Cash in hand, clear EMI, and freedom to carry out your plans.

BRAC Bank Personal Loan offers personal credit in Bangladesh for anyone who needs extra money with simplicity.

It lets you fund projects, handle surprises, or organize expenses without putting assets up as collateral.

With fixed monthly installments and an extended term, it becomes easier to plan and keep your budget under control.

Want to discover all the benefits and organize your finances? Check out the BRAC Bank Personal Loan now and see how to apply.

Category	Minimum	Maximum
Amount	৳100.000	৳2,000,000
Term	12 months	60 months
Interest Rate	Not specified	Not specified

Get to know BRAC Bank Personal Loan: up to ৳20 Lakh, no collateral, and fixed installments (EMI)

BRAC Bank Personal Loan is offered by a solid Bangladeshi bank, known for serving millions with seriousness and growing nationwide presence.

Besides being private and well established, BRAC Bank is part of the BRAC group, respected in the country for social impact and consistent governance.

That reputation comes from years in the market, a wide branch network, and reliable digital services, all of which reinforce customer security.

With BRAC Bank Personal Loan, you choose the amount, a term up to 60 months, and a fixed EMI, with low bureaucracy and transparent support.

Main benefits of BRAC Bank Personal Loan

BRAC Bank Personal Loan brings advantages that make credit more friendly, accessible, and useful across different stages of your life.

In this section, you will understand the key benefits of this loan and why it draws the attention of so many customers.

High amount with no collateral

You can request a wide amount, suitable for big projects, without needing to offer a house, car, or other asset.

BRAC Bank Personal Loan reaches up to 20 lakh, letting you plan costly dreams without putting your family’s assets at risk.

That limit helps with medical emergencies, renovations, or studies, with enough money to solve everything at once.

Since there is no collateral, the process feels lighter, and approval depends more on your financial history with the bank.

“Unsecured” loan

Being unsecured means the bank trusts your ability to repay, without clearly requiring guarantees in the contract.

That leaves your assets free for other goals, avoiding liens or mortgages and keeping your financial life more flexible.

The review focuses on income, stability, and credit behavior, so organized accounts raise your chances easily.

For many customers, this format cuts steps, speeds up the response, and makes the experience less stressful from day one.

Flexible term with predictable installments

You choose between twelve and sixty months, matching the term to your goal size and your salary without strain.

Longer terms reduce the EMI and lighten the month to month burden; shorter terms lower total interest paid.

Installments are the same from the first payment, making it easier to forecast expenses, set money aside, and avoid surprises.

With predictability, you organize fixed bills, plan parallel purchases, and finish the loan calmly without hurting other personal goals.

Up to ৳5 lakh without a guarantor

For amounts up to five lakh, the bank often waives a guarantor, saving you from asking favors within your circle.

That makes the process faster, because it depends only on your documents and your credit review at the bank.

It is great for anyone who wants financial privacy and autonomy, deciding without involving relatives or coworkers.

If you need a higher amount, you can provide a guarantor, and the bank will assess based on income and risk.

Extra time to start paying

In some approvals, there are a few days before the first EMI, so you can adjust your initial budget safely.

That breathing room helps when the money goes to urgent needs and your monthly income is already tied to other bills.

You use the amount right away, solve the problem, and only start paying after the agreed date with no stress.

Even short, that interval lowers the risk of early delays and protects your clean credit record with the bank.

Protection with insurance

Some offers include bundled insurance, covering serious events and preventing the debt from becoming a burden later.

With BRAC Bank Personal Loan, this protection may settle the balance in cases of death or permanent disability.

Coverage varies by profile and amount, so it is worth checking conditions, waiting periods, and costs before signing.

With this insurance, you keep your plan protected and add peace of mind for those who rely on you daily.

Eligibility requirements to apply for BRAC Bank Personal Loan

Before applying, make sure your profile meets the basic criteria required by BRAC Bank for this credit.

• Allowed age: in general, minimum 25 years and up to 65 years by the loan’s maturity.
• Minimum monthly income: usually starts at ৳25,000 to ৳30,000 for salaried workers; for self employed or business owners, income may need to be higher.
• Profile and experience: salaried employees, self employed or business owners, and property owners are accepted, usually with 1 year of confirmed employment or 3 years in business.
• Basic documentation: NID, proof of income, recent bank statements, and proof of employment or business. A guarantor may be required for amounts above ৳5 lakh.

