Many of our readers inquired about – Probashi Kallyan Bank Loan. Lets discuss in details today on Loan services details of Probashi Kallyan Bank (PKB).
Probashi Kallyan Bank Loan
Probashi Kallyan Bank (PKB):
Probashi Kallyan Bank (PKB) is a specialized bank in Bangladesh that primarily serves the welfare of overseas Bangladeshi expatriates and their families. The bank was established in 2010 by the government of Bangladesh to provide financial support to the non-resident Bangladeshis (NRBs) and their families, as well as to contribute to the country’s economic development by attracting foreign remittances.
One of the primary services offered by Probashi Kallyan Bank is loan facilities for the NRBs and their families. PKB provides various loan products to its customers, including personal loans, education loans, home loans, and business loans, among others. These loan products are designed to cater to the specific needs of the NRBs and their families.
Loans Details:
Personal Loans:
PKB provides personal loans to its customers for various purposes, such as medical expenses, marriage expenses, or any other emergency needs. These loans are collateral-free and have a competitive interest rate. The loan amount and repayment tenure depend on the borrower’s income and creditworthiness.
The bank offers various financial products and services to meet the financial needs of its customers. One of the popular products of Probashi Kallyan Bank is personal loans.
Personal loans are designed to provide customers with quick access to funds that they can use for various purposes such as home renovation, wedding expenses, medical emergencies, education expenses, etc. Probashi Kallyan Bank offers personal loans to eligible customers who meet the bank’s eligibility criteria.
Features of Personal Loans of Probashi Kallyan Bank:
Loan Amount:
Probashi Kallyan Bank offers personal loans ranging from BDT 50,000 to BDT 5,00,000. The loan amount can be used for various purposes, and the bank does not impose any restrictions on how the funds are utilized.
Repayment Tenure:
The repayment tenure for personal loans of Probashi Kallyan Bank ranges from 12 to 60 months. Customers can choose a repayment tenure based on their financial situation and repayment capacity.
Interest Rate:
The interest rate for personal loans of Probashi Kallyan Bank is competitive and varies based on the loan amount, repayment tenure, and the creditworthiness of the borrower.
Processing Fee:
Probashi Kallyan Bank charges a processing fee of 1% of the loan amount. The fee is deducted from the loan amount at the time of disbursement.
Eligibility Criteria:
To be eligible for a personal loan of Probashi Kallyan Bank, the borrower must meet the following criteria:
- Must be a Bangladeshi citizen
- Must be aged between 18 and 65 years
- Must have a stable income source
- Must have a good credit history
Documentation:
The following documents are required to apply for a personal loan of Probashi Kallyan Bank:
- National ID card or passport
- Proof of income (salary certificate, income tax return, etc.)
- Bank statement of the last six months
- Two passport size photographs
Benefits of Personal Loans of Probashi Kallyan Bank:
- Quick Disbursement: The personal loans of Probashi Kallyan Bank are disbursed quickly, usually within a few days of submitting the loan application.
- Flexibility: Customers can use the loan amount for any purpose, and the bank does not impose any restrictions on how the funds are utilized.
- Competitive Interest Rates: Probashi Kallyan Bank offers competitive interest rates on personal loans, making it an affordable borrowing option for customers.
- Easy Repayment Options: The bank offers flexible repayment options, and customers can choose a repayment tenure based on their financial situation and repayment capacity.
Personal loans of Probashi Kallyan Bank are a great financial product for customers who need quick access to funds. The bank offers competitive interest rates, flexible repayment options, and quick disbursement, making it a popular borrowing option in Bangladesh. However, customers should carefully evaluate their financial situation and repayment capacity before applying for a personal loan.
Education Loans:
PKB offers education loans to the NRBs and their families to support their children’s education. The loan can be used to cover tuition fees, accommodation expenses, and other related expenses. The loan amount and repayment tenure depend on the borrower’s income and creditworthiness.
One of the most popular loan facilities offered by PKB is the Probashi Kallyan Bank Loan. This loan is designed to provide financial support to Probashi families for various purposes, such as education, health, business, housing, and travel.
Eligibility:
To be eligible for the Probashi Kallyan Bank Loan, the applicant must be a Bangladeshi citizen living abroad or a foreign citizen of Bangladeshi origin. The applicant must have a valid passport, work permit or residency permit of the country they reside in. Additionally, the applicant must have a legitimate reason for the loan and a source of income to repay it.
Loan Amount:
The loan amount offered by PKB can vary depending on the applicant’s need and financial capacity. Generally, the loan amount ranges from BDT 50,000 to BDT 20,00,000 (approximately USD 590 to USD 23,530).
Interest Rate:
The interest rate for the Probashi Kallyan Bank Loan is relatively low compared to other commercial banks in Bangladesh. The interest rate varies from 7.5% to 9.5% depending on the loan amount and the loan tenure.
Loan Tenure:
The loan tenure can range from 1 to 5 years, depending on the loan amount and the repayment capacity of the applicant.
