Hi Friends! Are you finding Marriage Loan Interest Rate in BD? Yes, you are in the right place. Today I will tell you Bangladeshi all bank’s marriage loan interest rate or Marriage Loan compare.
Getting married is one of the most unforgettable and important milestones in life, yet it also brings along financial obligations. From wedding ceremonies to receptions, and gifts to travel – the costs can accumulate rapidly. For numerous couples in Bangladesh, securing a marriage loan has emerged as a favored way to handle these expenses.
However, prior to applying, it’s crucial to grasp the marriage loan interest rate in BD and how various banks and financial institutions organize their offerings. In this article, we will delve into the current interest rates, available loan options, eligibility requirements, and the top banks offering marriage loans in Bangladesh, assisting you in making a financially wise choice for your special day.
Thinking of marriage But the lack of money does not dare. Or with the money, you can not organize well. But such a time comes once in a lifetime. Then this report can bring good news to you. Several banks in Bangladesh have launched marriage loans.
Marriage Loan Interest Rate in BD
Here are your top Bangladeshi bank marriage loans or weeding loan interest rates. Most of the banks give marriage loans under personal loans.
You can get a loan from all the banks if you want. You must meet certain conditions, however. Today’s report contains all that information.
| Bank Name | Max Loan | Max Duration | Interest |
|---|---|---|---|
| Trust Bank | 10 Lakhs | 5 years | 13% |
| IFIC Bank | 3 Lakhs | 3 years | 16% |
| Bank Asia | 10 Lakhs | 5 years | 13% |
| Prime Bank | 20 lakhs | 5 years | 12-15% |
| City Bank | 20 lakhs | 5 years | |
| Standard Chartered | 10 lakhs | 5 years | |
| HSBC Bank | 10 lakhs | 5 years | 19% |
| Dutch Bangla | 10 lakhs | 5 years | 17.5% |
| Eastern Bank | 10 lakhs | 5 years | 15% |
Marriage Loan Details
Now I will tell you Marriage Loan Interest Rate Details. In this case, the bank’s decision will be final. To meet the need for marriage, a number of private banks have launched ‘marriage loans’.
These are – Prime Bank, Bank Asia, IFIC Bank, Trust Bank, ECSBC Bank, Dutch-Bangla Bank, Eastern Bank, City Bank, and Standard Chartered Bank.
Trust Bank
Trust Bank Limited is one of the leading private commercial banks having a spread network. The bank, sponsored by the Army Welfare Trust (AWT), is first of its kind in the country.
- Loan Limit: 50 Thousand to 20 Lac.
- Interest Rate: 13%
- Tenor: 1 year – 5 Years
- Minimum Down Payment: 50%
- Segments: Salaried Executives, Businessperson, & Self-employed professionals (Landlord/ Landlady, Architect, Engineer, Consultant, etc.)
- Age: Min. 25 years to Max. 65 years or up to retirement age.
IFIC Bank
To meet your marriage ceremony financial requirement of your IFIC Bank is here with a Personal loan. Whatever your requirement Personal Loan is the solution.
- Loan Limit: 50 Thousand to 10 Lac.
- Interest Rate: 16%
- Tenor: 1 year – 5 Years
- Minimum Down Payment: 50%
- Segments: Salaried Executives, Businessperson, & Self-employed professionals (Landlord/ Landlady, Architect, Engineer, Consultant, etc.)
- Age: Min. 25 years to Max. 65 years or up to retirement age.
Bank Asia
Bank Asia has been launched by a group of successful entrepreneurs with recognized standing in the society.
The management of the Bank consists of a team led by senior bankers with decades of experience in national and international markets.
- Loan Limit: 10 Lac.
- Interest Rate: 13%
- Tenor: 1 year – 5 Years
- Minimum Down Payment: 50%
- Segments: Salaried Executives, Businessperson, & Self-employed professionals (Landlord/ Landlady, Architect, Engineer, Consultant, etc.)
- Age: Min. 25 years to Max. 65 years or up to retirement age.
Prime Bank
Prime Bank offers all kinds of Commercial Corporate and Personal Banking services covering all segments of society within the framework of Banking Company.
Diversification of products and services include Corporate Banking, Retail Banking, and Consumer Banking right from industry to agriculture and real state to software.
- Loan Limit: 20 Lac.
- Interest Rate: 12-15%
- Tenor: 1 year – 5 Years
- Minimum Down Payment: 50%
- Segments: Salaried Executives, Businessperson, & Self-employed professionals (Landlord/ Landlady, Architect, Engineer, Consultant, etc.)
- Age: Min. 22 years to Max. 65 years.
City Bank Limited
The City Bank is a Bangladeshi private commercial bank, operating throughout Bangladesh. It is one of the few banks in Bangladesh with centralized infrastructure.
- Loan Limit: 1 Lac to 20 Lac.
- Interest Rate: 12-15%
- Tenor: 1 year – 5 Years
- Minimum Down Payment: 50%
- Segments: Salaried Executives, Businessperson, & Self-employed professionals.
- Age: Min. 22 years to Max. 60 years.
- Salaried Executive: Monthly 20,000 Tk.
Conclusion
Marriage loans can be a sensible option for couples or families looking to plan a wedding without putting too much strain on their savings. However, it’s essential to understand the marriage loan interest rate in BD before making any financial commitments. Interest rates can differ depending on the bank, the loan amount, the repayment period, and the applicant’s credit history. By comparing various banks and selecting the one with the best terms, you can alleviate financial stress and concentrate on enjoying this special occasion in your life.
Always take the time to read the loan terms thoroughly, evaluate your ability to repay, and choose a plan that aligns with your financial circumstances. Making a wise loan choice today can pave the way for a worry-free beginning to your new adventure.
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