Product Detail



THE SAVINGS PRODUCTS

 1.Savings Account

 Features, conditions and facilities:

  • Any Christian person of any age, irrespective of denominations, can open a Savings Account from the CCCUL head office or in any of its Service Centers.
  • Opening such account needs two copies of stamp size color photos, baptism certificate/birth certificate/national ID card’s photocopy.
  • S/he needs to deposit 50 taka per month. Five percent interest will be provided to this savings based on daily basis calculation.
  • Depositor can transact any amount round the year.
  • Depositor can be entitled to be a full membership based on regularity in dealing the Savings Account.
  • Once depositor becomes full member of the CCCUL, S/he can be eligible to take various kinds of loans. Then depositor can use exploit the savings balance for loan’s guarantee against loan for self and family members.

    2. Credit Account

    Features, conditions & facilities:

  •  Any Christian person of 18 years of age, irrespective of denominations, is eligible to apply. 
  • For the Credit Account [membership], the applicant needs to attend the pre-membership session held every month in the CCCUL headquarters and Service Centers.
  • Different fees (for admission, monthly publication Samabarta, ID card and other relevant particulars) are charged at the time of opening this membership.
  • Three stamp size color photos, baptism certificate/character certificate from his/her parish priest/pastor, birth registration certificate, and photocopy of the national ID card. Original NID MUST be produce at the time of submission during office hours.
  • The dividend will be given annually based on the decision taken by the Annual General Meeting [AGM].
  • Using this account and following all the policies and loan guarantee [surety] guidelines, this account holder/member can apply for general loan. Once the member takes loan, s/he must pay back the loan in 36 installments with 12 percent interest as of continuous diminishing manner on the loan balance.
  • A member, according to the policy of the CCCUL, can be guarantee [surety] for self, family members [who have membership] and other members in the CCCUL.

 3) Housing Deposit Scheme [HDS Account]

 Features of the product:

  • This special account is introduced to purchase housing/flat in apartment under the CCCUL’s own land. CCCUL members can purchase them in low price comparing to the present market value.
  • An individual being full member of the CCCUL can open this account and s/he has to deposit 50 taka per month.
  • Annually 6.5% interest is provided on the deposited share.
  • The deposited money in the HDS account will be multiplied [as per the CCCUL policy] when providing loan to a member.
  • Based on HDS share, s/he can be guarantor for self and family members [who is full member of the CCCUL].

 4) Dhaka Credit Bee Savers

 Features & facilities:

  • Children age ranging 1 day to 12 years are termed as ‘Bee Savers’.
  • Bee Savers are auto-awarded as Smart Savers at 13 years of age.
  • Minimum monthly deposit is Tk.50.
  • Deposit can be multiply times and multiply amount accordingly as the Bee Sabers’ wish.     
  • These account holders are encouraged to be present physically while making transactions.
  • Their facilities for them are:

A. Candy & chocolates on every transaction;

B. SMS greetings on their birthday;

C. Celebrating Bee Savers Day, a yearly celebration in their presence to encourage with

     inspirational gifts for their good results in schools;

D. Tk. 500 is awarded for opening Bee Savers AC within 60 days of birth;

E. No yearly charge, rather 5% yearly interest;

F. After one year of opening, amount can be withdrawn up to 50% for education purpose.

 5. Dhaka Credit Smart Savers

 Features and facilities:

  • Bee Savers are auto-transferred to Smart Savers at the age of 13.
  • 13 to 18 years children also can open Smart Savers account.
  • Smart Savers are rewarded to full membership at the age of 18.
  • Monthly minimum deposit is Tk. 100.  
  • Deposit can be multiple times and multiple amount accordingly to Smart Savers wish.
  • Smart Card is available for Smart Savers for Internet browsing and IELTS listening in Smart Zone.
  • Greetings on Birthday and inspirational gifts for their brilliant results in schools.
  • Candies/chocolates on every transaction.
  • No yearly charge.
  • Yearly interest rate is 5%.
  • 25% discount on enrollment in Spoken English, Gym and IELTS course.
  • After one year of opening, amount can be withdrawn up to 50% for education purpose.
  • 25% discount on enrollment in Spoken English and GYM.         

