How do personal loans work and how do you apply for one?
Personal loans are what’s known as installment credit. This means it’s a type of loan that must be repaid over a set period of time. Personal Loan is different from revolving credit, like credit cards, which involves the ability to borrow more money as you keep making payments.
Agrani Bank emerged as a Nationalized Commercial Bank following the Bangladesh Banks (Nationalization) Order 1972 vide President’s Order No. 26 of 1972 under which former Habib Bank Limited and Commerce Bank Limited and renamed as Agrani Bank. The Bank was incorporated as a State-owned Commercial Bank on 17 May 2007 under the Companies Act 1994. On a going concern basis, Agrani Bank Limited took over the business, assets, liabilities, rights and obligations of Agrani Bank through a vendor’s agreement signed on 15 November 2007 between the Ministry of Finance of the People’s Republic of Bangladesh and the Board of Directors of ABL with retrospective effect from 01 July, 2007.
Agrani Bank Personal Loan in Brief: