Bike Loan in Bangladesh
The bike has become very popular transport because of speed, low maintenance cost, and several other reasons. Many have the dream of having a bike. But, it is not so easy for everyone. Now several banks and NBFIs are offering bike loans. In this present pandemic situation bike can your life-saving transport. Bangladesh is a country where a traffic jam is a common word for city life. As a result, most middle class even high class go for bikes or two-wheelers. With the growing hassle of commuting to the city and haphazard bus services, …
Cashless Economy : What will be the impact ?
Cashless Banking is a financial monument of a nowadays country that has yet to be attained by Bangladesh due to several socio-economic reasons, but hopefully, we are adopting gradually. Don’t want to carry all the paper monies for shopping? Or those ridiculous coins that ding dongs all the way? Let me introduce you to the thought of ‘Cashless Banking.’ Via this approach, you get to do all sorts of financial transactions by digital money/currency that could be based on any of the ideas like NEFT or RTGS, Credit or Debit card, E-wall…
Job Circular: Officer/EO/SEO/PO/ SPO for Al-Arafah Islami Bank Ltd.
Al-Arafah Islami Bank Ltd. is one of the pioneer Islami Banks of the country has recently published a recruitment circular to recruit professional bankers for it's Head Office. Al-Arafah Islami Bank Limited is a sharia compliant bank in Bangladesh founded on 27 September 1995. A sharia council of the bank is responsible for ensuring the bank activities meet sharia requirements. The headquarters are located in Motijheel, Dhaka. Last date of application: 11 March, 2020
Bangladesh Bank has capped lending rates on all loans except credit cards at 9 percent
Bangladesh Bank, the central bank of the country has directed all the commercial banks to reduce interest rates for all types of bank loans by 9 percent except those on credit card. Banks can charge maximum 2 percent additional interest or penalty for loans that will turn non-performing after the new rates take effect. But, loans in the case of pre-shipment export will remain 7 percent. However, no obligation was made to collect the deposit, even though the loan interest rate was fixed. A circular published on 24 February 2020 Bang…
What is debt burden ratio and how to calculate it ?
Debt Burden Ratio commonly known as DBR is a term which is massively used in banking industry. Bangladesh Bank has also instructed all the commercial banks to maintain specific DBR for consumer financing. But, not only the customers but also the bankers sometimes fall into trouble understanding this basic concept of lending. This post will help you to understand the basic principle of Debt Burden Ratio and to calculate your own DBR. So that you do not fall into the spiral of debt. What is Debt Burden Ratio ? Debt Burden Ratio is…
