MTB Yaqeen
Deposit

MTB Islamic Personal Finance is featured on the Shari’ah permissible mode of Hire Purchase under Shirkatul Milk (HPSM), also known as Diminishing Musharakah.

Features:

  • Financing amounts ranging from BDT 50,000 to BDT 20,00,000
  • Flexible repayment options from 06 to 60 months
  • No hidden charges
  • Competitive pricing structure
  • Simplified documentation and swift processing
  • Option for early & partial settlement
  • No processing fee is charged
  • Free from any compounding calculations
  • No fee is applicable for early or partial settlement​

Eligibility:

  • Age of the applicant: Minimum 21 years and maximum 65 years or until the date of retirement, whichever comes earlier at the time of facility maturity
  • Experience:
    • Salaried individuals: Minimum 1 year of employment, with at least 6 months in permanent status
    • Self-employed professionals: Minimum 1 year of practice in the respective profession
    • Businesspersons: Minimum 2 years of involvement in the same type of business
  • Minimum monthly income requirements
    • BDT 18,000 for government employees
    • BDT 20,000 for CEPP/Payroll/Salary with MTB
    • BDT 30,000 for other salaried individuals
    • BDT 50,000 for self-employed individuals
    • BDT 50,000 for businesspersons, landlords/landladies, or individuals with other sources of income

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