 6. Dhaka Credit Marriage Deposit Scheme

    Features of this product:

  • Any Savings Account holder with the CCCUL is entitled to open an account or more
  • Duration is for 5-years to 25 years.
  • Deposit amount monthly 500, 1000, 1500 and 2000 respectively.
  • The CCCUL will provide 9% interest at closing of the accounts.

 7. Dhaka Credit Millionaire Deposit Scheme

 The CCCUL encourages being a Millionaire by depositing certain amount of money.

  • Any Savings holder can open this account [more than one].
  • Members of all levels in the CCCUL can open this scheme.
  • Scheme holder can withdraw 80% cash of the total deposit after completion of 3 years.
  • The following chart mentioning duration, monthly deposit and maturity amount:

Duration

Monthly Deposit

Maturity Amount

36 months or 3 years

24,300.00

10,00,000.00

60 months or 5 years

13,275.00

10,00,000.00

96 months or 8 years

7,175.00

10,00,000.00

120 months or 10 years

5,175.00

10,00,000.00

144 months or 12 years

3,890.00

10,00,000.00

180 months or 15 years

2,650.00

10,00,000.00

8. Dhaka Credit Monthly Savings [DCMS]

Objectives and features of this product

·         S/he will be financially solvent.

·         S/he will live a high standard livelihood

·         S/he in an emergency case can avail speedy loan facility.

·         Any savings account holder can open one or more account under this product

·         Duration period is 5 and 10 years

·         Monthly deposit amount is 200, 300, 500, 1000, 1500, 2000, 3000, 4000 taka upto 25,000

·         Rate of interest: for 5 years 8.5 % and for 10 years 9 %.

·        When the account holder’s account completes 2 years, s/he can take 90% loan of the total deposit. 90 % of the total deposit can also be given as surety for self or any member of the family.

 Money that will be given after the account duration is completed

SL NO.

Monthly Deposit Amount

Total payable amount in maturity

5 years

Bonus

Total payment

10 years

Bonus

Total payment

1

200.00

14,869.00

200.00

15,069.00

38,220.00

200.00

38,420.00

2

300.00

22,307.00

300.00

22,607.00

57,337.00

300.00

57,637.00

3

500.00

37,177.00

500.00

37,677.00

95,566.00

500.00

96,066.00

4

1,000.00

74,357.00

1,000.00

75,357.00

1,91,140.00

1,000.00

1,92,140.00

5

2,000.00

1,48,720.00

2,000.00

1,50,720.00

3,82,286.00

2,000.00

3,84,286.00

 9. Dhaka Credit Three Months Saving

        Features of this product:

·         You will have full security of your money

·         You will have financial support.

·         You will have assurance to live a standard livelihood.

·         You can avail instant loan facilities on the deposited amount

·         Having savings account you can open one or more accounts under this product.

·         Duration of this account is 3-year, 4-year and 8-year.

·        Depositing amount for this product is minimum 100,000.00 taka to maximum any amount          as you like.

·         Interest rate for all durations is 8% yearly.

·        Interest withdrawal is possible every three months; also interest can be transferred to your savings account.

·       You can take 90% loan of the total deposit and 90% of the deposit can be applicable for surety for self or any member of the family. 

Principal Amount

One Lac

Two Lac

Three Lac

Four Lac

Five Lac

Ten Lac

After three months payable interest

Tk.2,000

Tk. 4,000

Tk. 6,000

Tk. 8,000

Tk. 10,000

Tk. 20,000

 10. Dhaka Credit Education Savings

       Features of this product are:

·         Easy to bear child education costs.

·         It plays a vital role to make scope for higher education

·         It helps to have instant loan facilities for any emergency situations.

·         One can open this account for once at the age of 1 month -18 years.

·         Duration for the product is 5, 10, 15 and 20 years.

·         Monthly deposit amount is Tk. 200, 300, 500, 1000, 2000 and 3000.

·         For all durations interest rate is 9% yearly.

·         When account will be of 1-year old, the account holder can withdraw 80% of the total deposit to meet his educational expenses.

·         After completing HSC or after the savings account is 5-year old, the account holder can withdraw double amount as loan.

·         He has to return the money with 9% interest.

·        When the account holder’s account will be 1 years old, s/he can take 90% loan of the total deposit, 90% of the deposit can also be given as surety for self or anyone of the family.

