Life with all its complexities makes many demands upon our resources. Those demands in your life that seemed beyond your grasp are now possible with our Personal Loan Scheme in the most practical way.

Meet life’s challenges in the most efficient way possible without depleting your resources. Our Personal Loan Scheme will help you meet the demands of life practically and efficiently.

The Essentials

• Loans to fund any personal requirement you may have
• Extremely competitive low interest rates
• Easy and convenient application process
• Quick loan approval

So many of your needs may seem beyond your reach, but a Personal Loan from Commercial Bank is the easiest way to have the lifestyle you have always wanted.

Key Features

• A Personal Loan facility for any consumer needs
• Maximum Loan amount up to BDT 2 Million
• Flexible repayment options from 12- 60 months
• Attractive rates of Interest
• Convenient partial or early settlement options
• Income of spouse, parents and siblings, if any, are considered

Benefits of a Commercial Bank Personal Loan

• Top-up facility – You can apply for a renewal of your Personal Loan, after repaying a part of the original Personal Loan obtained by you.
• You have a choice of fixed or floating interest rates.
• Your loan will be processed within a maximum of three working days, after submitting the loan application with all required documents.
• Enjoy fast, convenient and 24 x 7 unlimited access points to your account from anywhere in the world through Online Banking, Telephone & Mobile Banking or through the millions of ATMs belonging to Cirrus or Visa networks anytime and anywhere.
• You can talk to our loan officers for advice and guidance at any time before and during the repayment period of your loan.

You could obtain a Personal Loan for a variety of purposes,

• Purchase of vehicles
• Payment of credit card balances
• Higher education for you or an immediate family member – locally or abroad
• Fund weddings or other social functions
• Purchase of computer/computer equipment
• Purchase of household goods such as furniture, fittings, appliances, etc.
• Overseas travel, for business, leisure, or education
• Repairs or extensions to your home
• Surgical and medical expenses
• Payment of advance for house rentals
• Settlement of an existing loan obtained from another financial institution or any other purpose, if proven acceptable to the Bank.

Loan amount

The maximum loan amount you can obtain is flexible (but not more than BDT 2.0 Mn)

Eligibility

• You need to be a confirmed employee of an organization acceptable to the Bank with a minimum of one year in confirmed employment.
• Your regular income should be directed to an account at Commercial Bank (which could be opened for this purpose) from which the monthly payments could be deducted.
• You should be aged between 18 and 60 years.
• Minimum salary or your regular monthly income should be BDT 40,000/- (Basic salary + fixed allowances), to apply for a Fixed Interest Personal Loan.

How to apply

• You can visit a branch of your choice and discuss your requirements with an officer. He will guide you through the loan application process. You can also download the application form by clicking the link given below.
• Please fill the Loan application form and hand over to the branch with the required documentation. Remember to take your national identity card, driving license or passport if you are not an existing customer of the Bank. This is necessary for us to identify you.

Documents Required

Age

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

Professional Experience

• Salaried: Confirmed Employee having 1 year continuous service with current employer*
• Businessman: Minimum 3 years of Business experience in the same business (with adequate proof)*

Minimum Monthly Income

• Salaried Executives: BDT 40,000 / per month
• Self Employed Professionals/Businessman: BDT 50,000 / per month

Banking Relationship

• Customer must have a minimum 6 months satisfactory banking relationship with CBC or a minimum 1(one) year satisfactory banking relationship with any scheduled Bank in Bangladesh

For Salaried

• Last 6 month Bank statements *
• Last salary slip/Letter of introduction
• Proof of identity and residence
• Proof of employment of minimum 1 year
• Proof of submission of updated Income tax return

For Businessman

• Last one year's bank statement
• Proof of identity and residence
• Valid Trade License
• Business card/ visiting card of the applicant
• Proof of submission of updated Income tax return

Apply for a loan

Who can apply: You need to be a confirmed employee of an organization acceptable to the Bank with a minimum of one year in confirmed employment.

How to Apply: Download the application form and submit the filled form to any Commercial Bank branch. You can also visit a branch of your choice to apply for the loan

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