionals and doctors, with a steady income
✔️ Location: Dhaka (including Narayanganj) and Chattogram; other areas with branch coverage may be considered
What are the rates and fees?
✔️ Interest rate: confirmed at approval; the online calculator displays an illustrative annual rate and monthly repayment for reference only
✔️ Loan amount from BDT 50,000 to BDT 20 lakh, depending on eligibility, income and repayment capacity
✔️ Tenure from 12 to 60 months
✔️ Processing, early settlement and late payment charges as per the bank’s schedule of charges, linked from the product page
✔️ Optional insurance with 200% coverage of the outstanding balance
What documents do you need?
✔️ NID card copy, passport-size photograph and e-TIN certificate
✔️ Proof of tax submission for applicants who are required to file
✔️ Personal guarantee for loans above BDT 5 lakh
✔️ Salaried: original letter of introduction or salary certificate, or pay slip, and last six months’ bank statement with salary credits if the salary account is not with Standard Chartered
✔️ Business owners and self-employed: updated trade licence with proof of three years in business, partnership deed or RJSC incorporation documents (MOA, AOA, Form X/XII/117) and business supporting documents such as work orders
The bank may ask for additional supporting documents.
A piece of advice for you!
Get your net income figure right. The thresholds are net, after tax and deductions, and the bank reads them from the bank statement, not from the gross salary on the offer letter.
If you are outside Dhaka or Chattogram, check with the nearest branch before collecting documents; the bank says other areas “may be considered”, which means a case-by-case decision.
Keep loans at or below BDT 5 lakh if you want to avoid a personal guarantee; above that line a guarantor becomes part of the file.
And ask for the schedule of charges together with the rate quote. Two loans with the same rate can differ by thousands of taka once processing and settlement fees are counted.
Apply now on Standard Chartered’s official website!
On the official page, use the calculator to size the EMI, tap “Apply Now” and submit the short form; the bank’s client centre calls back to collect the documents, and the money is disbursed within two to five working days after the file is complete. 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.
Photo: Shkuru Afshar · CC BY-SA 4.0 · Wikimedia Commons