 11. Dhaka Credit Aged Savings:

·         Self -reliant & secure retired life.

·         Standard social life.

·         Certainty of cash money in retired life.

·         A savings account holder can open more than one account under this product.

·         Durations of the account are 10, 15, 20, 25 & 30 years.

·         Monthly deposit amounts are 200, 300, 500, 700, 1000, 1500, 2000 taka. Interest rate is 9% for all durations.

·         When the account holder’s account completes 2 years, s/he can take 90% loan of the total deposit. 90 % of the total deposit can also be given as surety for self or any member of the family.

 Total payable amount in maturity [showing in the following chart]

Monthly deposit

    10 years

     15 years

     20 years

     25 years

    30 years

2,000

3,82,286

7,38,774

12,87,275

21,31,212

34,29,713

1,500

2,86,711

5,54,074

9,65,444

15,98,390

25,72,255

1,000

1,91,140

3,69,381

6,43,625

10,65,586

17,14,825

700

1,33,794

2,58,560

4,50,528

7,45,893

12,00,349

500

95,566

1,84,693

3,21,801

5,32,774

8,57,382

300

57,337

1,10,805

1,93,072

3,19,650

5,14,406

200

38,220

73,862

1,28,702

2,13,077

3,42,900

12. Dhaka Credit Festival Savings:

    Objectives & features of this product are:

·         It will ensure real joys of festival.

·         It will ensure the extra flow of money during the festival time.

·         The product will safeguard from any festival barriers of financial constraints.

·         Any savings account holder can open one account under this product.

·      At least 300 taka can be deposited monthly once or more than once. But one cannot deposit more than 5,000 taka in a day.

·         Interest rate yearly 8%.

·         Savings amount can be withdrawn 15 days before Easter Sunday and Christmas.

·       The account holder can provide total deposit as surety for self or any member of the family.

 13. Dhaka Credit Double Deposit Savings

       Objectives & features of this product are:

·         Investment with highest benefit.

·         Quick loan facilities.

·         Savings holder can open more than one account.

·       Savings holder can deposit minimum 10,000.00 taka and maximum any amount as per ability.

·         Interest rate is yearly 12.50%.

·     The account holder can take 90% loan of the total deposited amount and 90% of the deposit can also be given as surety for self or anyone of the family members. 

 14. Dhaka Credit Long Term Saving Deposit

Objectives & features of this product are:

·         Savings account holder can open more than one account under this product.

·         Minimum 10,000.00 taka and maximum any amount can be deposited.

·        Against general loan, the account holder can provide 100% surety for self or anyone of the family members. In addition, account holder instantly can take 90% loan against the deposited amount on 2.5% extra interest than that of the receiving interest of all durations’ accounts under this product.

·        Long term savings account’s interest rate is given below:

  Long term savings account’s interest rate is given below

SL No.

                Duration

       Interest rate (present)

01

6 months

7.00%

02

12 months or 1 year

7.50%

03

24 months or 2 years

8.00%

04

36 months or 3 years

8.50%

05

60 months or 5 years

9.00%

 Loan Products

1.General Loan: For any productive use the members of the CCCUL can take loan from this union.  Any member can take loan to serve various purposes. The interest rate is 12% [yearly]. First loan amount of loan is 50,000 taka and highest ceiling of the loan amount is 20 lakhs taka [1 lakh is equel to 100 thousand] and can be repaid in 36 / 60/ 72/ 96/ 120 equal installments.

According to the loan ceiling, the following amounts are allowed to take loan by the regular members of the union:

1.      First loan : 10 times of the share of latest 4 months : highest 50,000

2.      Second loan : 10 times of the share of latest 3 months : highest 100,000

3.      Third loan : 10 times of the share of latest 3 months : highest 200,000

4.      Fourth loan : 10 times of the share of latest 2  months : highest 400,000

5.      Fifth loan : 10 times of the share of latest 2  months : highest 600,000

6.      Sixth loan : 10 times of the share of latest 2 months : highest 900,000

7.      Seventh loan : 10 times of the share of latest 2 months : Highest 1,200,000

8.      Eighth  loan : 10 times of the share of latest 2 months : highest 1,500,000

9.      Ninth loan: 10 times of the share of latest 2  months : highest 3,000,000

2. Own Share Loan

Features/conditions

·        The members of the CCCUL can take 90% loan against own share

·        This loan is processed within a short time [ as soon as possible].

