Report on Loan Product of Trust Bank Limited

Trust Bank Ltd. is a private, commercial, scheduled Bank, which obtained license from Bangladesh Bank on July 15, 1999. Presently Army Welfare Trust is the major shareholder. The authorized capital of the Bank is Taka two thousand million and paid-up capital of Taka five hundred million. Public shares are expected to be floated in the near future. The Bank was formally inaugurated and listed as a scheduled bank on November 1999. The idea of setting up a Bank by Bangladesh Army was first conceived in 1987 and on November 29, 1999 the first branch of the Trust Bank Ltd came into operation Composition of the Board of TBL consists of Ex-officio Directors of in-service senior Army personnel, with the Chief of Army Staff as its Chairman and the Adjutant General as its Vice-Chairman. Trust Bank Ltd. having a spread network of 23 branches across Bangladesh and plans to open few more branches to cover the important commercial areas in Dhaka and other areas in 2007. The Bank sponsored by the Army Welfare Trust (AWT), is first of its kind in the country with a wide range of modern corporate and consumer financial products. Trust Bank Ltd. has been operating in Bangladesh since 1999 and has achieved public confidence as a sound and stable Bank. In addition to ensuring quality, Customer services related to general banking the bank also deals in Foreign Exchange transactions. In the mean time, the bank has extended credit facilities to almost all the sector of the country’s economy. The bank has plans to invest extensively in the country’s industrial and agricultural sectors in the coming days. It has also plans to promote the agro-based industries of the country. The bank has already participated in syndicated loan agreement with other banks to promote textile sectors of the country. Such participation would continue in the future for greater interest of the overall economy. Keeping in mind the client’s financial and banking needs the bank is engaged in constantly improving its services to the clients and launching new and innovative products to provide better services towards fulfillment of growing demands of its customers.

Car loan: Trust bank also provide car loan facilities for their customers. And interested customers can easily get this types of loan by following rules.

Eligibility:

For New and Reconditioned Car
• Confirmed Service holders, Businessman, Professionals
• Supportive cash flow to repay the loan
• Maximum age limit of the borrower – 60 yrs; in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
For Microbus, Minibus & Truck
• Corporate bodies
• Individual(s) with supportive cash flow to repay the loan
• Maximum age limit of the borrower – 60 yrs; in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
For New Car
Loan Limit: Tk.2.00-20.00 Lac
Interest Rates (%) 15%
Down Payment/Equity 20%
Loan Period/ Tenor 1- 5 years
House Hold Durables Loan

Need are constantly changing phenomena in human life to improve the standard of living. Sometimes your saving is not good enough to meet your requirements. At, the Trust Bank, we take care of your financing needs and you can trust on us as your financial partner indeed.
Eligibility:
For Consumer Durable Scheme Loan

Employees of:
o Supportive cash flow to repay the loan
o Government/Semi Government/Autonomous bodies
o Non-Government organizations
o Multi-national companies
o Banks/Financial institutions

Loan Limit: 0.5 lack -5.00 lack
Interest Rates (%) 15%
Down Payment/Equity 30%
Loan Period/ Tenor 1 year to 4 years
Doctor’s Loan

Medical is a noble profession which is evolving fast. In a country like ours it is important to be a part of those changes as we cannot afford to be lag behind. Keeping that in mind and with a vision to support and promote health services, TBL is at your side with our Doctors’ Loan.
Eligibility:
General Practitioner, FCPS & MBBS Doctors/dentists or Specialist Doctors having a Post-graduate degree and specialization in a particular area of treatment such as Medicine Specialist, Eye Specialist, ENT Specialist, cardiac surgeon/specialist etc. having 5 years experience as specialist.

Maximum age limit of the borrower – 60 yrs; in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
Loan Limit: 1.0 lack -5.00 lack (GP)
10 lack (SP)
Interest Rates (%) 15%
Down Payment/Equity 20%
Loan Period/ Tenor 1 year to 5 years
Advance against Salary

Advance against salary: trust bank prouide advance against customer who work indifferent scctory Salary facility for theit by the following activities maintaining.

Eligibility:
For Advance against Salary
• Salaried person in Govt. organization/Semi Govt. Organization/Autonomous bodies /Multinational Com./Banks/Insurance Com. /Financial Institutions/Educational Institution
• Confirmed employee having 3 years service ahead
• Maximum age limit of the borrower – 60 yrs; in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
Loan Limit: 0.5 lack -5.00 lack
Interest Rates (%) 15%
Down Payment/Equity N/A
Loan Period/ Tenor 1 year to 3 years

Education Loan

Education loan: For the interested student h/ she want to go abroad for higher study of loan from trust bank by maintainig the fouowing activities trust bank is ready to prouide instant financial support.