If you fit these points, your application tends to be simpler and faster.

Step by step to apply for BRAC Bank Personal Loan

Applying for this credit is simple, and you can start through a branch or the bank’s digital channel.

• Check eligibility and choose amount and term: confirm age, income, and profession, then define how much you need and for how many months.
• Gather and submit documents: bring your NID, income proofs, and statements; for higher amounts, the bank may ask for a guarantor.
• Submit the official request: fill out the “Apply Now” form on the website or visit a branch to open the application.
• Wait for review and disbursement: BRAC Bank evaluates your profile, confirms the final rate, and once approved, deposits the amount into your account.

With everything in order and documents complete, approval usually moves fast and without headaches.

Applicable fees for BRAC Bank Personal Loan

BRAC Bank Personal Loan has costs beyond installments, and understanding each fee helps you avoid surprises in the contract.

In the topics below, you see what these charges are, when they show up, and how they affect your planning.

Interest rate

The interest rate is not a single number. It varies by your income, profession, requested amount, chosen term, and the bank’s internal review.

With BRAC Bank Personal Loan, a clean payment history and financial stability often open the door to lower rates.

Before closing, ask for the effective annual rate and simulate your EMI, so you see the real cost through the last installment.

If the rate comes higher than expected, adjusting term or amount can reduce the EMI and the total interest paid.

Processing fee

The processing fee is charged when the loan is disbursed and is usually 0.50% of the approved amount, plus mandatory VAT.

It covers analysis and administrative costs, so it appears at the start and should be part of your total calculation.

For higher amounts, this fee becomes a meaningful sum; compare different amounts and terms before deciding calmly.

In specific campaigns, the bank may reduce or soften this cost, depending on current policy and your profile.

Early settlement

Paying off the loan before the term may trigger a fee of up to 0.50% on the outstanding balance, under current rules.

Compare that charge with the interest you would avoid paying, because early settlement often still makes sense.

The earlier you settle, the bigger the savings tend to be, since you cut future interest in the EMI schedule.

Ask the bank for an updated calculation, because the exact value depends on date, balance, and contract details.

Partial prepayment

Paying down part of the balance also has a cost, up to 0.50% of the prepaid amount, under product rules.

Usually it can happen only once every twelve months and must be at least 30% of the total outstanding balance.

Partial prepayment is not allowed in the first six months or the last six months of the contract, to keep planning stable.

When used strategically, it reduces total interest and can shorten the term or lower the monthly EMI clearly.

Penalty interest

Late EMI payments generate penalty interest of up to 1.5% per year on the overdue amount, and can affect your record.

In a single delay, the impact is small, but repeated delays raise the real cost and make new credit harder.

Auto debit and simple reminders help you avoid penalties and keep your relationship with the bank healthy.

If you do delay, regularize as soon as possible and talk to the branch to minimize any extra impact.

VAT

VAT of 15% applies to all loan fees, such as processing, early settlement, and several contract changes.

So when simulating costs, add VAT to each fee to see the real total that will come out of pocket.

This tax is governmental in Bangladesh, so it is not negotiable and follows current fiscal law.

In long contracts, VAT accumulated across fees can add up; track these sums carefully from the start.

Term change

If you need to restructure the term, there is a fee of up to 0.25% of the balance, capped at ৳10,000, plus VAT.

This change can lower the monthly EMI, but it usually increases total interest paid over the contract.

Use this option when your income changes and you need breathing room to keep payments on track.

Before requesting it, compare the old and new schedules, weighing monthly relief against the extra total cost.

EMI date change

Changing the EMI due date costs up to ৳2,000 per request and aligns payment with your salary day.

With BRAC Bank Personal Loan, this adjustment helps avoid calendar driven delays and makes payment more comfortable.

Pick a new date with cash flow margin, ensuring the installment fits smoothly into your monthly budget.

Avoid frequent changes, because each adjustment has a cost and internal reprocessing, even if it seems simple.

Conclusion

With the benefits, terms, and fees clear, it is easier to decide if this credit fits your moment without rushing.

Plan the amount, simulate the EMI, and organize documents first, because a well prepared request usually leads to smooth approval.

Remember that processing, VAT, and possible penalties exist, so compare scenarios and use the loan as support, not as weight.

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