·      If surety is already been given to any member, it has to be fully paid before making own share loan.

·        This loan should pay within 36 installments with 12% interest [yearly].

3. Higher Education Loan

Objectives, features & conditions

·   Higher Education Loan facilities for the Christian Students on BBA, MBA, CA, Hotel Management, Engineering, Medical Studies, B.Sc Nursing, Technical, and other professional courses. Poor and potential students are given priorities on this product.

·      Students have to achieve first division [A-] in one exam and second division [B] in other examination among SSC and HSC exams.

·       A member can apply for loan after completing six months of being member of the union.

·       Member’s share amount should be minimum 3,000 taka to apply for the loan.

·    Highest 75,000 taka loan will be allowed for higher studies, technical and professional courses.

·       Repaying of the loan should be started after 6 months of the course is completed.

·       Entire loan should be paid back in 36 equal installments with 12% interest [yearly].

 4. Higher Education Support Loan

Objectives, features & conditions

·         You can get higher education in Bangladesh without tension.

·         Loan can be taken in a very short time without hazards,

·         Upgrade standard and add value to family and society.

·      Students those who are studying in undergraduate, post graduate or getting higher diploma level in different government affiliated universities are eligible to apply for this loan.

·         The loan applicants must achieve at least ‘B’ grade/2nd division in SSC or HSC level.

·         And s/he must be the member of this union 3 months before applying for loan.

·         The CCCUL approves highest 1,000,000 taka under this product.

·         The loan should start paying after 6 months of the course is complete to highest 5 years in equal 60 installments.

·      Immediate after taking the loan, the loan receiver will continue paying 12% interest [yearly]. But after completion of higher education, only the principal loan amount to be paid back in 60 equal [monthly] installments.

 5. Professional Training Loan

Objectives, features

·         Generally the applicants have to pass SSC to apply for this loan. But those who want to take garments related training and courses on photography should be graduated; and for the category of junior nursing, driving and catering services should pass minimum class eight.

·         Highest 100,000 taka is allowed for this loan.

·        The loan should be repaid after 6 months of the course is completed to the highest 3 years in equal 36 installments with 12% interest [yearly].

 6. Business Loan

Objectives, features & conditions

·         Anyone can expand the business.

·         Business can open an overall new dimension.

·         Easy terms and conditions.

·         The business should be at least 3 years old.

·         Highest loan amount will be 100,000,000.

·         Loan should be repaid highest in 6 years [in 72 equal monthly installments].

·         The interest will be counted on the basis of continuous reducing manner with 14% [yearly].

7. Car Loan

Objectives, features & conditions

·         You can own a car very easily.

·         It will ensure your family safe travel.

·         It increases the living standard of life.

·         The membership with the CCCUL should be at least 2 years old.

·         Highest loan amount will be 4,000,000 taka for non-registered recondition car/brand new car.

·      At least 30% of the car’s value should be deposited in applicant’s Savings Account to qualify the loan.

·         Loan should be repaid highest in 5 years; it means repayment should be made in 60 equal installments.

8. Capacity Based Loan

Objectives, features & conditions

·         Applicant should be a regular member [continuously three years] to deposit in share and savings accounts.

·         Member has to fill up first three ceiling of loan from the CCCUL and repaid regularly. Three lakhs of general loan should be taken and repaid regularly to apply for ten lakhs or more.

·         Highest 1,500,000 can be given based on net income and capacity to return installments.

·         Loan should be repaid within 5 year [or in 60 installments].

·         The interest rate will be counted on the basis of continuous reducing manner with 14% [yearly].

9. House Building Loan

Objectives, features & conditions

·         You can build your house you dreamed.

·         You can be the proud owner of a high-rise building.

·         You can save your land from developer.

·         You must have deposit 100,000 taka in House Deposit Scheme [HDS] account to qualify loan for more than 2,000,000 taka; and at least 50, 000 taka HDS for qualifying loan of less than 20, 00,000 taka loan.