Eligibility:
For Education Loan
• Employees of confirmed service holders, Businessman, Professionals
• Adequate cash flow to repay the loan
• Maximum age limit of the borrower – 60 yrs; in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
Loan Limit: 0.5 lack -3.00 lack
Interest Rates (%) 15%
Down Payment/Equity 10%
Loan Period/ Tenor 1 year to 3 years

Travel Loan

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Travlel loan: Forvisitor who are highly interested to traved different parts of the world and hatik country, Brac bank Provide sucls that rravcling loan Interested persons get this facility followin some rules.

Eligibility:
For Travel loan
• Employees of confirmed service holders, Businessman, Professionals
• Adequate cash flow to repay the loan
Loan Limit: 0.5 lack -3.00 lack
Interest Rates (%) 16%
Down Payment/Equity 20%
Loan Period/ Tenor 1 year to 2 years

Hospitalization Loan

Crisis comes at anytime and well being comes at a price. When the urgency comes for medical treatment of your family, there can never be compromised. At any urgency if you feel, please remember us to provide financial support through our “Hospitalization Loan” scheme.
Eligibility:
For Hospitalization Loan
• Employees of confirmed service holders, Businessman, Professionals
• Supportive cash flow to repay the loan
• Maximum age limit of the borrower – 60 yrs; in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
Loan Limit: 0.5 lack -3.00 lack
Interest Rates (%) 15%
Down Payment/Equity 10%
Loan Period/ Tenor 1 year to 2 years
Any purpose Loan

We have so many needs, some are attainable with our means & standing and some are unattainable. The unattainable needs can be met by TBL. “Any Purpose Loan’
Eligibility:
For Any Purpose Loan
• Confirmed employee of the Govt. Organizations/ Semi-Government Organizations / Autonomous Bodies / Multinational Companies / Banks /Insurance companies / Educational Institutions / Corporate Bodies
• Maximum age limit of the borrower – 60 yrs; in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
Loan Limit: 0.5 lack -5.00 lack
Interest Rates (%) 16%
Down Payment/Equity N/A
Loan Period/ Tenor 1 year to 4 years

Upon Nib ash Loan

Trust bank offers Upon Nib ash (House Finance) to the customer with easy repayment schedule matching your affordability. The customer has unlimited options of choosing your home with limited means and standing. Here, TBL upon Nib ash helps who want to match own self long cherished dream.
Eligibility:
For Upon Nib ash (Home Finance) Loan

Maximum age limit of the borrower – 60 yrs in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
Employees of:

• Confirmed employees of govt./Autonomous body
• Confirmed employees of financial institution
• Confirmed employees of different Public Limited Company/Private Limited company having Corporate Structure.

Professionals
• Doctors /Medical Professionals
• Engineers
• Accountants
• IT Professionals
• Management Consultant

Self Employed
• Businessman (in business at least for five years)
Loan Limit: Up to 75.00 lac
Interest Rates (%) 14% (Conditions apply)
Down Payment/Equity 40% for Construction
30% for New Apartment
Loan Period/ Tenor Up to 20 years

CNG Conversion Loan

CNG Convdision loan: Trust bank also prouide the suitble loan facility their imetor who like to set- up CNG station

Eligibility:
For CNG Conversion Loan
• Any other persons who have adequate cash flow to repay the loan installment
• Maximum age limit of the borrower – 60 yrs; in exceptional case, MD can relax the age limit up to any age depending on the merit of the case.
Loan Limit: 0.6 Lac for Individual,
1.00 Lac for Corporation
Interest Rates (%) 16%
Down Payment/Equity 10%
Loan Period/ Tenor 18 months

Marriage Loan
Trust bank “Marriage Loan” will help who want to arrange celebrate the marriage in style.
Eligibility:
For Marriage Loan
• Employees of confirmed service holders, Businessman, Professionals
• This Loan is applicable for first marriage
• Supportive cash flow to repay the loan
Loan Limit: 0.5 lack -3.00 lack
Interest Rates (%) 16%
Down Payment/Equity 20%
Loan Period/ Tenor 1 year to 3 years