The question of which bank lends without collateral is on the lips of most of the unemployed people in our country. Those who are thinking of becoming a new entrepreneur may think that the issue of unsecured bank loan has been circulating many times.
The business requires a loan to invest in a new corner of the business, and a lot of money is needed to invest. And the problem of unemployment in our country is a condition that we eat every day. There is no such thing as living, there is nothing to eat, the current situation of our country is progressing but now most of the people of the country are suffering from the problem of unemployment. Unemployed people are running from here to there to do something new. But the root of all problems is money. The world can't function without money. You may not be able to complete the work you are going to do without the presence of money. And due to lack of money we can't reach our goal.
Although currently all banking services are provided by the lender, it depends heavily on the conditional collateral. If many of us do not have land, then it would be wrong to bring up the issue of taking loan with our security. But which bank gives loan without collateral?
Bangladesh is now far ahead on the path of prosperity. Various NGOs and associations have been formed for the betterment and progress of the people of the country and in continuation of this a bank of the country is working for the development of the unemployed people of the country, where you can get loan facility without collateral.
the bank gives loans without collateral
At present, the Employment Bank provides unsecured loans in Bangladesh. The Bank was launched in 1996 with the aim of eliminating the problem of unemployment in Bangladesh and creating new jobs and improving the living standards of the unemployed.
Employment Bank has been inspiring unemployed people to do something new since its inception. Employment Bank has been providing various benefits including financial benefits to any of them. Since its inception, the bank has been providing unsecured loan facility in various sectors.
Every Bangladeshi Shiti citizen living in the alleys of the city, starting from the remote areas in Gramegonj, can take a loan from the Employment Bank without collateral to eliminate their unemployment.
If you want to take a loan from Employment Bank, the authorities will provide you unsecured loan facility subject to certain conditions and requirements.
Terms of unsecured bank loan
1. The borrower must be a citizen of Bangladesh
2. Must pass at least fifth class
3. Must be a permanent resident of the branch headquarters. If not a permanent resident, a permanent member of the branch jurisdiction
The resident must be the guarantor of the loan
4. Must be unemployed / semi-unemployed
5. Age should be 18 to 45 years. However, in the case of older borrowers, the age limit is relaxed
6. The borrower must be able to carry equity (if required).
7. Must have appropriate training / experience in project management
4. Must have a reputation for debt consolidation and financial conduct, including creditworthiness.
9. To get loan in case of default of bank, financial institution, NGO or non-government organization elsewhere.
Don't be worthy
10. There should be sodram following other rules of loan policy.
If you have the above criteria or requirements, then you can avail the facility of taking loan from Employment Bank without any collateral.
Ways to get a bank loan without collateral
You will need to submit a loan application to the Employment Bank branch under the project area for which you intend to take the loan for the purpose or for which you want to invest. The documents attached to the application form include a certificate of education, a photocopy of the national identity card, and a loan guarantor residing in the area of the borrower. The guarantor here means that if you cannot repay the loan, then the guarantor will have to repay the loan.
How much money can be borrowed and the term of the loan
In all the projects covered by Karmasangsthan Bank's Bangabandhu Youth Loan, you will get loan facility from a minimum of five thousand to a maximum of five lakh rupees without collateral for a period of 5 years. But at the beginning you will start with one lakh rupees lane. If you can repay the free loan by making a profit from your project, then you will gradually get this loan up to a maximum of Rs 5 lakh.
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