·         If the member is a service holder, his monthly income should be at least 40,000 taka. And if the member is a businessman, his monthly income should be at least 50,000 taka.

·         In all 20% of the total loan should be given as book security from the regular members of this union.

·         The loan amount will be minimum 500,000 taka and maximum 5,000,000. Or 70% of the land’s present market value [not more than 5,000.000 taka].

·         Duration of the loan will be for 15 years [or in 180 installments].

·         Interest rate will be counted on the continuous reducing manner with 14% [yearly].

 10. Small, Medium Business Loan

       Objectives, features & conditions

·         You can be an established businessman of the society.

·         You can get a loan in short time with low interest rate.

·         The business must be at least a 6-month old.

·         You should take general loan at least twice.

·         The highest loan amount will be 5,000,000 taka.

·         Duration of loan repayment will be 6 years [72 installments].

·         The interest rate will be counted following the continuous reducing manner with 15% [yearly].

 11.   Dhaka Credit Flat Purchase Loan

       Objectives, features & conditions

·         You can buy your expected flat and pay its cost in installments.

·         You can be a proud owner of a flat in Dhaka city or its outskirt built by the CCCUL.

  • You should have a HDS account.
  • Your age should be ranging from 21 to 60 years.
  • Flat booking money [down payment] should be from your part in the first.
  • Defaulters can’t apply this loan.
  • You will be allowed loan after deducting the booking money from the total price of the Flat.
  • This loan should be repaid to the CCCUL in maximum 15 years time [180 installments].

·         The interest rate will be counted following the continuous reducing manner with 13% [yearly].

 12.   Dhaka Credit Consumers Loan

         Objectives, features & conditions

·         One can purchase his/her expected consumer goods easily.

·         S/he can uplift social life at a standard status.

·         S/he should be regular member at least one year.

·         In spite of having existing general loan or other product loan, s/he can apply and avail this loan.

·         Highest amount of such loan is maximum 200,000.

·         Interest rate is flat 14% having maximum duration of two years.

·         Exception: If a member takes 50,000 taka, s/he must repay within 18 months, otherwise two 24 months [two years]; monthly equal installments.

 13.   Solvency Loan for Going Abroad

        Objectives, features & conditions

·         To provide financial assistance to a member at the time of going abroad.

·         S/he must be a member of this credit union.

·         S/he can change his/her lifestyle by going abroad and earning much money.   

·         In case of businessman and service holder, their respective monthly income should be 80,000 and 50,000 taka.

·         The loan amount will be maximum 3,500,000 taka. 

·         Duration of repayment is generally six months with 14% interest, but interest of the total amount to be deposited at a time in Savings Account before receiving the loan.        

14.   Loan Against Long Term Savings Deposit

      Objectives, features & conditions

·         Any savings account holder can use his own long term savings deposit amount as surety to take this loan.

·         Despite of having existing general loan, you can take this loan. If LTSD is given as surety for general loan, there will be no loan facilities against LTSD.

·         Based on the member’s LTSD any amount up to 90% can be approved as loan.

·         This loan should be repaid within maximum 36/60 installments.

  • The interest rate will be counted on the basis of continuous reducing manner. Account holder instantly can take 90% loan against the deposited amount on

2.5% extra interest than that of the receiving interest from LTSD.

15. Secure Over Draft [SOD] Loan

     Features & conditions

·         A savings depositor can make loan against Long Term Savings Deposit [LTSD].

·         LTSD depositor can take loan against his/her LTSD in spite of having general loan. 

·       If LTSD depositor uses LTSD amount for surety against general loan, s/he cannot take loan against LTSD again.

·         LTSD depositor can take loan up to 90% on the total amount of the deposit.

·         After s/he repays the loan, s/he can take loan again, but s/he cannot encash LTSD until s/he repays the loan.

·         The loan must be repaid in 12 months [12 installments].

·     The interest rate will be counted following the continuous reducing manner with 14% [yearly].

  16. Open Installment Loan

       Features & conditions

 ·         A savings depositor can make loan against Long Term Savings Deposit [LTSD].

·       In spite of having existing general loan LTSD depositor can take loan against his/her LTSD. If LTSD depositor uses LTSD amount for surety against general loan, s/he cannot take loan against LTSD. 

