We’ve highlighted the benefits of the OBL Protect Personal Loan, and now, let’s dive into how you can make it yours.
Eligibility requirements:
- Age Limit: Suitable for individuals aged between 21 to 59 years.
- Professional Experience:
- Salaried Executives: At least 2 years of experience with a minimum of 6 months of permanent employment with the current employer.
- Professionals: A minimum of 2 years practicing in their respective profession.
- Business Individuals: At least 2 years in the current line of business.
- Minimum Gross Monthly Income:
- Salaried Executives: Tk 25,000 per month.
- Professionals, Business Persons & Landlords: Tk 50,000 per month.
Required Documentation:
- Proof of Age (e.g., National ID, Passport).
- Proof of Employment or Business Ownership.
- Income Statement or Salary Slip.
- Any other documentation as required by the bank.
How to apply for OBL Protect Personal Loan?
Applying for the OBL Protect Personal Loan is a straightforward process. Begin by visiting the nearest One Bank Limited branch or their official website. Fill out the application form, ensuring all details are accurate. Attach the necessary documents as listed in the requirements. Once submitted, the bank will review your application, and upon approval, you’ll be notified, and the loan amount will be disbursed to your account.
Repaying your OBL Protect Personal Loan
Repayment of the OBL Protect Personal Loan is based on an EMI (Equated Monthly Installment) system. You can choose a tenure ranging from 12 to 60 months, depending on your convenience. Payments can be made through direct bank transfers, checks, or any other method as specified by the bank.
Financial implications of the OBL Protect Personal Loan
While the OBL Protect Personal Loan offers competitive interest rates, it’s essential to be aware of the financial implications. The interest rate stands at 9.00% for salaried individuals, businessmen, and landlords. Ensure you’re familiar with any additional fees, penalties for late payments, and other charges that might be applicable.
OBL Protect Personal Loan at a glance
The OBL Protect Personal Loan is more than just a financial product; it’s a commitment to your dreams. With its life insurance coverage, competitive interest rates, and flexible repayment options, it’s designed to cater to your every need. However, as with any financial commitment, it’s crucial to understand the terms, evaluate the costs, and make an informed decision.
Ready to elevate your financial journey? The OBL Protect Personal Loan awaits you.