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Household Durables Investment Scheme |
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Purpose |
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Facilitate investment to purchase household durables to the different low & medium income honest businessman/professionals. |
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Socio-economic improvement of the country through improvement of life style of the low & medium income people |
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Target groups |
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The permanent employees working in the following organizations aged between 20 to 55 years and willing to avail investment under the scheme: |
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Government Organizations. |
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Semi-Government & Autonomous Organizations. |
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Different Corporations. |
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Multi-national Companies. |
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Different local renowned Non-governmental Organizations. |
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Different Banks and Financial Institutions (Including Shahjalal Islami Bank Ltd.). |
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Different Insurance Companies. |
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Different renowned University, College, School & Madrasha besides Government University, College, School & Madrasha. |
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The persons serving in Military and Paramilitary. |
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Acceptable persons to the Bank's Management. |
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Genuine businessman having valid Trade license, VAT certificate, TIN certificate and Monthly Income evidenced by relevant documents may be included as client. |
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Note |
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In case of service holder minimum service length requirement is 3 years which may be relaxed for the client having banking service; |
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In case of businessmen minimum business experience requirement is 5 years that may be relaxed on special consideration. |
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Household Items |
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Air-Conditioner/Air-Cooler |
Electrical/Electronic goods |
IPS/UPS/Stabilizer/FAX/Cell-Phone |
Crockery Items |
Computer |
Washing Machine |
Knitting Machine (Home useable) |
Furniture and Fixtures |
Non-Commercial Generator |
Photo Copier |
Oven |
Refrigerator |
Deep Fridge |
Two-in-one |
Three-in-one |
CD/VCD/DVD Player |
Water Purifier |
Room Heater |
Water Cooler |
Water Pump |
Typewriter |
Camera |
Different Kitchen Kits |
Ornaments for marriage |
Any other different household items. |
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Ceiling of Investment |
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Maximum ceiling of the investment will be Tk 5.00 lac per client. |
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Size of the investment will be fixed as such the monthly installment against the investment would not exceed 25% of client’s monthly salary/income. |
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Basic features of the Scheme |
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Mode of Investment : Hire Purchase under Shirkatul Meelk / Hire Purchase. |
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Period of Investment : Maximum 05 (five) years. |
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Client's Equity : Minimum 25%. |
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Profit & Charges : |
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Rate of Profit |
@16.00% p.a. |
Service Charge |
@1.00% p.a. on approved limit to be realized upfront. |
Risk Fund |
@1.00% to be realized at the time of disbursement. |
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Repayment Procedure: Monthly Installment basis. |
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Securities: |
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- The ownership of the item(s) shall be in the name of the Bank.
- One post dated master cheque, covering the facility amount (with profit).
- Post-dated cheques against each monthly installment.
- Personal guarantee from two persons having good financial means & standing and acceptable to the Bank.
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