·         LTSD depositor can take loan up to 90% on the total amount of the deposit.

·         During office hour any amount can be repaid. Every month member is bound to pay the interest if the loan is not paid.

·         The duration of this loan is up to the fulfillment of the LTSD deposit.

·         14% interest will be counted following the continuous reducing manner [yearly].

17.      Flat Purchase Loan

           Objectives, features & conditions

 Your expected flat can be purchased on installments.

·         You can be the proud owner of a flat in Dhaka city.

·         You must be the regular member of the CCCUL.

·         Your age should be minimum 25 and maximum 55.

·         You must deposit 100,000 taka in Housing Deposit Scheme [HDS] for the expected loan amount 2,000,000 taka and 200,000 taka for more than 2,000,000 taka loan.

·         If you are a service holder, your monthly income should be at least 60,000 taka and if you are a business owner, your monthly income should be at least 80,000 taka

  • Flat booking money should be provided from his/her own.

·         You will be deducted flat booking money from the principal amount of your approved loan.

·         At the time of flat registration, the CCCUL will directly pay the loan money to the flat/apartment builder/seller.

·         At the time of flat registration, the flat loan receiver will provide power of attorney to the CCCUL.

·         Duration of the loan repayment will be 15 years [180 installments] with 14% interest [yearly] following the continuous reducing method.

·         Approved loan shall be repaid according to monthly installments.

·         Loan receiver has to start paying back installments including 14% interest from the next month of sanction.

 18.   Dhaka Metropolitan House Building Loan

         Objectives, features & conditions

·         You can build a house of your long cherished dream.

·         You can be the proud owner of a high-rise building.

·         You can get a loan in a short time with low interest.

·         You can save your land from developer.

·         You must be a regular member of the CCCUL.

·         Your age should be minimum 25 and maximum 55 to qualify the loan.

·         If you are a service holder, your monthly income should be at least 40,000 taka; and if you are a business owner, your monthly income should be at least 50,000 taka.

·         You must have the money to finance the foundation structure including great-beam to qualify the loan.

·         The highest loan ceiling is15,000,000 taka Or, up to 70 % the land’s present market value which is less than other.

·         The loan will be payable by a series of installments.

·       Once the building construction work is completed, a |CCCUL representative will be deployed to rent the flats in the building and collect rents from the tenants to repay the installments and interest of the loan.

·         The loan duration will be for 15 years or in 180 installments.

·       The target of the CCCUL representative is to collect rent from the building’s tenants to realize CCCUL’s loan and interest. If there is any disparity to realize the loan and interest as per set criterion, you can calculate the following formula: total collected rent – interest = installment.

·         If situation permits, you can repay loan from any other source other than house rent to reduce your loan money in a speedy manner.

·         At the time of construction, you need not to pay installment other than interest.

·         The interest rate will be counted 14% following continuous reducing method.

·         As the CCCUL releases loan to you in series of installments, you need to pay calculated interest from the next month based on the loan amount.

 19. Bill Pay Loan

 Christian businesspersons are dealing with different organizations and individuals. They supply goods to them who take lengthy process to pay the bills. Therefore businesspersons encounter cash constraints. In these circumstances, the CCCUL has started ‘Bill Pay Loan’ to support this type of businesspersons to overcome the financial crisis.

 Objectives, features & conditions

·         Recover financial crisis of the business.

·         Increase the speed of business activities.

·         You have to be the regular member of the CCCUL.

·         Length of business should be minimum 7 years.

·      Businesspersons will submit the bills to the third party, hence it will be justified by the CCCUL to approve 80% of the Bill Pay Loan to these businesspersons to overcome their crisis moment of receivable bills.

·         Third party will provide an account payee cheque [against receivable bill] to  the CCCUL. As soon as the cheque is cashed, loan receiver’s loan and interest will be adjusted accordingly and rest of the money will be given to the loan receiver.

·         This loan will be given for highest 60 days.

·         Contract between the businessperson and the CCCUL will be signed for a year.

·      The interest rate will be counted following the continuous reducing manner with 14% [yearly].

20.     GYM Loan

Objectives, features & conditions

 ·         You can have a good health in body and mind.

·         Gym loan is introduced to avoid monthly gym fee payment. 

