Conventional
Insta-Loan
Mercantile Bank PLC
13.50% to 14.50% interest rate a year
Mercantile Bank PLC doesn't publish this loan's rate. This is the range it reported to Bangladesh Bank for consumer credit. Ask the bank which rate you'd get.
Key facts
- Interest rate
- 13.50% to 14.50%
- Processing fee
- Not listed by the bank
- Loan amount
- Not listed
- Tenure
- Not listed
Who can apply
- Available to existing Mercantile Bank credit cardholders as a pre-approved loan.
- Loan booked against the credit card limit, up to 90% of the available limit.
- Funds transferred to the cardholder's savings account.
- Request through MBL Contact Center or [email protected].
Documents you need
- No further documentation required to transfer the unused fund.
From the bank's own list. The bank may ask for more.
Full termsPRO
Every fee, repayment rule, security and document Mercantile Bank PLC publishes for this loan: stamp, valuation and CIB charges, the fee to settle early, grace period, takeover and more.
Get Pro to see themChecked against Bangladesh Bank
The rate shown is Mercantile Bank PLC's own announcement to Bangladesh Bank for October 2026. It updates when Bangladesh Bank publishes a new chart.
Source: Bank website. Last checked 16 October 2026.
Banks can change rates at any time. Confirm with the bank before you sign.