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Quick Loan

Get Quick Loans as secured solutions to swipe into safety cash for better living and enhanced lifestyle with easy EMIs.

 

Features:

 
  • Nature of facility: Quick Loan is an EMI based credit facility (Term Loan) against lien on any Bank’s FDR/TD, Scheme Deposit and BGTB.
  • Purpose: Any lawful purpose acceptable to the Bank.
  • Loan Size: Minimum Tk.1.00-Lac -Maximum Tk.200.00-Lac only.
  • Loan Tenor: Maximum – 60 Months.
  • Loan Margin: Minimum-10% (Based on Deposited Value of FDR/TD, Schemes & BGTB) .
 

Eligibility:

  • Any Resident and Non-Resident Bangladeshi Individuals.
  • Minimum age 18 years, Maximum age 70 years.
 

Required Documents:

 
  • Duly filled up Quick Loan application form.
  • Copy of NID, Valid Passport and ETIN certificate (if applicable) of the applicant.

FAQ’s:

 
  1. 1. What is Quick Loan?
– Quick Loan is an EMI based credit facility (Term Loan) against Cash Security (i.e. against Lien on Any Bank’s FDR/TD, Scheme Deposit and BGTB issued from Jamuna Bank).  
  1. 2. What is the purpose of Quick Loan?
– Any lawful purpose acceptable to the Bank.
  1. 3. Who can avail Quick Loan?
– Any Resident and Non-Resident Bangladeshi Individuals (Salaried Individuals, Professionals, Self employed person, Landlord)  
  1. 4. What is the limit of Quick Loan?
– Minimum Tk.1.00-Lac -Maximum Tk.200.00-Lac only.  
  1. 5. What is the tenor for Quick Loan?
– Maximum 60 months.  
  1. 6. What is the age limit to apply for Quick Loan?
– Minimum 18 years and Maximum 70 years.  
  1. 7. What is the margin to be maintained for Quick Loan against Cash Security?
   – Minimum-10% (Based on Deposited Value of FDR/TD, Schemes & BGTB)  
  1. 8. Can the applicant apply for the Quick Loan against Third Party Lien?
– Yes, Third Party (Excluding Minor) Lien on Cash security is allowed.  
  1. 9. What are the required documents to apply for a Quick Loan?
– Duly filled up Quick Loan application form. – Copy of NID, Valid Passport and ETIN certificate (if applicable) of the applicant.  
  1. 10. How to repay Quick Loan?
– By equated monthly installments (EMI) from the following month of disbursement. Payment has to be made within 25h day of every month.  
  1. 11. What options do I have to pay my EMI?
– Automatic/Manual Debit from the saving accounts, through cheques, RTGS, BEFTN, and Transfer from JBPLC’s Mobile App/Wallet.  
  1. 12. Can the applicant apply for the Quick Loan jointly?
– Yes. Co-applicant is limited to family member of the principal applicant (i.e. Parents, Spouse, Sibling and Children only).  
  1. 13. I am already a loan payer. Am I eligible for Quick Loan?
– Yes,  
  1. 14. Can partial payment/early settlement is made anytime in Quick Loan?
– Yes. Partial payment/ early settlement can be made anytime. *Conditions Apply.  
  1. 15. What is the Interest Rate of Quick Loan?
– For JBPLC’s FDR/TD & Scheme Deposit – Deposit Rate + 3% Spread – For other Bank’s FDR/TD, Schemes & BGTB – As per prescribed interest rate of the bank.  
  1. 16. What is the Fee & Charges of Quick Loan?
– As per prevailing schedule of charges of the bank.