The benefits of hiring the UCB personal loan are:
- IN maximum loan amount up to BDT 20 Lacs
- The convenient loan repayment term of up to 5 years
- Fully unsecured loan with no cash collateral or any other collateral required
- Attractive interest rates and fees
- No hidden fees
- Fast approval process
- Loan recharge and ease of acquisition
Why does the Utua Club recommend you the UCB personal loan?
Personal loans are types of loans that do not require a purpose for the amounts contracted. These are loans to consumers released at rates compatible with financial market rates, with flexibility for contracting and extended payment terms. With HalkBank’s loan, you can borrow amounts limited to BDT 20 Lacs and enjoy up to 5 years for the total payment of the loan. As they are low-value loans, the UCB does not require as a main requirement the existence of guarantors or collateral for contracting the personal loan, however, interest rates will be slightly higher than loans that require collateral.
Author’s opinion
Personal loans have a fixed interest rate for contracting. This interest rate varies depending on the amount to be contracted and changes in the financial market. Still, the rates applied to the UCB personal loan are considered reasonable considering the established payment terms and consumer loan options available from other banks.
A tip for your pocket
Having a loan in your name is a bad sign for your credit history. This is because financial institutions understand that you are going through a bad financial moment and this could compromise your ability to comply with payment plans for other credit products.
It may be that access to credit cards is compromised, financing is disapproved and the purchase of real estate is hampered by the simple fact that there is an active loan payment plan in your name.
Information about other loans available in Bangladesh can be found right here on the website Utua! Our team has separated for you the most relevant information for contracting available loans!
There are some steps to be followed to take out a personal loan from UCB. We’ve listed the most important steps so you know where to start. Shall we see what they are?