Collateral:
PKB does not require any collateral or guarantor for loans up to BDT 5,00,000 (approximately USD 5,880). However, for loans above that amount, the bank may ask for collateral or a guarantor.
Application Procedure:
To apply for a Probashi Kallyan Bank Loan, the applicant needs to visit the nearest PKB branch or the bank’s website and fill out the loan application form. The applicant needs to submit the required documents, such as passport, work permit or residency permit, income statement, and bank statements. After the verification process, the bank will disburse the loan amount directly to the applicant’s bank account.
ঠhe Probashi Kallyan Bank Loan is an excellent opportunity for Probashi families to meet their financial needs while living abroad. With flexible repayment options, low-interest rates, and no collateral requirements, it is an attractive loan option for many Probashi families.
Home Loans:
PKB provides home loans to the NRBs and their families to purchase or construct a house. The loan can also be used for home renovation and extension. The loan amount and repayment tenure depend on the borrower’s income and creditworthiness. One of the essential services PKB offers is home loans to NRBs and expatriates who want to purchase or construct a house in Bangladesh. Here are some details about home loans of Probashi Kallyan Bank:
Eligibility:
To be eligible for a home loan from PKB, an applicant must be a Bangladeshi national residing abroad for at least one year and must have a valid work permit. Expatriate workers who are in countries where PKB has representative offices can also apply for a home loan.
Purpose:
PKB home loans can be used for the purchase or construction of a new house, flat, or apartment in Bangladesh.
Loan amount:
PKB home loans can be taken for amounts ranging from BDT 500,000 to BDT 10,000,000, subject to the applicant’s repayment capacity and the property’s value.
Repayment tenure:
The maximum repayment tenure for PKB home loans is 15 years. However, the repayment period cannot extend beyond the applicant’s age of retirement or attaining 65 years of age, whichever is earlier.
Interest rates:
PKB home loans are offered at a competitive interest rate. The interest rate may vary depending on the loan amount, repayment period, and other factors.
Collateral:
To obtain a home loan from PKB, applicants must provide collateral in the form of a mortgage on the property being purchased or constructed.
Processing fee:
PKB charges a processing fee for home loans, which is a percentage of the loan amount.
Documentation:
To apply for a PKB home loan, applicants must provide various documents, including proof of income, proof of residence abroad, and property-related documents.
PKB’s home loans provide NRBs and expatriate workers with an opportunity to own a house in Bangladesh. With competitive interest rates, flexible repayment tenure, and reasonable loan amounts, PKB home loans can be an excellent option for those looking to invest in property in their home country.
Business Loans:
PKB offers business loans to the NRBs who want to invest in their homeland by starting a business or expanding their existing business. The loan can be used for various purposes, such as purchasing equipment, raw materials, or to cover operating expenses. The loan amount and repayment tenure depend on the borrower’s income and creditworthiness.
Business loans of Probashi Kallyan Bank are designed to provide financial assistance to Bangladeshi expatriates who wish to invest in small and medium-sized businesses in Bangladesh. These loans are available for a wide range of business purposes, including starting a new business, expanding an existing business, purchasing new equipment or machinery, and meeting working capital needs.
The bank offers several types of business loans to meet the diverse needs of its customers. Some of the popular business loan products offered by Probashi Kallyan Bank are:
General Business Loan:
This loan is available to any Bangladeshi expatriate who wishes to start a new business or expand an existing business. The loan amount can range from BDT 1 lakh to BDT 50 lakh, and the repayment period can be up to 5 years.
Women Entrepreneur Business Loan:
This loan is designed specifically for women entrepreneurs who wish to start a new business or expand an existing business. The loan amount can range from BDT 1 lakh to BDT 50 lakh, and the repayment period can be up to 5 years.
Agriculture Loan:
This loan is available to Bangladeshi expatriates who wish to invest in agriculture-related businesses. The loan amount can range from BDT 1 lakh to BDT 50 lakh, and the repayment period can be up to 5 years.
Working Capital Loan:
This loan is available to businesses that require additional working capital to meet their daily operational expenses. The loan amount can range from BDT 1 lakh to BDT 50 lakh, and the repayment period can be up to 2 years.
To be eligible for a business loan from Probashi Kallyan Bank, the applicant must be a Bangladeshi expatriate who is currently living and working abroad. The applicant must also have a valid work permit and a good credit history. Additionally, the applicant must have a feasible business plan that outlines the details of the proposed business.
Probashi Kallyan Bank offers a range of business loans to Bangladeshi expatriates who wish to invest in small and medium-sized businesses in Bangladesh. These loans are designed to provide financial assistance to expatriates who want to contribute to the development of their country’s economy. If you are a Bangladeshi expatriate looking to invest in a business in Bangladesh, you may consider exploring the business loan options offered by Probashi Kallyan Bank.
To be eligible for a PKB loan, the borrower must be an NRB or a family member of an NRB. The borrower must also meet the bank’s eligibility criteria regarding age, income, creditworthiness, and other requirements.
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