Commercial Bank of Ceylon offers you the unique facility of Festival Loans to help you meet any kind of festival related expenses. Avail CBC’s Festival Loan and bring back the cheer and celebrate in style!

Enjoy the CBC Festival Loan Advantage

• Low interest rates.
• Low processing charges.
• No hidden costs or administrative charges.
• Repayment period of up to 12 months.
• Complete Transparency.

The Scheme

Purpose

To meet any kind of festival related expenses.

Who can apply?

• You are eligible to avail a Festival Loan if you are:
  • An employee of Govt., profit-making public or private limited companies or institutions, etc., with a minimum of 2 years’ service OR
  • Self-employed person with minimum 3 years standing or experience
• You have a gross monthly income of BDT 40,000/-
• Your spouse’s income can also be considered in calculating the loan amount provided he or she guarantees the loan or the loan is taken jointly.

Age

• Minimum age 23 years
• Maximum 60 years at the time of maturity

Loan Amount

• Your festival loan limit would be determined by your income and repayment capacity.
• Minimum: BDT 50,000/-
• Maximum Loan amount: BDT 200,000/-. However, subject to proper justification and compliance with other conditions, we may go up to BDT 500,000/- as an exception.

Documents Required

• Passport Size Photograph
• Last 6 month’s bank statement *
• Last salary slip or Letter of introduction
• Proof of official address for self-employed individuals and professionals. This can include shop and establishment certificate or Lease deed or Telephone Bill or Electricity Bill.
• Valid Trade License in the case of self-employed individuals and professionals
• Proof of submission of updated Income tax return

Security

Personal guarantee of the spouse or any other person of adequate worth where check off facility is not available.

Apply for a loan

Who can apply: If you are a Bangladeshi citizens employed who are in a position to service you can apply for this facility.

How to Apply: Download application form and submit the filled form to any Commercial Bank branch. If you already maintain an account with Commercial bank, you can email the application form to your branch.

Apply Now