Personal Overdraft Secured - AB Bank PLC.

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Personal Overdraft Secured

Purpose

To meet personal exigency.

Loan Ceiling

90% of face value/current value of the instrument issued by AB Bank/other Banks.

Fees

Processing fee 0.5% subject to Min Tk. 2,000.00 and Max Tk. 5,000.00

Tenor

Up to 36 months.

Rate of Interest

For AB Bank instrument : Instrument rate + 2%-3% spread
For other bank instrument: 9 % only

Security

Lien over security.

Guarantee

No guarantee.

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