We’ve already shown you the main features and general information about the digital personal loan offered by Brac Bank.
Now it’s time for us to explain a little bit about how your application process works. Therefore, continue reading this text and find out how to apply for your loan today!
Eligibility for the Loan
- Only selected BRAC Bank account holders who meet the minimum Digital Loan criteria will be considered eligible for this offer;
- Eligible customers will receive an offer SMS from BRAC Bank.
Required documents
- No documents are required to submit the application;
- The customer must present an identity document with a photo at the partner point of sale before picking up the product.
Interest rate and processing fee
- Interest Rate: The loan rate is variable, being reviewed every six months and with a maximum margin of 3.75%
- Processing Fee: Up to BDT 50 Lac is 0.50% of the loan amount or BDT 15,000.00, whichever is lower, or more than BDT 50 Lac: 0.30% of the loan amount or BDT 20,000.00, whichever is lower.
- Other fees and charges: Applicable in accordance with the retail loan Schedule of Charges..
An advice for you
Before taking out a new line of credit, it is very important to analyze whether the characteristics of this loan make sense for you and meet your needs.
Therefore, carefully read the details of the loan, as well as its payment term, monthly installments and interest rate. That way, you protect yourself and ensure that you are making a good choice for your financial life.
Apply for the loan now!
Have you decided that the Digital Personal Loan Brac Bank credit line is a good option for you and do you want to apply for it as soon as possible?
Then click the button below! You will be redirected to the bank’s website and there, just follow the instructions that will appear on your screen.