·         The CCCUL provides loan to you at a time for one year.

·         You must be a full member in the CCCUL.

·         You must continue your savings regularly in the CCCUL.

·         You must be a regular member of Health Care Scheme.

·         For general members: monthly, tri-monthly, half-yearly and yearly gym fees are set 1000, 2500, 5000 and 10,000 taka while for students 700, 2000, 3500, 6000 respectively. Gym loan is provided the maximum amount at a time.

·         The loan amount will be directly paid as yearly gym fee.

·         Loan should be repaid in 12 months.

·         The interest rate will be 12 % at flat rate.

 21.  Credit Ceiling Loan

Objectives, features & conditions

·     The Credit Ceiling Loan is introduced for the established Christian businesspersons to support them financially to overcome different crisis.

·         Applicant must be member of the CCCUL.

·         Business age has to be minimum 7 years.

·         Highest up to 10,000,000 taka loan will be granted in the name of the applicant and it will be disbursed as per need of the applicant.

·   Applicant must give mortgage his land, flat, original documents of the business establishment to be mortgaged to the CCCUL. 

·       Loan amount will not be more than 70% of the mortgaged land, flat and establishment’s present market value.

 ·      Whatever amount of loan is sanctioned by the CCCUL, the concerned businessman must fully repay it at least once in a three years time to be allowed for the next loan. 

·     The interest rate will be counted on the basis of continuous reducing method with 14% [yearly].

·         Interest of loan can be paid monthly and once in a three month.

 22. Solvency Loan for Higher Education (Abroad)

      Objectives, features & conditions

·        Meritorious students can materialize his/her dreams of achieving higher education abroad.

·         S/he can be a professional person after the higher education.

·       S/he can change his/her lifestyle by acquiring the higher education degree in foreign land.  

·         The meritoriously talented students are entitled for such loan.

·         The parents of the student[s] must be the regular member of CCCUL.

·         If the parents are a service holder, his/her monthly income should be 50,000 taka and if the parents are a business owner his/her monthly income should be 80,000 taka. Highest loan will be 3,500,000 taka.

·         Student should apply for the loan that to be sanctioned in student’s name. Directly the loan amount will be transferred to student’s bank account until all processes of visa are complete. Having completed student’s bank solvency requirements, s/he [student] has to issue a cheque of the similar loan amount to the CCCUL.

·         Duration of loan generally is for six months with 12% interest.

·         Duration of repayment is generally six months with 14% interest, but interest of the total amount to be deposited at a time in Savings Account before receiving the loan. 

   23.  Top-Up Loan

         Objectives, features & conditions

·         You can live a tension-free livelihood.

·         You will not be forced to take loan on high interest.

·         You will not be exploited by the private money lenders.

·         Your additional loan can be processed very fast to meet your abrupt/unexpected financial needs.

 ·         In spite of having your existing loan, you can apply for another loan by repaying 35% of the previous loan [general loan].

 ·         If any one of your family is defaulter, this loan will not be approved.

 ·        You can take more than previous general loan amount based on your capability [share amount, surety, amount of income, etc.].

 ·         The second time granted loan will be adjusted with the existing general loan.

·         Schedules for repaying will be reorganized as per the general loan policy.

·         12% interest will be counted on the daily basis of continuous reducing method.

 24. Loan Against Dhaka Credit Monthly Savings: Loan facilities will be given up to 90% of the deposit after completing 2 years. Interest rate is 11% for 5 years and 11.5% for 10 years duration of the deposit.

25. Loan Against Dhaka Credit Education Savings: The account holder completing study up to Higher Secondary level and 5 years of opening account can take loan two times of the deposited amount at 11.5% interest. 

26. Loan Against Dhaka Credit Tri-Monthly Savings: Right after opening account, loan facilities will be given up to 90% of total deposit. Interest rate is 10.5%.

27. Loan Against Dhaka Credit Double Deposit Savings: Under this product, depositors can get loan on instant facility up to 90% of total deposit. Interest rate is 15%.

28. Loan Against Dhaka Credit Aged Savings: Loan facilities will be given up to 90% of the deposit after completing 2 years. Interest rate is 11.5%.

Note: [Loan number 24-28] only 2.5% interest is charged extra than the receiving interest amount.