You dreaming of a wedding of a lifetime, going on a dream trip or dealing with surprise bills? An City Bank Personal Loan is a convenient and easy way to save yourself from all the mental stress. • With loans from BDT 2 lacs to 20 lacs and tenures between 12‐60 months, City Bank brings a flexible, transparent and reliable new age lending solution for Bangladeshis.
What Makes City Bank Personal Loan Different?
The bank is one of the leading providers of banking services in Bangladesh which is renown for its customer-focused strategy. Its personal loan is aimed to provide salaried executives, professionals, business owners and landlords with personalized financial assistance. Here’s why it’s a top choice:
- Loan Size: You can take a loan of anywhere between BDT 2 lacs to 20 lacs as per your requirement.
- Flexible Term of Tenure: Pay in 12 to 60 months in accordance with your affordability.
- Zero Extra Fees Enjoy 100% transparency, no hidden fees and clear terms.
- Competitive Interest Rates: Our rates help you avoid financial stress.
- Dual Benefit Insurance: Life or Permanent Disability Insurance for peace of mind.
All this, plus the City Bank Personal Loan is available at a convenient rate for consumers who ask for it.
Eligibility: Who Can Apply?
City Bank provides a comprehensive, tailor-made solution; open to all professions. Here’s what you need to do to be eligible
- Age: 22 to 60 years.
- Experience:
- Salaried Executives: Minimum 2 years of employment.
- Professionals (e.g., doctors, engineers): 2 years of practice.
- Business Owners: 3 years in business.
- Monthly Income:
- Salaried Executives: BDT 40,000 (A/C Payee).
- Landlords: BDT 50,000.
- Professionals: BDT 60,000.
- Business Owners: BDT 100,000
Note: Terms and conditions apply, and the products are approved at the sole discretion of City Bank. This policy ensures that City Bank Personal Loan is available to as many as possible.
Documentation required for a smooth Application process
Documents Required for City Bank Personal Loan Application – Salaried Professionals / Self-employed Individuals To avail the City Bank Personal Loan, collect the below listed documents depending on the nature of your Profession. Good documentation will help with approval:
Common required (All applicants)
- Photocopy of NID/Smart card [ both applicant and guarantor (if applicable)].
- 3 passport photo (applicant), 2(guarantor).
- Visit/business card (both applicant and guarantor) or office ID.
- Latest E-TIN certificate.
- Recent utility bill.
- Sanction letter/repayment statement of existing loans (if any).
Salaried Executives
- Letter of Introduction (LOI), salary certificate or pay slip.
- Bank statement of last 6 months.
Self-Employed Professionals
- Bank statement of last 6 months.
- Most recent professional qualification/membership certificate.
- Statement of Income in letterhead of professional.
Business Owners
- Last 1 year’s bank statement.
- Updated trade license.
- Partnership deed or MOA/ Certificate of Incorporation (as the case may be).
- Company TIN, BIN, VAT certificate and visiting card (if any).
Landlords
- Bank statement for the last 6 months reflecting rental income.
- Property ownership document.
- Rental deed.
- The number of mutations (if any).
Note: Requirements may vary. Contact the City Bank for more information. By getting these papers ready, you’ll be well-positioned to apply for your City Bank Personal Loan smoothly.
How to Apply: A Guide for You Step-by-Step
How to apply for a City Bank Personal Loan The application process for a City Bank Personal Loan is fast and easy, consistent with SXO standards for an excellent customer experience. Follow these steps:
- Check If You’re Eligible: Check if you qualify based on age, income, and experience.
- Documents: Compile all your professional documents.
- Apply: In person at a City Bank branch or online from their website.
- Document Verification: The bank will verify your application and documents.
- Disbursal: Loans disbursed to an account when approved.
Just to make sure everything is in order and you can be confident that your transactions will run smoothly, double-check all the documents and ask a bank officer if necessary.
Why Choose City Bank? Key Benefits
There are a range of benefits when choosing a City Bank Personal Loan:
- Flexibility: Funds can be used for anything — travel, education, emergencies.
- Rapid Processing: The verification and approval happen fast.
- Security: Get the security for your family’s future with Double Benefit Insurance.
- Transparency: No funny business fees earn trust.
- Flexible Repayment: Select a tenure that suits your finances.
The advantages are a testament to City Bank’s dedication to delivering excellent customer experience and promoting financial inclusion.
Pro Tips to Increase Loan Approval Chances
Increase your odds of get a City Bank Personal Loan with these can-do steps:
- Check Your Credit Score A good credit history signifies that you are reliable.
- Get Your Documents in Order: Make sure your files are in order and nothing is missing or incorrect.
- Fulfill Income Requirement: Ensure your income satisfies the bank’s criteria.
- Debt: Pay down outstanding loans to help reduce your debt to income ratio.
- Get Professional Assistance: Speak with City Card personnel for recommendations on how to use your account.
City Bank’s Legacy of Trust
As a guiding principle for decades, City Bank has nurtured the growth of Bangladesh’s financial sector in many ways. Its personal loan symbolizes expertise with novel features, authoritativeness with being a prominent bank, and trustworthiness through transparency of processes.
Conclusion: Your Journey Starts with City Bank
Get Personal Loan from City Bank and ease up your finances. It comes with flexible terms, competitive rates, and a customer-first approach to help make your dreams a reality. Ready to apply? Click here to learn more and apply now on City Bank’s website or in a branch. For additional finance tips and tricks, visit our blog.
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Disclaimer: Full terms and conditions apply. All loan transactions are subject to City Bank’s credit policies.
