Parama Personal Loan

Age: Minimum 21 years
Job Experience: 2 years (For Salaried and Self Employed Professionals) and 3 years (For Businesswomen)
Minimum monthly income: BDT 20,000.00 only
Loan amount: Maximum BDT 20 Lac
Loan Tenure: Maximum 5 years

Eligibility

Salaried*
Self Employed Professionals i.e. Doctor, Architect, Engineer, Chartered Accountant etc who are engaged in independent profession
Businesswomen
- Owner of Sole Proprietorship
- Partners of Partnership firm
- Director of Private Limited company
Landlady (Rental Income Holder)
Remittance Income Holder (Remittance must be received by the Mother/spouse and/or the son/daughter doing job in abroad)

*Conditions apply.

Key Features

Flexible EMI Date
Simple Documentation
Quick Processing

Frequently Asked Questions (FAQ)

1. Who can apply for Parama personal loan?

Answer: Any female Bangladeshi job holder, business owner, doctor, engineer, independent professional, property and remittance income holder can apply for the loan.

2. What is the minimum age to apply for a loan?

Answer: Minimum 21 years.

3. What is the maximum age limit to take the loan?

Answer: For salaried female, the maximum age limit is 60 years or the retirement age which is earlier. For independent professional and businesswomen age limit is 65 years.

4. What is the monthly income required to apply for the loan?

Answer: Minimum monthly income required to apply for the loan is BDT 20,000 for salaried women, BDT 30,000 for independent professional and businesswomen and BDT 30,000 for property and remittance income holder.

5. What is the minimum and maximum loan amount?

Answer: Minimum loan amount is BDT 100,000 and maximum loan amount is BDT 2,000,000.

6. What is the minimum loan tenure of the loan?

Answer: Minimum 1 year.

7. What is the maximum loan tenure?

Answer: maximum 5 years.

8. Who can be the loan guarantor?

Answer: Spouse, parents (if unmarried) and third party can be the guarantor.

9. When will the repayment start?

Answer: Within 30 days after the 1st disbursement.

10. What is the minimum experience required to apply for the loan?

Answer: Salaried/ Self Employed Professional: Minimum 2 years, Businesswomen: Minimum 3 years .

11. Is any reference required?

Answer: Yes. One colleague / friends & family member/ close relative reference is required.

12. Is personal loan takeover from other Bank is allowed?

Answer: Yes. Personal loan can be taken over from other Bank.

13. Is there any processing fee on takeover loan?

Answer: In case of take over loan no processing fee will be applicable on take over amount. Processing fee will be charged only on the additional loan amount.