Conventional
Personal 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
- ৳ 50,000 to ৳ 20,00,000
- Tenure
- Up to 5 years
Who can apply
- Who can apply
- Salaried
- Age
- 21 to 60 years
- Minimum monthly income
- ৳ 15,000
- Any Bangladeshi national.
- Employees of government, autonomous bodies, banks, non-bank financial institutions, public limited companies, corporately structured private limited companies, multinational companies or reputed educational institutions.
- At least 1 year as a confirmed service holder.
- Minimum monthly income: Tk.15,000 for government employees; Tk.25,000 for private service holders.
- Other income may be considered with supporting documents.
- Salary account with MBL or another bank: loan limit 10 to 15 times gross monthly income.
- Cash-paid salary with minimum salary reflection in the account: loan limit 8 times gross monthly income.
- Unsecured, EMI-based terminating credit facility for any legitimate purpose.
Documents you need
- Letter of introduction from competent authority.
- National ID and TIN certificate.
- Personal Net-worth Statement.
- Salary account statement for the last 6 months.
- Photocopy of passport and telephone (T&T) bill, if any.
- Supporting documents for other income.
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.