FAQ’s

1. What is the purpose of a Salary Loan?

Travel Expenses, Marital Expenses, Educational Expenses, Festival Expenses, Home Construction, House Renovation, Transport Purchase, Household Durables/ Equipments/ Electronics Purchase, Medical/Treatment Expense and any other lawful purpose of the customer, acceptable to the bank.

2. Who can avail Salary Loan?

Regular/Permanent employee of Government/Semi Government/Autonomous/Private organization operating in Bangladesh having minimum 1 year of total experience and minimum 6 months with the present Employer. However, Applicant having Payroll Account with Jamuna Bank will get privilege as per JBL’s Payroll Banking Policy.

3. What is the minimum and maximum loan amount for Salary Loan?

Minimum BDT. 1 Lac and maximum BDT. 15 Lac (or, 15-times of Take Home salary, whichever is lower)

4. What is the minimum and maximum loan tenor for Salary Loan?

Minimum 12 months to maximum 60 months

5. What is the minimum and maximum age to apply for Salary Loan?

Minimum 21 years and maximum 60 years

6. What is the minimum service length with current organization for salaried individuals to apply for Salary Loan?

Minimum 6 months

7. What is the total service length to apply for Salary Loan?

Minimum 1 year of total experience.

8. Is a contractual employee eligible for Salary Loan?

No.

9. What is the minimum income to be eligible for Salary Loan?

BDT. 15,000 

10. What are the required documents to apply for a Salary Loan?

• National ID Card/ Smart ID/Birth Certificate/ Passport
• Passport Size Colored Photographs
• Bank Account Statements (Minimum 06 Months)
• Income and Professional Proof- Letter of introduction/Salary Certificate/Pay Slip /Employment ID Card
• Others Income- proof of income
• Personal Guarantee.
• ETIN Certificate with Up to date Tax return submission receipt (if applicable)
• Copy of a utility bill of contact address /permanent address

11. I am already a loan payer. Am I eligible for Salary Loan?

Yes, but it depends completely on your existing EMI’s regularity and if proposed/new loan’s EMI matched with your present income.

13. What is the repayment process of Salary Loan?

Through Equated Monthly Instalment (EMI). EMI amount can be deposited through debiting applicant’s Savings/Current A/C or cheque or RTGS/BEFTN or JBPLC’s Mobile App/Wallet.

14. Can partial payment/early settlement is made anytime in Salary Loan?

Yes. Partial payment/ early settlement can be made anytime. *Conditions Apply

15. What is the Interest Rate of Salary Loan?

As prescribed by the bank as per Bangladesh Bank’s Circular issued from time to time

16. What is the Fee & Charges of Salary Loan?

As per prevailing schedule of charges of the bank.