How to Use This Eligibility Calculator

Get a clear picture of your loan options in four simple steps:

  1. Enter Your Gross Monthly Income: Put your total monthly salary or income in BDT. Be as accurate as possible.
  2. Add Your Work Experience: Note down your total years of professional experience. Job stability is a key factor for lenders.
  3. Select Your Profession Type: Choose whether you are salaried, self-employed, or a business owner.
  4. Get Instant Results: Click the button to see a list of banks that match your profile.

Understanding Personal Loan Eligibility in Bangladesh

Applying for a personal loan can be a daunting process. Each bank has its own set of criteria, and getting rejected can impact your credit score. Our Personal Loan Eligibility Checker is designed to give you a preliminary assessment before you even apply. By understanding which banks are more likely to approve your application, you can save time, avoid unnecessary credit inquiries, and approach the right lender with confidence.

Key Factors Banks in Bangladesh Consider

Banks in Bangladesh typically assess several key factors to determine your creditworthiness. Our tool simplifies this by focusing on the most important ones:

  • Monthly Income: This is the most critical factor. Banks need to be sure you have a stable and sufficient income in BDT to make your monthly payments (EMIs) without defaulting.
  • Employment Type & Stability: A stable job history is highly valued. Salaried employees in reputable companies are often seen as lower risk than individuals with less stable income sources.
  • Work Experience: Longer work experience indicates stability and reliability, which increases your chances of approval. Most banks require a minimum of 1-2 years of continuous employment.
  • Credit (CIB) Score: While not a direct input in our tool, a good CIB score is crucial. Banks will always check your credit history from the Bangladesh Bank's Credit Information Bureau (CIB) to assess past repayment behavior. A clean record is essential.

How to Improve Your Loan Eligibility

If you don't seem eligible for many loans right now, don't worry. There are several steps you can take to improve your profile:

  1. Build a Good Credit History: Pay all your existing bills, credit card dues, and other loan EMIs on time. A clean repayment record is the best way to build a high CIB score.
  2. Increase Your Income: If possible, look for ways to increase your documented income. Even a small, stable side income can make a difference if it's reflected in your bank statements.
  3. Show Job Stability: Avoid frequent job hopping before applying for a loan. Staying with an employer for over a year can significantly boost your chances.
  4. Reduce Existing Debt: Try to pay down high-interest debts like credit card balances. Banks look at your debt-to-income ratio, and having less existing debt makes you a more attractive borrower.

Our checker is the first step in your financial journey. Use it to gain valuable insights into your financial standing and plan your next move wisely.

Frequently Asked Questions

1. Is this tool's result a guarantee of loan approval?

No. This tool provides an estimate based on common eligibility criteria of Bangladeshi banks. The final decision rests solely with the bank after they conduct their own detailed verification, including a CIB check from the Bangladesh Bank.

2. Does using this checker affect my CIBIL / CIB score?

Not at all. This is not a formal credit application. Using our tool is completely private and does not involve any inquiry into your Credit Information Bureau (CIB) report, so it has zero impact on your credit score.

3. What is the minimum income for a personal loan in Bangladesh?

The minimum income requirement varies significantly between banks. Generally, for salaried individuals, it starts from BDT 25,000 - 30,000 per month. Our tool helps you see the specific requirements for each bank.

4. Is my personal information saved?

No. We respect your privacy. All calculations are done within your browser. No data about your income or employment is ever stored on our servers.

Disclaimer

This is an informational tool and provides estimates based on publicly available interest rates. Rates are subject to change by bKash at any time. This tool is not affiliated with, endorsed, or sponsored by bKash or its parent company.

Furthermore, this calculator is for informational purposes only. We do not encourage users to accept interest, as it is considered 'haram' (forbidden) in Islam. The Prophet Muhammad (ﷺ) cursed those who deal with interest (riba). As narrated by Jabir (may Allah be pleased with him), "The Messenger of Allah (ﷺ) cursed the one who consumes riba, the one who gives it to others, the one who records it, and the two who witness it." (Sahih Muslim 1598). For more details, you can refer to the Hadith at Sunnah.com.