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Grow Green and Live Green contributing to the Planet with Jamuna Bank’s Green Loan.
Features:
Purpose: To purchase/procure/acquire environment/eco friendly items with a view to contribute in reducing carbon footprints, promote energy efficiency, and align with global sustainability goals.
Loan Size: Minimum Tk.0.50-Lac -Maximum Tk.5.00-Lac only
Loan Tenor: Minimum -1 year, Maximum -5 years
Eligibility:
Age Limit: Minimum -21 years but loan tenure shall not exceed 65 years of age of the applicant (except salaried persons).
Loan Tenor shall not exceed remaining service life of salaried person.
Minimum Monthly Net Income:
Salaried Person -Tk.30,000/-per month
Landlord -Tk.40,000/-per month
Professional -Tk.40,000/-per month
Businessman – Tk.50,000/-per month
Length of Experience:
Salaried Persons: Permanent employee having minimum 1 year of total experience and minimum 6 months with the present employer.
Professional/Self employed person: Minimum 2 years of practice in the respective profession.
Businessmen: Minimum 2 years of business establishment and having valid Trade license.
Land Lord/ House Owners: Minimum 1 year in house renting.
Required Documents:
– Copy of National ID Card/Smart ID/Birth Certificate/ Passport
– Passport Size Photographs
– Bank Account Statements (Minimum 06 Months).
– Income Proof
– Personal Guarantee
– Copy of a utility bill of contact address /permanent address
FAQ’s – Green Loan
- 1. What is Green Loan?
Green Loan is an EMI based credit facility (Term Loan) for Individual to purchase/procure/acquire any environment/eco friendly items.
2. What is the purpose of Green Loan?
To purchase/procure/acquire any environment/eco friendly items (i.e. Net Metering Rooftop Solar System, Solar Home System, Solar Pump for Drinking Water, Solar Water Heater, Water efficient washing machine, Electric bike, Biogas Plant for Personal Use, Energy-efficient appliances – Inverter Technology Refrigerator, Air Conditioner, Air Purifier, Induction Cooker, Sustainable Furniture – Wood, Bamboo, Can, LED-TV, Light, Building Green Homes, Retrofitting existing homes with energy-efficient features, CNG/LPG Conversion of Vehicle, Roof top Gardening, Tree Plantation for beautification, Human resources development and Management related to reduce carbon footprints, promote energy efficiency, and align with global sustainability goals, etc)
- 3. Who can avail Green Loan? -Salaried Individuals • Professionals (Doctor, Engineer, Architect, FCA, CA etc)
-Businessperson/ Self employed person • Landlord/Landlady/House Owners
- 4. What is the minimum and maximum loan amount for Green Loan?
Minimum BDT 50,000.00 and Maximum BDT 5, 00,000.00 only.
- 5. What is the minimum and maximum loan tenor for Green Loan?
Minimum 12 months to Maximum 60 months.
- 6. What is the minimum and maximum age to apply for Green Loan?
–Minimum age 21 years but loan tenure shall not exceed 65 years of age of the applicant (except salaried persons).
-Loan Tenor shall not exceed remaining service life of salaried person.
- 7. What is the minimum service length with current organization for salaried individuals to apply for Green Loan?
-At least 6 months.
- 8. What is the length of experience of the applicant is required to apply for Green Loan?
- Salaried Person: Permanent employee having minimum 1 year of total experience and minimum 6 months with the present employer.
- Professional/Self employed person: Minimum 2 years of practice in the respective profession.
- Businessmen: Minimum 2 years of business establishment and having valid Trade license.
- Land Lord/ House Owners: Minimum 1 year in house renting.
- 9. What is the minimum income of the applicant to be eligible for Green Loan?
- For Salaried Individuals BDT 30,000/-
- For Professionals BDT 40,000/-
- For Business Individuals BDT 50,000/-
- For Landlord/Landlady/House Owners BDT 40,000/-
- 10.What are the required documents to apply for a Green Loan?
- – National ID Card/Smart ID/Birth Certificate/ Passport
- – Passport Size Colored Photographs
- – Bank Account Statements (Minimum 06 Months)
- – Income Proof
- – Personal Guarantee.
- – Copy of a utility bill of contact address /permanent address
- – Supplier’s/ Seller’s quotation/Self Declaration of the applicant in support of loan purpose.
- 11. Can a contractual employee be eligible for Green Loan?
No.
- 12. How to repay Green Loan?
Through Equated Monthly Installment (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.
- 13. 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.
- 14. Can the applicant apply for the Green Loan jointly?
Yes. Joint/ Co-applicant is limited to family member of the principal applicant (i.e. Spouse, Parents, Siblings and Children only).
- 15. I am already a loan payer. Am I eligible for Green Loan?
Yes, but it depends completely on your existing EMI’s regularity and if proposed/new loan’s EMI matched with your present income.
- 16. Can partial payment/early settlement is made anytime in Green Loan?
Yes. Partial payment/ early settlement can be made after 3 month of disbursement. *Conditions Apply
- 17. What is the Interest Rate of Green Loan?
As prescribed by the bank as per Bangladesh Bank’s Circular issued from time to time
- 18. What is the Fee & Charges of Green Loan?
As per prevailing schedule of charges of the bank.