IPDC Finance has launched a new loan product called 'IPDC Aroggo' to give financial aid in covid treatment. It is of utmost priority to everyone now to be able to give proper treatment to their loved ones during this long running pandemic. IPDC's new loan service will provide financial support for Covid-19 treatment.
The loan will be given in two ways. Customers having a fixed deposit account with IPDC will get this loan at a 0% spread rate which means the loan rate will be the same as the Fixed Deposit rate, reads a press release.
Aroggo loan application by applicants who do not have a deposit account in IPDC will be assessed and approved based on their record of transactions. In such case, Aroggo loan will be given as a personal loan with 7% interest rate.
'IPDC Aroggo' loan is applicable when the covid patient needs to be admitted to a hospital for treatment. The covid patient must be a family member (parents, siblings, spouse) of the applicant.
The minimum loan amount under IPDC Aroggo is BDT 50,000. In case of Personal Loan, the maximum loan amount is BDT 500,000. In case of SOD, the maximum loan amount is 80% of Fixed deposit or BDT 500,000, whichever is lower.
In case of SOD, 0% spread of rate will be applicable for the first two months from the day of taking the loan. For personal lone under Aroggo, the maximum repayment period is 36 months.
Savrina Arifin, the Head of Retail Business of IPDC Finance said, "As a socially responsible firm, IPDC has always tried to make significant contribution towards society through its services. In current Corona situation, 'IPDC Aroggo' is one such effort to respond to the need of the community. We hope this loan service will be really helpful to many families by eliminating the financial barrier towards the treatment of Covid-19."
Since the beginning of pandemic, IPDC Finance has stood beside people with various public welfare activities so far. 'IPDC Aroggo' is a new addition to that long list.