MDB Secured Overdraft

DESCRIPTION

MDB Secured Overdraft offers a flexible, fast and hassle-free solution to your quick cash requirements.

Title Details
Features  
  • Revolving credit facility
  • Credit facility amount ranges from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities
  • 100% cash secured loan
  • Competitive interest rate
  • Interest charged only for the amount you have drawn
  • Option of renewal / increase limit/ decrease limit at your request
  • No hidden charges
  • Quick loan processing
Eligibility  
  • Any individual (aged between 21 to 70 years) having an Fixed Deposit or other securities like Wage Earner's Bond, Monthly Savings Scheme etc. are eligible to apply.

Tenure :
  • Revolving credit facility
Purpose :
  • Finance against Fixed Deposits/ Other Cash Securities
Benefit :
  • Option of renewal / increase limit/ decrease limit at your request
Taxes, Duty, Surcharges :
  • As per NBR circular
Highest Amount :
  • Bank will finance from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities

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